Delta Capita has acquired LSEG’s Client On-Boarding solution as part of its drive to offer managed services and technology solutions to financial services firms.
Previously known as GoldTier, Client On-Boarding is an end-to-end know-your-customer (KYC) and client lifecycle management (CLM) compliance platform. It will be used in conjunction with Delta Capita’s existing Karbon suite, which consists of KYC client lifecycle compliance services, tools and solutions.
Following the mandate, the solution’s existing institutional clients in the UK, Europe, North America, Singapore, Hong Kong and Australia have migrated to Delta Capita. LSEG will remain a client of the service.
Joe Channer, CEO of Delta Capita, said:“This acquisition reinforces our KYC client lifecycle credentials. As a proven global provider, we are excited to invest in this area and provide services that go beyond the provision of technology to the market. This acquisition achieves that.”
Philip Freeborn, co-head of global markets and wholesale banking services at Delta Capita, added, “There is growing demand from our clients for a full managed service offering in KYC and CLM. Thanks to our latest acquisition, 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.”
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