Latest news with #DeltaCapita
Finextra
02-07-2025
- Business
- Finextra
Delta Capita debuts OTC matching service on fragmos Chain
Delta Capita, a global leader in financial services technology and managed services, today launches Elaris OTC, a next-generation global solution designed to streamline and modernise post-trade processes for OTC Derivatives. 0 The OTC derivatives market, valued at approximately $700 trillion according to the Bank for International Settlements (BIS), remains fragmented, with an estimated 20% of trades still confirmed and settled manually. Elaris OTC addresses this inefficiency by offering a fully digitised, automated, interoperable solution. Powered by Fragmos Chain, Elaris OTC is a technology platform that enables seamless and fully automated matching of OTC derivatives trades and lifecycle events between market participants, and achieves interoperability by translating native client messaging formats into the Common Domain Model (CDM) standard. This allows institutions to reduce operational costs and risk significantly while supporting all asset classes and lifecycle events. Crucially, Elaris OTC is more than just a platform: it can be combined with Delta Capita's global OTC confirmation and settlement services to extend automation beyond platform participants. This combination enables users to capture and manage interactions with all counterparties - whether or not they use the platform, and leverages Delta Capita's established service model to deliver straight-through processing and control across the full spectrum of post-trade activity. Mark Aldous, Global Head of Capital Markets Managed Services at Delta Capita, stated: 'This end-to-end offering brings together best-in-class technology and proven operational capabilities. Fully digital, CDM-aligned, and scalable, Elaris OTC sets a new standard for the industry.' Daniel Ivanier, CEO of Fragmos Chain, commented: 'Our technology now powers a truly global post-trade solution. By integrating with Delta Capita's services, Elaris OTC delivers immediate impact and accelerates adoption for both sell side and buy side firms.' This launch builds on Delta Capita's momentum in capital markets innovation, following recent strategic acquisitions and advancements in capital markets technology. It reinforces Delta Capita's role as a trusted partner to global financial institutions seeking scalable, efficient solutions in an ever-evolving market. Elaris OTC follows Delta Capita's multi-year agreement to deliver post-trade OTC derivative services globally for HSBC.
Finextra
08-05-2025
- Business
- Finextra
Capgemini launches perpetual KYC sandbox
French IT services and consulting company Capgemini is claiming an industry-first after releasing its perpetual KYC (pKYC) sandbox. 2 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. According to Capgemini, the tool enables financial services companies to migrate from so-called static KYC processes towards a 'perpetual' or fully-automated approach. The sandbox provides a 'secure test environment' for firms to model and monitor the migration to a perpetual process and the potential benefits in terms of operational management. One of these benefits, according to Capgemini, is a potential reduction in fraud give that a static KYC offers opportunities for fraudsters to engage in money laundering. 'Static KYC processes present opportunities for financial criminals to exploit gaps and weaknesses,' said Manish Chopra, global head of risk and financial crime compliance at Capgemini. 'The pKYC sandbox capability marks a significant advance for industry compliance, meeting regulators' growing expectations of responsible innovation.' KYC compliance has become a costly and time-consuming process for firms ever since its introduction. The launch of the KYC sandbox comes weeks after Capgemini acquired Dutch regtech Delta Capita as the French firm looks to expand its portfolio of financial crime and compliance products.
Yahoo
02-05-2025
- Business
- Yahoo
Capgemini launches KYC sandbox for financial institutions
Capgemini has launched a know your customer (KYC) sandbox designed to assist financial institutions in shifting from outdated, manual review processes to continuous, data-driven KYC models. Created in partnership with various technology firms, this framework supports both perpetual KYC (pKYC) and event-triggered assessments. It enables organisations to safely test these new approaches in a controlled setting. The sandbox provides a secure environment to help firms explore how pKYC systems function before full deployment. It also allows stakeholders to evaluate performance and present outcomes to compliance leaders and regulators. This initiative supports the broader movement towards more responsive and automated regulatory practices. The tool is intended to offer real-time alerts when key customer information changes, affecting risk profiles. This dynamic approach allows firms to reassess exposure promptly, helping maintain compliance with AML standards. A continuous monitoring framework can lead to faster response times and improved oversight, the company said. To comply with evolving regulations, financial firms must integrate data from internal and external sources. Capgemini's sandbox helps consolidate these inputs, enabling firms to trial technology and processes together. It aims to reduce risks during transitions while validating outcomes efficiently. Designed with flexibility in mind, the platform can be deployed across different cloud services and technical environments. Its modular structure makes integration with existing systems more straightforward. Organisations can customise the setup based on their infrastructure and regulatory priorities. Key features include a protected space for experimentation, minimising risk to live data and systems. It supports the evaluation of KYC strategies using tools from leading regulatory technology providers. The platform allows users to see the pKYC model in action, aiding discussions with oversight bodies. Capgemini says the sandbox helps firms identify operational inefficiencies before large-scale adoption. Early testing allows teams to refine workflows and demonstrate business impact more quickly. It also assists in building the case for investment in ongoing KYC solutions. This development adds to Capgemini's existing services in compliance, fraud prevention, and risk control. It follows the company's acquisition of Delta Capita, a European consultancy with KYC transformation expertise. Delta Capita enhances Capgemini's offering through its specialised focus on financial crime compliance. Capgemini Risk and Financial Crime Compliance Global head Manish Chopra said: 'Static KYC processes present opportunities for financial criminals to exploit gaps and weaknesses for money laundering and other fraudulent activities, creating a continuous risk factor for financial institutions. 'We firmly believe that perpetual KYC is the approach needed to protect financial institutions from undue risk, enforcement actions, and large fines. 'The pKYC sandbox capability marks a significant advance for industry compliance, meeting regulators' growing expectations of responsible innovation. It is an actionable measure for financial institutions to demonstrate how they are mitigating inherent risk exposure more effectively.' "Capgemini launches KYC sandbox for financial institutions" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
