Used by Delta Capita to publish ‘Company News’ posts to the Publications section / the homepage of the main website.

London, 30th June, 2020: Delta Capita, a global provider of managed services, fintech solutions, and consulting, has launched a client lifecycle management (CLM) platform that enables financial institutions to cut their operational costs by up to 40%.

Technology and operating costs typically run into the millions of dollars every year and banks have traditionally deployed thousands of people across multiple locations to carry out Know Your Customer (KYC) tasks. Using advanced AI/machine learning tools, Delta Capita’s CLM platform, Karbon, speeds up the process of gathering information and decision making from days to minutes.

Karbon provides automated sourcing and aggregation of client information with ongoing monitoring (enabling perpetual KYC). This capability combined with its configurable workflow, rules, screening and reporting, ensures that AML prevention is significantly enhanced.

Commenting on the launch of Karbon, Gary McClure, former HSBC executive now Head of Delta Capita’s CLM business said: “Until now, a typical  bank analyst has spent far too much time gathering information on the suitability of current and potential clients.”

“Our new Karbon platform structures data in a way that means analysts can focus their efforts on carrying out detailed due diligence on company data, adding real value to the analysis, instead of spending much of their time inputting data into a system.”

The CLM managed service and Karbon solution is part of Delta Capita’s strategic managed services strategic suite of offerings including Structured Products, Pricing & Risk and Post Trade Services.

Joe Channer, Chief Executive Officer at Delta Capita, commented: Following Delta Capita’s success in bringing to market several recognised industry managed service solutions, I am delighted at the launch of Karbon, which reinforces our drive to provide innovative capital markets technology, enabling utility efficiencies and cost mutualisation.”

Delta Capita Group recently secured a $150m investment from Prytek Holdings, enabling the firm to further expand as one of Europe’s leading service providers and fintech hubs.

Andrey Yashunsky, Managing partner of Prytek Investment Holdings, added: “We are very pleased to be working with Delta Capita, creating innovative technology such as Karbon.”

Karbon is live and operational, supplementing Delta Capita’s existing Client Lifecycle Management (CLM) business. The managed services business involves Delta Capita’s expert practitioners carrying out KYC operations for banks on the Karbon platform, while the remediation service assigns the practitioners work on-site with the banks existing KYC team.

Interested parties can click here to visit the website, where they can watch a short intro video, and request a demo.

London 19 May 2020 – Delta Capita, the international business & technology consulting and managed services firm, today announced that it has extended its collaboration with The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, to help market participants meet their Securities Financing Transactions Regulation (SFTR) trade reporting requirements. Through this collaboration, clients of DTCC’s Global Trade Repository (GTR) service for SFTR will be able to directly leverage Delta Capita’s buy-side data test pack, streamlining the testing process for DTCC’s GTR users to promote readiness for the forthcoming mandate.

The Delta Capita industry standard test pack, developed with a consortium of banks and agent lenders, is now available for asset managers, hedge funds and other buy-side firms for their SFTR testing. Clients of DTCC’s GTR service who license the test pack will have access to securities financing transactions life-cycle event test scenarios, including the expected results, to help identify issues and accelerate testing ahead of SFTR go live.

The pack comes with an online traceability module – linking SFTR test cases to the regulatory and industry technical standards, European Securities and Markets Authority (ESMA) rules and industry best practice. Firms can also benchmark their testing progress within their peer group.

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London, 27 April 2020 – Delta Capita, the international business & technology consulting and managed services firm, today announces that it will collaborate with UnaVista, London Stock Exchange Group’s regulatory reporting platform, to help firms meet the requirements of SFTR. Through the collaboration UnaVista customers will be able to access Delta Capita’s SFTR data test pack.

As announced in 2019, Delta Capita has created a consortium of sell-side banks to establish a standardised SFTR industry test pack.  SFTR regulation mandates buy-side firms to report SFTR transactions from 12th October 2020, following the postponed go live of the regulation from July 2020.

The Delta Capita industry standard test pack gives firms a comprehensive model of SFTR scenarios, events, reports and validation rules. It’s fully traceable to the RTS / ITS, ESMA rules and best practice. So it’s immediately faster, lower cost and more robust compared with firms doing it for themselves.  The pack includes all the trade and reference data that firms need for testing – plus expected results, so firms can confidently diagnose issues that need fixing. Firms can also benchmark how their testing compares against their peer group.

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London, 22 March 2020 – Delta Capita Group, a global consulting, solutions and managed services provider, has secured a $50m equity investment from Prytek Holdings and gained access to over $100m of capital for future acquisitions and funding for client transactions. The investment enables Delta Capita to further expand as one of Europe’s leading service providers and fintech technology hubs.

Prytek, the multinational corporation headquartered in Singapore, focuses on technology investments and operations-as-a-service companies, with a $300m diverse portfolio across fintech, edutech, artificial intelligence, cyber security and human resources. Following this transaction, Delta Capita will become the financial services arm of Prytek, bringing a range of innovation and technology to its clients.

Prytek’s Managing Partner, Andrey Yashunsky says, “Delta Capita has a unique combination of experience in Financial Services and technology innovation capability allowing it to offer outstanding managed services and solutions to its clients. Delta Capita will now benefit from access to the 35 innovative technology companies across the Prytek Group.”

Delta Capita’s CEO Joe Channer says, “Access to Prytek’s capital and growing portfolio, provides further leverage for Delta Capita and its growth as one of Europe’s largest fintech solutions and service providers.”

