The payments industry is rapidly evolving, driven by technological innovation, changing customer expectations and increasing regulatory scrutiny. Payment Service Providers (PSPs), e-money institutions (EMIs), fintechs and alternative banking platforms must navigate complex governance, compliance, anti-money laundering (AML), counter-terrorist financing (CTF), fraud prevention and other regulatory compliance requirements while maintaining seamless payment experiences for their customers.
Lysis Group has a proven track record of supporting payment firms in meeting these challenges. We work with some of the world’s leading payment institutions, challenger banks and fintechs, providing expertise in compliance frameworks, financial crime risk management and regulatory advisory services.
We help firms achieve regulatory alignment, mitigate financial crime risks and enhance operational efficiency, allowing them to scale and grow with confidence.
We work with payment firms at all stages of their growth, from startups seeking regulatory authorisation to established institutions optimising their compliance and risk management frameworks. Our solutions are tailored to the specific challenges and regulatory requirements faced by firms operating in the UK, EU and global payment markets.
.png)
Our client wished to gain an ACPR Payment Institution license in France and asked for Lysis' assistance to prepare all the documents and for general support during the application process.
A large U.S. based end-to-end human resources management firm and Lysis delivered a solution for the newly established UK/EU subsidiary which forms part of the SEC regulated entity.
One of our client's banks has flagged areas of our client's Ant-Money Laundering (AML) Governance and Compliance operation as a potential cause for concern. Our client asked Lysis to perform an independent review for them to establish if anything was genuinely wrong.
Our client had been advised that their AML provisions were not up to the required standard and wished to remedy this before regulatory sanctions were imposed.
Our client had a requirement to review and update its AML Framework to take account of the Fifth Money Laundering Directive and also some changes in its business model.
Following a review from the Financial Conduct Authority (FCA) in 2021, and a subsequent letter from the regulator, the client had to address a number of gaps that were identified by the regulator.
Our client had a new executive-level Money Laundering Reporting Officer (MLRO) and some new board members. Our client asked Lysis to run an AML Masterclass for UK AML Regulations.
A major credit card company and regulated PSP with global reach approached Lysis to uplift their transaction monitoring framework and operational controls.
Our client wished to outsource the Client On-Boarding and AML Operations for its merchant acquiring business in Europe, replacing their current major global outsourcing partner.
The incoming Head of Compliance at our customer identified that Client Monies were not being managed as per regulation and this therefore required an immediate remediation.
An international payment company with offices in major European hubs outsourced KYC service provision was unsatisfactory. A significantly enhanced and more effective capability was developed by Lysis.
A major credit card company required the design and implementation of a bespoke iteration of the iMeta client on-boarding and lifecycle management system to meet specific business needs.
Jon has 35+ years’ wholesale financial markets experience in London, New York, Singapore and Frankfurt. He specialises in Regulatory Strategy, Governance, Regulatory Change Management and M&A/Integration. Jon founded Lysis in 2001. He was previously Head of the Investment Banking, eBusiness and Trading Floor practices at AIM-listed TCA Consulting. Notable clients include Deutsche Bank, BNP Paribas, RBS/ABN, ICAP, JCB cards and Uphold.
read more
Wendy has over 18 years of experience in regulatory operations and financial crime compliance. As the Head of Lysis Academy, she manages the Cape Town-based offshore center and has trained over 2000 KYC analysts globally. Wendy developed Lysis' Training Needs Assessment service and CPD program, regularly assessing clients' AML teams. She has expertise in AML regulations for crypto assets and has held various SME and advisory roles in firms like Bear Stearns, Deutsche Bank, and ING. Wendy specializes in AML frameworks, risk rating methodologies, and conducts AML Maturity Assessments and Reviews. She is a respected SME in regulatory operations with practical operational experience.
read more
Mark has been working within the AML/CLM industry for over 15 years, gaining experience within tier 1/2 investment banks and a Big Four consultancy. He has also managed operational and transformation teams for Online Gaming Compliance and PSP clients. Mark has expertise in AML/CLM processes, data, and operational risk, and likes to view this all through a regulatory compliance lens. He also has a knack for creating insightful Management Information, allowing clients to track project progress, report AML and other regulatory risks and identify areas for cost-saving efficiencies.
read more
