Capco Collaborates With OpenAI to Enhance Innovation, Drive Efficiencies and Deliver Lasting Benefits to Financial Services Clients
This collaboration combines OpenAI's cutting-edge innovations with Capco's financial services domain and GenAI expertise to deliver powerful solutions that help clients achieve transformative results.
As part of its GenAI Infused strategy, Capco is leading by example in the adoption and application of GenAI tools and solutions across the financial services industry. Through this collaboration with OpenAI, Capco is further scaling the adoption of ChatGPT across its workforce and pioneering these GenAI tools to accelerate client delivery and execution at scale in real world use cases that are making a difference for our clients.
Annie-Marie Rowland, CEO of Capco, said: 'GenAI has the potential to transform how we deliver consulting value for our clients and how our clients operate their businesses. It is rare that a technology comes along that can fundamentally augment the way we work and how our clients work at the same time. Our deep expertise in navigating the regulatory, consumer and technical complexities of the financial services industry has uniquely positioned us to safely harness GenAI and leading tools like ChatGPT Enterprise effectively. In partnership with our clients, we have already seen the power of GenAI lead to transformative results when tailored to support our clients' strategy, operating model, processes and data architectures.
'By scaling the use of ChatGPT Enterprise across our organization, we've further equipped our teams to help clients respond to market trends, and develop leading-edge services, solutions and products with unprecedented speed – all while maintaining the security and governance framework essential in a highly regulated environment.'
Nicolai Skabo, EMEA Head of Sales, OpenAI, said: 'From boosting productivity to streamlining operations, to delivering new innovative solutions for clients, it's impressive to see the tangible impact AI is already having on Capco's business. And this is just the beginning, with the global roll out of ChatGPT Enterprise across the business, we expect to see even more teams benefit from this transformative technology.'
About Capco
Capco, a Wipro company, is a global management and technology consultancy specializing in driving transformation in the financial services and energy industries. Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco's cutting-edge ingenuity is brought to life through its award-winning Be Yourself At Work culture, our best in class thought leadership – including our most recent Capco Institute Journal of Financial Transformation, which is focused on GenAI – and our diverse talent. To learn more, visit www.capco.com or follow us on LinkedIn, Instagram, and YouTube.
or follow us on LinkedIn, Instagram, and YouTube.
SOURCE: Capco
Copyright Business Wire 2025.
PUB: 03/14/2025 01:00 AM/DISC: 03/14/2025 01:03 AM
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
AI-Ready Supply Chains Prove More Resilient Amid Rising Global Risk
AI adoption drives resilience, as 98% of mature users feel ready for geopolitical disruption, compared to 0% with no AI plans REDWOOD CITY, Calif., Aug. 5, 2025 /PRNewswire/ -- Ivalua, a global leader in spend management, today released the results of a U.S.-focused study revealing that U.S. supply chain leaders are facing mounting geopolitical disruption, yet the most resilient organizations are not retreating from innovation, but adapting their strategies to strengthen it. According to the survey of 100 supply & procurement decision makers, organizations are grappling with mounting pressures: 91% expect disruptions from new trade policies, and 85% say international instability is impacting decision-making. Yet, those that have embraced artificial intelligence (AI) are not just surviving, but leading. Preparedness appears to go hand in hand with innovation, according to respondents: 98% with fully deployed AI tools say they feel prepared for geopolitical risk, and nearly half describe themselves as very prepared. Preparedness drops sharply to 21% among those still implementing AI. Only 11% of those merely considering AI implementation feel very prepared to deal with disruption. And 0% for companies with no AI plans say they are prepared to deal with disruption. "The desire for AI adoption across organizations is strong, but geopolitical instability and rising costs are pressuring organizations to shift priorities," said Alex Saric, CMO of Ivalua. "There's a real risk that near-term disruption becomes a long-term excuse to pause innovation. However, risk is a constant in global supply chains, and the real differentiator is how leaders respond. The most resilient organizations adapt their strategies without abandoning them, acting decisively to innovate and strategically to become stronger and more competitive." Despite widespread AI implementation, as 77% of respondents say they are currently rolling out AI tools in procurement or supplier management, only 36% view AI as a top supply chain priority today. While many are currently focused on cost control and risk mitigation, these efforts don't have to come at the expense of innovation. In fact, the two should go hand in hand: 73% of U.S. company leaders agree they must invest more in technology to help identify and mitigate geopolitical risks. Yet, 65% of U.S. businesses say that trade policy uncertainty is causing them to pause or decrease investment. 