To enhance its global financial services company Client Lifecycle Management, KYC, and AML capabilities, Bain & Company has acquired JJC FinTech, a financial services consulting and technology company based in London.
As a result of the acquisition, Bain is now able to help banks and other financial services institutions transform their compliance operations to better manage the customer experience while the regulatory and operational pressures continue to increase.
The acquisition of JJC FinTech gives Bain eligible experience in financial services consulting to help alleviate a primary pressure point in the industry.
Financial services consulting JJC FinTech offers expertise on financial crime programs and CLM (client lifecycle management) execution.
This acquisition will allow Bain to integrate digital onboarding and ongoing monitoring throughout the customer experience lifecycle.
With its risk management and AI capabilities, Bain will primarily focus on delivering tangible results to its clients merged with JJC FinTech.
This will provide Bain with more time to concentrate on results and less time on the input to deliver a positive transformation for clients across all financial services verticals: banking, payments, insurance, wealth and asset management, and capital markets.
“We are pleased to welcome the JJC team to the Bain family after several years of working closely together,”
said Graeme Jeffery, Partner in Bain & Company’s Financial Services practice.
“This important deal will strengthen our ability to help financial services clients improve their client lifecycle and KYC/AML processes and enable them to provide seamless customer experiences.”
Bain said demand for compliance transformation is accelerating as institutions seek to manage risk, meet regulatory expectations, and improve efficiency without compromising customer experience.
JJC’s founders said the acquisition formalizes a collaboration already delivering results in the market.
“We are thrilled to be joining forces with Bain,”
said Jon May and Jon Wilson, Founders of JJC FinTech.
“Blending Bain’s strategic thinking with JJC’s deep practical industry expertise in financial crime and Client Lifecycle Management will help turn clients’ ambitions into real-world results.”
Further integration details are expected in the coming months as Bain scales the combined offering globally.
