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A-Team Insight Blogs

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

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.”

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