59% still cite innovation as a priority, indicating that leaders aren't abandoning transformation, but many are adjusting timelines under pressure. The shift reflects a defensive posture in response to near-term threats, but the data suggest that innovation is translating into tangible business benefits for the most advanced organizations. Companies with mature AI strategies handle geopolitical risks and cost pressures better than those without. While 78% of unprepared companies expect profit hits from rising costs, this decreases to only 50% for well-prepared companies that share this concern. A notable gap also exists between C-suite and frontline managers, as 67% of owners and 56% of C-level executives say their organizations are "very prepared," only 17% of senior managers and 10% of junior managers agree — highlighting the need for clearer execution and communication across teams. Ivalua's findings suggest that innovation can be a powerful risk response. Rather than putting transformation on pause, resilient organizations are leveraging it to close preparedness gaps, strengthen operations and build competitive advantage during uncertain times. About the ResearchSapio Research conducted the survey on behalf of Ivalua in April 2025. The survey was based on responses from 100 Supply & Procurement decision makers in the United States. About Ivalua Ivalua is a leading provider of cloud-based, AI-powered Spend Management software. Our unified Source-to-Pay platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, improving sustainability, lowering risk and boosting employee productivity. We are trusted by hundreds of the world's most admired brands and recognized as a leader by Gartner and other analysts. Learn more at Follow us on LinkedIn and X. Global Media Contact Corporate Communications media@ View original content to download multimedia: SOURCE Ivalua Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19 minutes ago
- Business Wire
CFEX Secures New Funding to Accelerate the Rollout of Key Energy Transaction Technology
SAN FRANCISCO--(BUSINESS WIRE)--CFEX, Inc. announced today that it has secured a new round of investment led by Mobilize Energy Capital, a leading energy technology fund. TSV Capital, an AI-focused venture fund, and Accurant International, CFEX's current investor, also participated. The new funding will be used to accelerate the go-to-market of its automated bilateral contract settlement technology for energy buyers and sellers. We are excited to announce the new investment and appreciate the support from our current and new investors Share 'We are excited to announce the new investment and appreciate the support from our current and new investors,' said Jian Zhang, Founder and CEO of CFEX. 'This investment comes at a time when the industry is gearing up to meet the surging demand for energy, driven by electrification and AI workloads. Having been validated by some of the world's largest energy buyers and sellers through commercial contracts and pilot projects, we are ready to bring the technology to the market.' A great majority of both renewable and non-renewable energy is bought and sold at the wholesale level with complex bilateral contracts. However, almost all of these bilateral transactions are settled manually due to the complexity and variability of the contractual terms. CFEX has developed the industry's first technology to streamline and automate these complex bilateral energy transactions. 'With AI data centers' insatiable demand for energy, PPA contracts are increasingly becoming the tool of choice to build an all-of-the-above energy supply portfolio, in front and behind the meter,' said George Manahilov, Mobilize's Managing Partner. 'As a former energy project developer, we saw firsthand the challenges of operating these contractual relationships and the value of CFEX's technology.' 'Energy fuels the AI revolution,' said Eugene Zhang, Founding Partner at TSV Capital. 'At TSV Capital, we invest across the AI value chain. CFEX provides a critical transaction technology to deliver energy to AI data centers.' At the core of CFEX's automated contract settlement technology is its Contract Rule Engine, which can be used to convert energy contracts into settlement-grade software models, regardless of their complexity and variability. With CFEX's technology, both buyers and sellers can now not only automatically settle transactions with precision and accuracy at the end of the month, but also track who-owes-whom-what, on a daily basis, so that both parties know their financial position. About CFEX, Inc. CFEX automates bilateral transactions between buyers and sellers of renewable and non-renewable energy and streamlines their internal energy management processes. The company's Carbon-Free Energy Cloud application suite automates revenue tracking, billing, settlement, and energy attribute management for sellers (energy producers) and cost tracking, invoice reconciliation, and decarbonization of energy-related emissions for buyers (enterprises and utilities). By automating these otherwise manual processes, CFEX enhances operational efficiency, reduces transaction errors, increases transaction accuracy, improves auditability, and ultimately provides a scalable transaction platform to power the transition to clean energy. For more details, see