Delta Capita has recently been recognised by the Financial Times as one of the fastest growing businesses for 2020. This announcement follows the recent appointments of a number of high profile industry leaders including:

  • David Long (Board Member)
  • Philip Freeborn (Head of Pricing and Risk Services)
  • Gary McClure (Head of KYC Services) and
  • Gary Bullock (Head of Post Trade Services)

For further details please contact:

  • Prytek: Hedan Orenstein (hedan@ohpr.co.il)
  • Delta Capita: Lindsay Jones (lindsay.jones@deltacapita.com)

London, 9 September 2019 – Delta Capita, the international business and technology consulting and managed services firm, has today announced it is collaborating with The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, to help market participants meet their Securities Financing Transactions Regulation (SFTR) trade reporting obligations.

Delta Capita’s banking consortium is creating a standardised SFTR industry test pack. Under this new collaboration, Delta Capita will make the test pack available to DTCC to test its own SFTR matching and reporting service prior to launch. DTCC opened user-acceptance testing with industry vendors on August 30, 2019.

Clients of DTCC’s Global Trade Repository (GTR) service for SFTR – who independently license the consortium’s test pack – will benefit from knowing the service has already been tested, reducing their own testing effort and costs and ensuring readiness for trade reporting. Furthermore, DTCC will make its data transformation services available to Delta Capita’s banking consortium to assist with the creation of trade repository (TR)-ready ISO 20022 SFTR reports.

David Field, head of securities finance practice at Delta Capita, said: “Our test pack will provide full traceability to the European Commission’s regulatory technical standards (RTS), the European Securities and Markets Authority (ESMA)’s guidance, and best practices across repo, sell/buy-back and stock borrow/loan. It will provide users with the test data, test instructions and expected results to conduct their user acceptance testing (UAT), and to test with their counterparts, trading venues, service providers, central counterparties (CCPs), tri-party agents and trade repositories. Consortium members will be able to benchmark their testing run and pass rates to highlight any areas for review and remediation.”

Val Wotton, managing director, product development and strategy, repository & derivatives services (RDS) and collateral management at DTCC, said: “This new collaboration will provide a first-class testing experience for our clients. We are delighted to continue working with Delta Capita to ensure that our clients are well-prepared to meet their SFTR obligations.”

The consortium output can help any firm strengthen their SFTR testing in line with industry leaders. To find out more please see https://deltacapita.com/news/delta-capita-forms-sftr-testing-consortium and contact david.field@deltacapita.com.

London, 4 July 2019 – Gary McClure has joined financial services professional services firm Delta Capita in its London office. The former HSBC executive will head Delta Capita’s KYC services business starting in September. 

“Gary’s industry experience in financial crime and KYC operations will provide the right leadership. We are very pleased that Gary is joining,” said Joe Channer, Delta Capita’s founder and chief executive.

McClure brings over 25 years of industry experience to the London-headquartered consultancy. Most recently, he was a Managing Director at HSBC, responsible for the global KYC operations function across investment, commercial and retail banking. Prior to that he headed up client onboarding at Barclays Capital and was an Executive Director in UBS’s global banking and markets operations business covering KYC and client data operations. McClure started his career in consulting at PwC, and later on also served Big Four rival KPMG prior to moving into banking.

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London, 2 July 2019 – Delta Capita, the international business & technology consulting and managed services firm, Pirum Systems and IHS Markit, announced today they will cooperate with an industry testing consortium to help firms meet the requirements of SFTR.

Delta Capita recently announced the creation of a consortium of banks to establish a standardised SFTR industry test pack. Under this new collaboration, Delta Capita will make the test pack available to IHS Markit and Pirum to support testing and provide feedback to the consortium.

Customers of the joint IHS Markit and Pirum SFTR solution who have independently licensed the consortium test pack will benefit from knowing the service has been reviewed by the SFTR solution providers, raising confidence in the service and potentially reducing their own testing effort and costs.

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London and Frederick, MD, 18 June 2019 HighGear, a leading no-code workflow automation platform provider, today announced its strategic partnership with Delta Capita, the fastest growing financial services consultancy in Europe, to provide fintech and workflow automation solutions to the European financial services sector.

By combining the unprecedented speed of HighGear’s no-code workflow automation platform with Delta Capita’s business consulting, technology and managed services expertise, customers in the financial services, banking and insurance industries will be able to improve efficiency, streamline operations and accelerate digital transformation.

 

 

 

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London, 12th June 2019 – Delta Capita, the international Financial Services consulting and managed services firm, has appointed Emerson Boix to lead the Securities Financing Transactions Regulation (SFTR) Test Consortium technical implementation.  He will be based at Delta Capita’s global headquarters in Canary Wharf, London.

Emerson brings more than 20 years’ banking experience ranging from the design of collateralised repo obligations for Barclays Capital to operational experience across corporate actions, dividends, recalls and collateral re-use at Citibank.  Emerson most recently worked on securities finance projects, defining target operating models in preparation for BREXIT and performing SFTR impact assessments.  In the last decade Emerson has worked on almost all regulatory changes from Basel II, EMIR and MiFID I to a global implementation of MiFID II for Bank of America Merrill Lynch (BAML) as their regulatory subject matter expert.

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London, 9th May 2019 – Delta Capita has formed an industry working group to mutualise the costs of preparing for the Securities Financing Transactions Regulation (SFTR).

As part of the preparations, Delta Capita held various workshops involving 50 repo, stock lending and testing experts to agree on a strategy for SFTR testing.

The working group includes prime brokers and agent lenders and is in active discussions with the industry trade associations, service providers and trade repositories.

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