--- title: Prospering Continuous Collaboration with a Major European Financial Institution description: The client has been using several contractors to work with Capital Markets to help build an API to process data and display this information in a GUI. But contractors can be expensive and due to short notice periods and lack of affiliation can often leave with little or no notice. image: https://marketing.albanybeck.com/hubfs/london.jpg --- [Skip to content](https://marketing.albanybeck.com/case-studies/prospering-continuous-collaboration-with-a-major-european-financial-institution#main-content) # Prospering Continuous Collaboration with a Major European Financial Institution Author: [Albany Beck](https://marketing.albanybeck.com/case-studies/author/albany-beck) Read Time: 1 Min Read ![](https://marketing.albanybeck.com/hs-fs/hubfs/london.jpg?width=1280&name=london.jpg) ## Key achievements - ​Six Pioneer consultants on-boarded initially - Mentored by two senior Practitioners - Now supporting six different areas across the institution - 15+ consultants deployed since the initial engagement ## Challenge The client has been using several contractors to work with Capital Markets to help build an API to process data and display this information in a GUI. But contractors can be expensive and due to short notice periods and lack of affiliation can often leave with little or no notice. This means IP leaves the business exposing knowledge gaps and delaying important milestones and deliveries. Albany Beck was selected as a more effective (and cost-effective) alternative. ## Solution We partnered with Capital Markets to identify and overcome resourcing challenges. At an interviewing session, suitable Pioneers were selected along with highly experienced Practitioner mentors to provide support and ensure no extra strain was placed on the client’s own management team.  The incoming consultants were originally aligned to a Data Engineering training programme but were redirected to focus more on Java and Apache Kafka, and we were able to accommodate this late change of plan without breaking stride. All training was completed prior to onboarding and an ongoing upskilling plan put in place to ensure immediate impact on the project.  Albany Beck was also able to support Diversity and Inclusion with 33% of selected consultants identifying as female and over 60% from ethnic minority backgrounds. ## Results Albany Beck delivered on the client's brief by providing two Senior Practitioners to mentor six Pioneers. Having exceeded pre-defined deliverables across two projects, the client has reduced their reliance on expensive contract resources. Instead, Albany Beck are now engaged with the client in over six different business areas. ### Recent - [ Delivering Checkout Microservices On Time for a Retail Giant ](https://marketing.albanybeck.com/case-studies/delivering-checkout-microservices-on-time-for-a-retail-giant) - [ Proving the Future of Payments: From Overnight Batches to Event-Driven Microservices ](https://marketing.albanybeck.com/case-studies/proving-the-future-of-payments-from-overnight-batches-to-event-driven-microservices) - [ Accelerating Infrastructure Migration to Kubernetes with Zero Bottlenecks ](https://marketing.albanybeck.com/case-studies/infrastructure-migrations) - [ Implementing a New Target Operating Model ](https://marketing.albanybeck.com/case-studies/implementing-a-new-target-operating-model-tom-for-a-major-wealth-management-firm) Share This [mailto:?subject=Prospering%20Continuous%20Collaboration%20with%20a%20Major%20European%20Financial%20Institution&body=Read%20this%20post:%20https://marketing.albanybeck.com/case-studies/prospering-continuous-collaboration-with-a-major-european-financial-institution](mailto:?subject=Prospering%20Continuous%20Collaboration%20with%20a%20Major%20European%20Financial%20Institution&body=Read%20this%20post:%20https://marketing.albanybeck.com/case-studies/prospering-continuous-collaboration-with-a-major-european-financial-institution) [![](https://marketing.albanybeck.com/hs-fs/hubfs/sean-pollock-PhYq704ffdA-unsplash.jpg?width=1080&name=sean-pollock-PhYq704ffdA-unsplash.jpg) ](https://marketing.albanybeck.com/case-studies/completion-of-a-period-review-backlog-for-a-multinational-financial-institution) #### Completion of a Period Review Backlog for a Multinational Financial Institution Key achievements Successful completion of the Periodic Review backlog by the May 2023 deadline. Deployed 27 consultants, 40% of whom transitioned to permanent staff. Extended team scope to include new KYC system implementation and 2023 review cycle. Challenge A multinational financial institution faced a growing backlog in their KYC Periodic Review (AML) due to stricter regulations and a local talent shortage. Their in-house teams in Dublin and Amsterdam lacked the capacity needed to meticulously review and enhance 1,300 client profiles within six months, to maintain compliance and integrate a new KYC software solution. They also needed to boost their team to deal with ongoing workloads and maintain high standards. [ Read More ](https://marketing.albanybeck.com/case-studies/completion-of-a-period-review-backlog-for-a-multinational-financial-institution) [![](https://marketing.albanybeck.com/hs-fs/hubfs/jared-lisack-28uU9KtnTE0-unsplash.jpg?width=1080&name=jared-lisack-28uU9KtnTE0-unsplash.jpg) ](https://marketing.albanybeck.com/case-studies/boosting-a-top-tier-investment-firms-aml-compliance-team) #### Boosting a Top-Tier Investment Firm’s AML Compliance Team Key achievements 100% success rate meeting all AML and KYC service targets. Developed future-proof policies and procedures, ensuring ongoing compliance. Strengthened key investor relationships, positioning the firm for continued growth. Enabled the client to capitalise on opportunities in the evolving AIF market. Challenge Our client wanted to make sure it maintained high AML standards for its complex AIFs domiciled in Luxembourg, while it underwent an organisational transformation. It also wanted to develop policies and procedures that would enable it to provide its know your customers (KYC) service effectively day-to-day and adapt to shifting demands in the future. [ Read More ](https://marketing.albanybeck.com/case-studies/boosting-a-top-tier-investment-firms-aml-compliance-team) [![](https://marketing.albanybeck.com/hs-fs/hubfs/rodeo-project-management-software-ONe-snuCaqQ-unsplash.jpg?width=1080&name=rodeo-project-management-software-ONe-snuCaqQ-unsplash.jpg) ](https://marketing.albanybeck.com/case-studies/rationalisation-of-submissions-process) #### Enhancing Submissions Processes Through Cross-Functional Collaboration [ Read More ](https://marketing.albanybeck.com/case-studies/rationalisation-of-submissions-process) ![](https://px.ads.linkedin.com/collect/?pid=4593538&fmt=gif) ![](https://px.ads.linkedin.com/collect/?pid=4593538&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Albany Beck", "url" : "https://marketing.albanybeck.com/case-studies/author/albany-beck" }, "dateModified" : "2025-03-05T16:47:51.809Z", "datePublished" : "2022-08-31T14:58:15.000Z", "headline" : "Prospering Continuous Collaboration with a Major European Financial Institution", "image" : [ "https://marketing.albanybeck.com/hubfs/london.jpg" ], "mainEntityOfPage" : { "@id" : "https://marketing.albanybeck.com/case-studies/prospering-continuous-collaboration-with-a-major-european-financial-institution", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://marketing.albanybeck.com/hubfs/AB_Logo-Lock-up_Sky-Blue.png" }, "name" : "Albany Beck Worldwide Ltd" } } ```