FX Liquidity
Payments Infrastructure
Global Payment Solutions
Risk & Compliance
We provide consulting services to the payments industry. With over 30 years experience operating in North America, Europe, Africa and Asia, we are hands-on practitioners. All work is bespoke and completed by us.
Global Payments Infrastructure & Network Management
Global Payments Banks
Regional Payments Banks - North America, Europe, Africa, Asia
Tier-1 Correspondent Banks
Payment Service Providers
SWIFT Membership
SEPA/SEPA Instant
We can assist in setting up relationships with banks across the world, as well as payment service providers, SWIFT, payment aggregators or mobile money schemes in-country. We have deep experience in connecting to payments infrastructure in the most challenging centres in Africa and Asia.
Alternative Payment Providers
Mobile Money Schemes
Wallets
Payroll Companies
Cryptocurrencies & Stablecoins
Prepaid Card Schemes
AML Compliance in Payments
Agnos Consulting helps payment institutions navigate complex regulatory environments with tailored regulatory business plans and granular forecasting models. We assist in the creation of structured AML compliance methodologies that include payment orchestration, payment screening, transaction monitoring and oversight to individual specifications.
Global AML
Compliance
We'll show you what regulators and banks are looking for from a best-in-class KYC/AML compliance environment. We'll help you automate the compliance process, but drill down into scenarios and transactions that require additional scrutiny.
Payments Orchestration
Client and Consumer Onboarding, Risk Rating Methodologies, Pathway Design. Whether an industry that is rated High Risk or a new client that is Low Risk, we provide the business logic to effectively risk manage each client and business use case.
Transaction Monitoring
Real-time transaction monitoring and payments screening baked into process design, backed up with detailed procedures and quality assurance to evidence conformity with business use case and compliance with PEP and sanctions screening.
Our Services
We provide a range of bespoke projects and one-off assignments, for example:
Operations Review
- Operating processes & procedures
- Supporting technologies
- Product suite
- Pain points
- Operating losses root causes & remediation
- Quality assurance
- New product specification/review
- Regulatory filings
- Sample audits
- GDPR
Systems Review
We conduct deep-dive into systems and third-party services and APIs employed to assess their effectiveness and suitability. We make recommendations to improve operational efficiency, mitigate risk and reduce cost.
No two projects are the same. Our work is tailored to each assignment.
Target Acquisitions
We provide in-depth due diligence on potential acquisitions, evidencing regulatory persissions, client profiling, compliance with AML regulations, identifying tell-tale signs of non-compliance, adverse risk concentration within the business wherever it may be.
We also prospect on behalf of clients for potential acquisitions and sale of businesses.
Our Services (continued)
Bespoke projects and one-off assignments.
Regulatory Business Planning
We develop comprehensive, tailored regulatory business plans aligned to specfic jurisdictional requirements including detailed financial forecasts.
We also prepare comprehensive commercial business plans to investors.
Nostro Network/PSP Reviews
Preparation of Requests For Proposals and review of responses before entry into a new market or established market review covering all aspects of service delivery. A bespoke Service Level Agreement summarises minimum standards to be delivered benchmark service delivery and performance.
Other
- Troubleshooting
- Root cause analysis
- Policy & procedures writing/review
- Business process flows
- Senior management support
- Special projects
- Onsite visits, service reviews
- Accompanying clients on site visits to high-risk centres such as Nigeria.
Agnos Consulting
Payments Network Infrastructure
Experienced in identifying relevant global and regional bank partners for liquidity sourcing, international payments and collections. We have a granular understanding of risk appetite across a wide variety of financial institutions, including those with an appetite for high-risk and hard-to-place verticals.
Nostro Network Management
Nostro bank, Payment Service Provider market reviews. Preparation of RFPs, review responses and make recommendations. Contract, fee negotiation and Service Level Agreements drafted to be used in formal service reviews.
Infrastructure, Product Specification & Product Management
We assist you in articulating your payments strategy, customer journey, taking into account the use case and product features. Expertise across the product spectrum includes:
- Spot FX
- Currency hedging - Forwards
- Risk management
- Rate fixing and the timely capture of profit from FX
- Settlement and back-office functions
- Reconciliations and exception management
- Treasury
- Client Money, Safeguarding
- Consumer Duty
- Query management
- Agency Banking (dedicated sort codes addressable through the UK Clearing System)
- IBANs
- Virtual IBANS
- SWIFT membership, International SWIFT payments
- SWIFT GPI & Payment Status Tracking
- Correspondent banking
- Cross-border payments & collections
- Faster Payments
- Confirmation of Payee
- Workers Remittances
- Payroll services
- Cryptocurrencies & Stablecoins
- Multi-currency wallets
- Mobile Money schemes
- Pre-Paid Card Schemes, Acquirers, Processors
- Compliance with the Currency and Foreign Transactions Reporting Act of 1970 refrred to as the Bank Secrecy Act, sometimes known as the 'travel rule'
- Elimination of 'lifting fees'
- Vendor management
Liquidity Sourcing
Sourcing well-priced liquidity is key to providing competitive foreign exchange rates. Local currency liquidity sourced outside London and funded in GBP, USD or Euros often attracts tighter spreads. We can assist identifying potential liquidty providers, negotiating spreads, transaction fees, credit interest rates whilst eliminating other unscheduled deductions.
We also assist with Treasury Management and the timely capture of profit and its allocation to the P&L account.
AML Compliance & Assurance
- Design of payments orchestration and risk rating modules for consumers and corporates
- ID&V, Digital ID
- Transaction Monitoring
- Payment Screening: PEP, Sanctions, negative news
- Preparation of test plan scripts, testing and write up of results
- Compliance Assurance -sampling
- Quality assurance (internal audit)
- Quality assurance (external audit)
- Fraud prevention
- Suspicious Activity - What money laundering actually looks like.
Technology
- SaaS
- APIs
- Digital wallets
- Cloud
- H2H
- Change management