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One company that is stirring a revolution in the finance, risk convergence and compliance arena through their game-changing strategies, operational experience and RegTech expertise is Capco. The company exploits new technologies to successfully implement risk management and compliance programs aimed at aligning complex regulations in the financial services industry.
“At Capco, we understand the emerging trends that need to be addressed in the regulatory landscape and introduce our clients to some of the revolutionary technologies and capabilities through our digital innovation lab,” states So Jene Kim, Partner at Capco. “We are focused on giving our clients a more holistic approach to their problem and the different methods which ultimately pinpoint to the most fitting solution not only to deliver value to the bank in the present but also for the long run,” adds in Peter Dugas, Managing Principal at Capco’s Center of Regulatory Intelligence.
Besides Capco’s digital and data capabilities, the company has also built a Center of Regulatory Intelligence which functions in Washington DC and Europe.
Capco also offers managed services where in they perform some of the necessary activities that support regulatory compliance on behalf of the client providing them with end-to-end support, economic boost, and better efficiency. “With Capco’s global regulatory surveillance and intelligence capability, clients can proactively address their compliance or risk management hurdles,” remarks Dugas.
Capco’s consultants comprised of former chief risk officers, compliance officers and regulators combine their subject matter expertise and technical prowess to identify the client’s challenge accurately and map out a clear strategy.
Capco deals with clients ranging from Tier 1 investment banks to smaller community banks where the company identifies the regulatory challenges and exploits the improvement opportunities. One of the clients, a global financial institution chose Capco specifically to come in and help them with their CCAR compliance. They required a governance model which worked for their U.S entities while fulfilling their CCAR and regulation YY compliances. Capco conducted a SWOT and currency capability analysis, built a governance model as well as a management framework for their CCAR and enterprise risk compliance, and continues to support the financial organization in their regulatory requirements.
From a startup based in Belgium to a topnotch regulatory tech player, the company hit their 20th-anniversary milestone in 2018. Upcoming plans include enhancing Capco’s services to reach their full potential and be the provider of choice to their clients. “Through our digital lab, we want to bring about innovation so that our clients are able to make smarter and quicker decisions about renovating their processes,” says So Jene. Going forward, Capco intends to marry the worlds of financial services consulting and digital technology to make their client relationships stronger.