Capgemini has announced the acquisition of Delta Capita BV, along with its wholly owned subsidiary Delta Capita Academy BV, based in the Netherlands.
The financial terms of the deal were not disclosed.
The deal was executed by Capgemini to enhance its financial crime compliance (FCC) services across Europe. It marks Capgemini’s second investment in the FCC sector within 18 months and is said to reinforce the group’s position as a preferred global partner for Know Your Customer (KYC) and FCC transformation initiatives.
The acquisition positions Capgemini to further assist banking, insurance, and pensions firms in Europe to comply with critical KYC regulatory standards and navigate intricate local legislations effectively.
Delta Capita CEO Tom Kastelein said: “Financial crime mitigation, risk management and regulatory compliance are business critical for the financial services industry and firms are now seeking comprehensive solutions for their end-to-end FCC transformation and ongoing management.
“Capgemini’s global scale, partner ecosystem and well-established financial services expertise were a natural fit for our team.”
The acquisition brings a team of over 200 KYC analysts and consultants from Delta Capita into Capgemini’s fold.
These professionals possess expertise in complex legal and regulatory frameworks, and they support clients with strategic regulation approaches, including KYC, anti-bribery and corruption, and risk management policy frameworks.
The client base of Delta Capita comprises major banks, insurers, and pension firms, aligning well with Capgemini’s existing portfolio.
Capgemini financial services CEO and group executive board member Kartik Ramakrishnan said: “Financial crime compliance, by its very nature, requires an intimate knowledge of rapidly evolving local legislation. The acquisition of Delta Capita BV will position the Group as the global partner of choice in KYC transformation.
“Our end-to-end strategic business and technology services coupled with comprehensive KYC on, near and offshore capabilities, are complementary to this highly skilled Netherlands based team who will augment our European footprint for FCC.”
