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

Capify, an online lender specializing in SMEs, has recently announced securing a substantial £100 million credit facility with Pollen Street Capital, a UK-based alternative asset manager.

John Rozenbroek, serving as Capify’s CFO and COO, expressed enthusiasm for the new multi-year facility. He highlighted its role in expanding the lending capacity for SMEs ready to receive funding, while also enabling Capify to pursue its growth objectives. Rozenbroek emphasized the company’s commitment to enhancing platforms and customer experiences, aiming to streamline processes and accelerate decision-making for brokers and SMEs.

This achievement follows Capify’s previous success in securing a £75 million credit facility with Goldman Sachs in 2019.

Established in the US in 2002, Capify has since expanded its operations to Australia and the UK in 2008. The company offers a range of financial products, including merchant cash advance (MCA) and business loans, allowing merchants to repay their loans through manageable instalments.

David Goldin, the Founder and CEO of Capify, described the new credit facility as another significant milestone for the company. He emphasized that it underscores the strength of Capify’s business model and its commitment to providing swift, adaptable, and responsible support to SMEs in both the UK and Australia.

Source: fintechfutures.com