- Acquisition Details: 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). The financial terms of the deal remain undisclosed.
- Strategic Fit: Delta Capita, headquartered in London, sees the acquisition as a strategic move to complement its existing Karbon suite, which offers various KYC services, tools, and solutions.
- Extended Capabilities: Philip Freeborn, co-head of global markets and wholesale banking services for Delta Capita, highlights that the acquisition will enhance the suite’s capabilities by providing full enterprise-grade CLM technology, due diligence, and client outreach services.
- Client Portfolio Migration: The entirety of Client On-Boarding’s client portfolio, consisting of institutions from the UK, Europe, North America, Hong Kong, and Australia, has been migrated to Delta Capita. However, LSEG will continue to utilize the technology as a client.
- CEO’s Perspective: Joe Channer, CEO of Delta Capita, emphasizes that the addition of Client On-Boarding reinforces the company’s KYC client lifecycle credentials and enables clients to better fulfill their KYC and CLM compliance obligations.
