Bain & Company has acquired JJC FinTech, a London-based boutique financial services consulting and technology firm specializing in client lifecycle management and anti-financial crime.
Bain said the deal strengthens its ability to help financial services clients improve and accelerate their know-your-customer and anti-money-laundering processes, while delivering better customer experiences. The firm framed the acquisition as a response to rising pressure on financial institutions to provide scalable, digitized, customer-centric services while operating securely and efficiently.
With JJC’s capabilities, Bain said it can support end-to-end client lifecycle management programs, including KYC and AML transformations, building on Bain’s customer experience and operating model work and adding deeper implementation experience in financial crime and CLM programs.
Bain’s Financial Services practice works across banking, payments, insurance, wealth and asset management, and capital markets. The firm highlighted its broader focus on risk, technology, data and analytics, and digital transformation, including AI deployments, as part of its work with clients.
JJC FinTech’s founders said the firms have collaborated closely and positioned the combination to pair Bain’s strategy capabilities with JJC’s hands-on domain expertise in CLM and financial crime, driving execution and measurable client outcomes.
KEY QUOTES
“We are pleased to welcome the JJC team to the Bain family after several years of working closely together. This important deal will strengthen our ability to help FS clients improve their client lifecycle and KYC/AML processes and enable them to provide seamless customer experiences. We are seeing tremendous growth in supporting our clients, underpinned by our strategy, risk and technology capabilities – and this is another significant development in those efforts.”
Graeme Jeffery, Partner, Financial Services Practice, Bain & Company
“We are thrilled to be joining forces with Bain. Our successful collaboration over the last two years has shown that together we have been able to bring something uniquely differentiating to clients. Blending Bain’s world-leading strategic thinking with JJC’s deep practical industry expertise in the financial crime and Client Lifecycle Management domain will help turn clients’ ambitions into real world results.”
Jon May and Jon Wilson, Founders, JJC FinTech
