Lysis, a group of companies specialising in AML and KYC, has partnered with Genpact to help organisations tackle financial crime compliance.
Genpact helps large financial organisations combat process inefficiencies through its AI-based platform, Genpact Cora, and provides industrial-scale delivery capabilities across the globe.
The Lysis group of companies provide a European footprint with expertise across AML and KYC services, business change consultancy and comprehensive AML, governance, risk and compliance training.
Through this partnership, the combined expertise of both firms aims to help financial services organisations transform their financial crime operations. They plan to help through the ‘right blend of intelligent operations and technological innovation’ to maintain compliance but at a sustainable cost.
Manish Chopra, global risk and compliance leader at Genpact, said: “Partnering with Lysis will give our clients in Europe access to the local deep domain expertise they need, combined with our large-scale transformation experience and digital-led solutions in robotic process automation, AI, and machine learning – which are further strengthened by our sustainable global delivery and intelligent operations capabilities.”
The Lysis group includes Lysis Financial, which provides strategic expertise, change management and project execution services to senior risk, compliance and operations management within financial firms. It also includes Lysis Operations, which focuses on AML & CLM processing, and Lysis Academy, which provides AML, KYC and Governance, Risk and Compliance training.
Lysis’ governance risk and compliance teams aim to provide ‘peace of mind’ that strategy, risk and regulation support. It helps embed governance at all levels of a user’s business, ensuring everyone is clear about their roles and responsibilities. Lysis’ claims to help meet the challenge of developing a holistic and resilient approach to Governance, Risk and Compliance that embraces change and the risks that it invariably brings.
Jon Sweet, CEO of the Lysis group of companies, says, “The regulatory and cost pressures that our clients are facing in complying with financial crime regulations continue to increase. We are excited to be partnering with Genpact in a way that enables our clients to combine our deep local KYC and AML domain expertise and local operations with Genpact’s global delivery and extensive digital transformation capabilities.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
