Delta Capita buys Client On-Boarding solution from LSEG
UK-based Delta Capita has acquired Client On-Boarding, an end-to-end KYC client lifecycle management compliance solution, from the London Stock Exchange Group (LSEG) for an undisclosed sum.
Delta Capita buys Client On-Boarding from LSEG
Delta Capita, a capital markets consulting, managed services and technology provider headquartered in London, says its new acquisition will complement its existing Karbon suite, which contains a range of different KYC services, tools and solutions.
Philip Freeborn, co-head of global markets and wholesale banking services for Delta Capita, claims the purchase will extend the suite’s capabilities with “full enterprise grade CLM technology, due-diligence and client outreach services”.
“This allows clients to simplify their businesses, achieve a price per file model and reduce compliance risk at a time when the regulatory burden continues to dominate investments,” he adds.
The entirety of Client On-Boarding’s client portfolio, which includes institutions from the UK, Europe, North America, Hong Kong and Australia, has migrated to Delta Capita, with LSEG to continue leveraging the technology as a client.
Joe Channer, CEO of Delta Capita, says the addition of Client On-Boarding into its suite “reinforces our KYC client lifecycle credentials” and will enable clients to better meet their KYC and CLM compliance obligations.