Business Insider
19 minutes ago
- Business Insider
5 reasons the AI boom might not be a buffer against a recession
The AI boom might not be enough to stave of an economic downturn. That's according to Peter Berezin, the chief global strategist at BCA Research who thinks that the US still has a 60% chance of entering recession in the next 12 months. A contraction, if it comes, likely won't be prevented by the craze for artificial intelligence, Berezin wrote in a note to clients on Monday, referring to chatter that AI can enhance productivity and spur enough growth in the economy to offset President Donald Trump's tariffs. Investors saw a clear warning in the latest jobs data, Berezin suggested, with the US adding far fewer payrolls than expected in July. Job gains for May and June were also revised downward by a collective 258,000, which Berezin called the "coup de grâce" of the latest jobs report. Stocks are still hovering near all-time highs, likely due to the belief that the weakness in the labor market stems from "temporary" pressures from Trump's tariffs, as well as enthusiasm for AI, Berezin speculated. "Although we doubt that this is the full story, our guess is that stocks will anchor themselves on this benign explanation until proven otherwise," Berezin wrote, later adding that investors couldn't count on AI to "save" the economy. "The AI boom is more of a stock market story than an economic story, at least so far," he continued. Here are the reasons Berezin is skeptical AI will buffer the economy from a recession: 1. AI spending benefits will take time to trickle down. Big tech firms have been spending big on AI. But the boom in capital expenditures is largely concentrated in Nvidia's AI chips and other tech equipment, which aren't manufactured in the US. "Although it is possible that some of this spending will be restored back to the US, it will take a while for that to happen," Berezin wrote. 2. Tech job market in decline. Tech employment is showing signs that growth in the sector is past its peak. Employment in the IT Services sector was lower in July than it was at the end of 2024, according to BCA's analysis. Private job gains in computer and electronic manufacturing is also hovering near a record-low. 3. Higher energy prices The boom in data centers means the US will need a lot of energy that it currently doesn't have. That's raising electricity prices for consumers, a factor that's likely to weigh on consumer spending, Berezin said. Wholesale electricity prices are up 22% from levels last year, according to data from PJM Interconnection. Consumer spending — which accounts for around two-thirds of GDP — rose more than expected in June, but dropped 0.9% in May. 4. Productivity gains aren't here yet There aren't many signs at the moment that AI is significantly boosting productivity. Productivity growth in the "Post-ChatGPT" era, which spans the fourth-quarter of 2022 to now, has averaged around 2.1%, below the average during the peak of the dot-com bubble. Productivity growth is also about the same as it was over the past decade, BCA's analysis shows. "Thus far, however, the data does not point to a structural acceleration in productivity," Berezin said. It could take a long time to see productivity gains from AI effervesce. Productivity growth accelerated in the late 90s, but around 15 years after the personal computer was created, Berezin noted. 5. Other recession indicators are flashing warnings Other indicators of potential downturn are showing signs that the economy could be past its business cycle peak. Berezin pointed to the National Bureau of Economic Research's "Big Six" recession indicators, which could signal the economy is already starting to meaningfully contract. Civilian employment, for instance, is down 0.5% since April, according to BCA's analysis of Federal Reserve data. Real sales in manufacturing and trade and Real income minus current transfer receipts, two measures of consumer spending power in the US, have also slightly declined over the last several months, according to data the firm analyzed from the Bureau of Economic Analysis. "We had planned to reduce our US recession odds if last week's data parade came in on the strong side. It did not, so we are keeping our 12-month recession probability of 60% as is," Berezin wrote, adding that he believed recession risks were "front-loaded" into 2025. The risk of a downturn has become front-of-mind after the latest jobs data, though most forecasters on Wall Street still expect the economy to nail a soft-landing in 2025. Goldman Sachs, Bank of America, and JPMorgan are among those who have trimmed their recession odds in recent months, largely due to Trump dialing back some of the tariffs he announced on Liberation Day.
