Delta Capita buys KYC and CLM solution Client On-Boarding

03 May 2024 Consultancy.uk 2 min. read
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Delta Capita has expanded its capabilities in the area of Know Your Customer (KYC) through the acquisition of Client On-Boarding from London Stock Exchange Group (LSEG).

Client On-Boarding (formerly known as GoldTier) is an end-to-end KYC client lifecycle management solution that helps banks and financial services institutions with running their KYC compliance processes.

Under the arrangement, Delta Capita has acquired the Client On-Boarding technology as well as its client base, which includes financial institutions across the UK, Europe, North America, Singapore, Hong Kong and Australia.

Delta Capita buys KYC and CLM solution Client On-Boarding

Commenting on the deal, Joe Channer, Delta Capita CEO, said: “This acquisition reinforces our KYC client lifecycle credentials and positions us not only as one of the largest service providers in this sector, but will allow us to provide best in class technology to help our clients with their full KYC and CLM compliance obligations.”

This acquisition forms part of Delta Capita’s strategy to offer an end-to-end capability in the area of KYC. The addition complements the firm’s technology and managed services capabilities and will operate alongside its existing Karbon suite of KYC client lifecycle compliance services, tools, and solutions.

“There is growing demand from our clients for a full managed service offering in KYC and Client Lifecycle Management,” said‍ Philip Freeborn, Co-Head of Global Markets and Wholesale Banking Services at Delta Capita. “With Client On-Boarding, Delta Capita can now provide additional services, including 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.”

This transaction follows the purchase of the capital markets wing of blockchain firm SETL (2023) and the acquisition of JDX. The international financial services consultancy is backed by Prytek, a Singapore-based investment group.