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

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.i)
  • Delta Capita: Lindsay Jones (lindsay.jones@deltacapita.com)

London, 12 February 2020 – Ahead of Securities Financing Transaction Regulation (SFTR) go-live, UnaVista has established collaboration with Delta Capita to provide UnaVista clients with access to the latest standardised SFTR data test pack with industry consensus.

SFTR regulation mandates firms to report SFTR transactions from April 2020. Testing prior regulatory reporting go-live is one of the most important aspects of preparation.

Why Testing?

Failure to test properly can lead to more breaks, operational delays and potential sanctions.

By using this industry-standard test pack, UnaVista clients are able to thoroughly test and prepare for SFTR, by utilising all the tools they might need for this, including:

  • comprehensive model of scenarios, events and validation rules; all traceable to ESMA’s RTS and ITS (approximately 5,000 field level tests and 240 test events),
  • all of the trade and reference data that are needed to test,
  • the expected results to help diagnose any issues,
  • peer group benchmarking of your test progress.

Testing can be difficult, but the Test Pack is designed to ensure you can save time and have confidence you are using the industry consensus for your results.

  • It provides full traceability to help with audits
  • It can evolve when the rules change
  • It is widely accepted, being already used by 10+ large sell-side firms

The SFTR Test Pack includes:

  • A generic interactive standardised model of SFTR business scenarios (html format) providing clients with a holistic integrated navigable view of:
    • traceability from authority source (e.g. RTS)
    • product business scenario definitions (e.g. cleared / uncleared)
    • life cycle events (e.g. recalls, returns, corporate actions)
    • event / report triggers (which SFTR reports are triggered by which events)
    • data attributes per report with conditionality and validation rules
  • A set of standard test trades and supporting data (CSV format) selected by the client for use in its UAT
  • A set of expected results (CSV and ISO20022 format) based on the standard test trades and supporting data containing the SFTR reports that should be produced by the client’s systems
  • Benchmark information comparing client test progress with anonymised results from other clients
  • All Test Pack artefacts will be made available for download from a secure site

The Test pack scope:

  • Product scope includes: repo, securities borrow/loan (stock and commodities), buy/sell back and all counterpart pairs, scenarios and life cycle events defined in the SFTR Test Pack Strategy
  • Product scope excludes: Securities Borrow/Loan (SBL) clearing; margin lending and collateral re-use (cash re-investment and funding sources)

For more information, or a demo of the SFTR Test Pack, please click here & fill in your details on the form provided.

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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London, 11 April 2019 – Jan Scibor-Kaminski, formerly Managing Director of Euromoney’s Structured Retail Products business, has joined financial services consultancy Delta Capita as the firm’s Global Head of Sales. Scibor-Kaminski is based in Delta Capita’s London office. 

“We are very pleased that Jan is joining our executive management team. His industry experience will help build a world-class sales and account management organisation that provides a differentiating client engagement experience,” said Joe Channer, Delta Capita’s founder and chief executive.

Scibor-Kaminski brings more than 15 years of industry experience to the management and technology consulting firm. Previously, he was a Partner at Neudata, a data intelligence provider for the financial services industry, and Managing Director of Euromoney’s Structured Retail Products business – one of the fastest-growing businesses within its portfolio – for which he had full P&L responsibility. During his 6+ year tenure, Scibor-Kaminski led the unit’s growth into a multi-million turnover business and helped the firm position itself as a data and analytics leader for the structured products industry.

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London, 18 March 2019 – Delta Capita, the international FS consulting and managed services firm, has hired Philip Freeborn as Group Chief Information Officer (CIO) to head its global technology advisory practice and lead the development of its managed service technology platform.

He will join Delta Capita’s ExCo and be based at their UK headquarters in Canary Wharf, London.

With more than 30 years’ industry experience, Freeborn has previously been Chief Technology Officer (CTO) and CIO at UBS Investment Bank and CIO at Barclays Investment Bank, responsible for IT and Operations for both the Investment Banking and Wealth businesses.

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