UK-based Delta Capita has completed the acquisition of Client On-Boarding, an end-to-end KYC (Know Your Customer) client lifecycle management compliance solution, from the London Stock Exchange Group (LSEG). The financial terms of the transaction have not been disclosed.
Delta Capita, a leading provider of capital markets consulting, managed services, and technology solutions headquartered in London, views this acquisition as a strategic addition to its existing Karbon suite. The Karbon suite offers a comprehensive range of KYC services, tools, and solutions.
Philip Freeborn, co-head of global markets and wholesale banking services at Delta Capita, emphasizes that the acquisition will enhance the suite’s capabilities by incorporating full enterprise-grade CLM (Client Lifecycle Management) technology, due diligence, and client outreach services. He highlights the benefits for clients, including streamlining business processes, adopting a price per file model, and mitigating compliance risk, particularly in the current regulatory environment.
All clients previously served by Client On-Boarding, spanning institutions across the UK, Europe, North America, Hong Kong, and Australia, have transitioned to Delta Capita. Meanwhile, LSEG will continue to utilize the technology as a client.
Joe Channer, CEO of Delta Capita, underscores the significance of integrating Client On-Boarding into their suite, stating that it strengthens their KYC client lifecycle credentials. He believes that this addition will empower clients to more effectively fulfill their KYC and CLM compliance obligations.
Source: fintechfutures.com
