McKinsey & Company acquires Finalta

McKinsey & Company, a leading global management consultancy, has announced the acquisition of London-based Finalta, a financial services benchmarking and best practice firm.

More than 110 leading European retail banks use Finalta’s benchmarks in areas including sales effectiveness, customer service and multi-channel banking.

The 100% acquisition of Finalta further strengthens McKinsey’s capabilities as a provider of data analytics.

McKinsey has launched more than two dozen proprietary analytical tools in recent years to complement the firm’s traditional management consultancy services.

Originally founded in 2004, Finalta will continue to operate independently, and under its own name, as a wholly owned subsidiary of McKinsey.