About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Lysis and iMeta Partner to Deliver Client Lifecycle Management Service for SMEs

Subscribe to our newsletter

Lysis and iMeta have teamed up to deliver a service for client lifecycle management that is designed to provide small to medium sized enterprises (SMEs) in the financial services sector with agile, cost-effective access to client management resources rather than full-time operations.

The managed service incorporates Lysis’s client onboarding and KYC expertise, and is underpinned by the iMeta client lifecycle and master data management platform. Tom Griffiths, a consultant at Lysis, explains: “We’re speaking to a few small firms that need a KYC operation for literally 40% of the time. No-one will install KYC infrastructure when they don’t need it full time for the clients they service, so we offer end-to-end software and infrastructure, and basic security, that firms don’t have to install themselves.”

As well as providing installation and operational savings, the Lysis KYC managed service can reduce employee costs. Griffiths says: “Client onboarding relies heavily on expert individuals to deal with complex entities. Partnering with iMeta lets us work with an industry leading company that can adapt very quickly to regulatory change and allow us to provide regulatory surety regarding client data and information. We have the expert personnel who can ensure the operational aspects of client onboarding are achieved and maintained.”

Small firms tend to maintain client information using Excel, which is not fit for purpose, says Griffiths. The Lysis service addresses this problem, leading Griffiths to conclude: “With EU regulatory changes and a few new laws taking effect in 2017 and 2018, maintaining client data is essential to meeting regulatory obligations. The iMeta partnership gives surety regarding data being maintained and adapted quickly should regulations change again.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to integrating legacy data with the cloud

Acceleration of cloud adoption, increasing demand for digital transformation and real-time data management have led financial institutions to rethink their data infrastructure to enable more agile operating models that can respond faster to change and make data a competitive advantage. For many, integrating data from legacy systems and data across the business landscape with a...

BLOG

A-Team Group Data Management Summit London – Don’t Miss It!

With A-Team Group’s Data Management Summit London just two weeks away on 14 March 2024 at Hilton Canary Wharf, here is a taster of some of the keynotes, panels and practitioner journeys that will be presented by leaders and innovators in the data management field. The overall theme of the day is the evolution of...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...