Capgemini has acquired 100% of the share capital of Delta Capita BV and its fully owned subsidiary Delta Capita Academy BV, the Netherlands based subsidiary of Delta Capita Group Ltd. that specializes in Financial Crime Compliance (FCC) services. This acquisition, Capgemini’s second in 18 months in the FCC space, will position the Group as the global partner of choice for KYC and FCC transformation. It strengthens Capgemini’s European offerings in financial crime, risk management and regulatory compliance services, complementing its already strong capabilities in Romania, Poland, India and the UK. The acquisition signing and closing took place simultaneously on April 16.
Located in the Netherlands, Delta Capita BV and its fully owned subsidiary Delta Capita Academy BV comprise a team of 200+ KYC analysts and consultants all accustomed to operating within complex legal and regulatory frameworks. The team helps clients to take a strategic approach to regulation, specializing in Know Your Customer, anti-bribery & corruption, and risk management policy and control frameworks. Its client roster includes major banks, insurers and pension firms, all highly complementary to Capgemini’s.
The team’s deep-domain expertise coupled with its multi-lingual capabilities will enable Capgemini to provide 1st, 2nd and 3rd line of defense advisory and managed services capabilities in FCC. Notably, to meet growing demand among its European financial services clients for complex and standard regulatory services, as well as Dutch pension legislation.
“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,” comments Kartik Ramakrishnan, CEO of Capgemini’s Financial Services and Group Executive Board Member. “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. I am delighted to welcome them to Capgemini.”
“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,” said Tom Kastelein, CEO of Delta Capita BV. “Capgemini’s global scale, partner ecosystem and well-established financial services expertise, were a natural fit for our team in terms of complex project scope and global client base. We are very happy to be joining the Group.”
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