Operations & Resourcing

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Payment Services & Card / Merchant Acquirers

Transaction Monitoring for a Major Credit Card company

A major credit card company and regulated PSP with global reach approached Lysis to uplift their transaction monitoring framework and operational controls.

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The Client

A major credit card company and regulated PSP with global reach.

The Challenge

A requirement to have an effective transaction monitoring framework, operational controls, and processing to manage and monitor payments across Europe.

The Solution

Lysis designed a transaction monitoring governance framework and selected a world-class transaction monitoring system with artificial intelligent (AI) capabilities. They also designed and implemented a new Napier transaction monitoring system which included testing of the Napier system and the calibration of rules to enhance the detection and controls. Furthermore, Lysis Implemented a transaction monitoring managed service to support the client's European payments.

Results

Lysis delivered a fully effective and complete compliant transaction monitoring programme based on industry leading AI technology and managed specialised personnel.

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Crypto Asset Support by providing a Money Laundering Reporting Officer (MLRO)

A crypto asset custodian based in the U.K. with global reach approached Lysis with the request to assist them with the process to obtain registration from the FCA which would enable them to operate in the UK market as a crypto asset business. Due to the holding company’s strong global footprint, part of the FCA requirements for registration included the need for a UK based money laundering reporting officer (MLRO).

Service

Consulting & Advisory

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