Delta Capita, JJCFinTech partner for KYC/AML solution

Delta Capita, JJCFinTech have formed a strategic joint venture partnership specialising in KYC/AML, regulatory, tax and compliance services.

As part of this deal, JJCFinTech has become a joint venture partner to Delta Capita’s KYC services business, which was established last year in alliance with Fenergo.

By working together, the new service will benefit from enhanced CLM, robotic data sourcing, screening, analytics and transaction monitoring solutions. Its pre-integrated platform and managed service operations allow clients to identify vulnerabilities in KYC and AML processes and how to improve them. It also helps to digitise the customer journey and optimise operations.

The solution will be operated as a managed service on behalf of banks and investment firms, giving a standardised platform for KYC and AML functions and lowering the prices of compliance.

Delta Capita CEO and founder Joe Channer said, “Banks can no longer afford to act in a proprietary way when investing in non-differentiating common functions such as KYC. Delta Capita’s KYC service offering gives Clients access to an industry standard platform powered by leading technology on an outsourced operating model.

“Unlike other market offerings we are looking to provide a complete end-to-end solution that really takes the management burden and complexity away from the client. We achieve this by providing compliance as a service, with flexibility to scale and ability to reduce cost through platform mutualisation.”

As part of the deal, JJCFinTech CEO Jon May will join the Delta Captia board of directors as COO.

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