JJCFinTech has partnered with Delta Capita for know-your-customer (KYC) and anti-money laundering services (AML).
Delta Capita’s KYC services were established last year through its alliance with Fenergo.
The service curates contract lifecycle management, robotic data sourcing, screening, analytics and transaction monitoring solutions in a central ecosystem.
Delta Capital’s service pre-integrated platform and managed service operations allow clients to address the pain points in their KYC and AML processes to improve compliance, digitise the customer journey and optimise their operations and technology.
For the partnership, Jon May, CEO of JJCFinTech, has joined Delta Capita’s KYC business board of directors as COO.
Previously, May served as CEO at KYC.com, and prior to that he worked as group head of regulatory and compliance services at IHS Markit.
May has also held several senior roles at Goldman Sachs.
Commenting on the partnership, May said: “This partnership offers something different to firms that are looking to transform their KYC/AML operations and technology without the burden of bringing together the components themselves. Our managed service solution is a pragmatic approach aimed at banks and investment firms that want a standardised platform quickly.”
Joe Channer, CEO and founder of Delta Capita, commented: “The joint venture brings additional expertise and acceleration to our KYC services business. JJCFinTech’s experience in the KYC space is unrivalled, with their knowledge and contribution to the strategic direction and management of the business, we are positioning ourselves for success.”
He added: “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 the flexibility to scale and ability to reduce cost through platform mutualisation.”
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