Capco, a Wipro company and global management and technology consulting firm, has joined OpenAI’s Beta Services Partner Program, gaining preferential access to the latest AI innovations. Capco and OpenAI will collaborate to solve complex client problems, implement scalable solutions, and position Capco as a trusted AI partner for financial services and energy clients worldwide.
Through this service partnership, Capco gains early access to OpenAI’s technologies, technical support, solution architects, and training resources. OpenAI will benefit from Capco’s more than 25 years of experience with global transformation projects and its proven deployment experience in the financial services and energy sectors. Together, Capco and OpenAI will explore innovative solutions to address the biggest challenges facing customers in the financial and energy sectors today.
The opportunities presented by AI-powered innovations are enormous and range from improved product design to operational changes and compliance, as well as higher employee productivity and hyper-personalized customer experiences.
One example of an existing offering developed by Capco’s AI Lab using OpenAI technology is Compliance Assist. Part of Capco’s Smart Suite range of AI-powered solutions and services, Compliance Assist helps banks proactively scan for upcoming changes in regulatory frameworks and automatically identify the necessary adjustments to a company’s processes and procedures – saving thousands of working hours.
Companies in the financial services sector must ensure that their regulatory policies and processes always comply with applicable regulations, otherwise they risk reputational damage or fines. For multinational banks in particular, this translates into a significant time commitment, as they have to update hundreds of policies, procedures, and reports. When a leading European retail bank recently implemented Compliance Assist, it was able to reduce its workload by 80% and halve the time required to assess the impact on policies, procedures, and controls.
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The initial focus of the new collaboration between Capco and OpenAI will be on examining how OpenAI’s latest offering, GPT-5, with improved contextual understanding and fine-tuning, can further automate and optimize processes to move from reactive to proactive control and compliance.
Anne-Marie Rowland, CEO of Capco, said: “We are delighted to announce our new service partnership with OpenAI. Capco develops ambitious, innovative solutions that empower our customers to confidently lead the market and outperform it. This new service partnership positions us strongly as a pioneer in AI innovation and allows us to take our AI offerings to the next level.”
“Our position as a provider of flexible, scalable AI-powered solutions that drive our customers’ ambitions faster, smarter, and more effectively is now further strengthened. Having implemented AI throughout our own corporate structure, we have been able to observe its transformative impact and benefits firsthand.”
Chris Probert, Partner and Global Head of Data, Analytics & AI at Capco, said: “Capco’s goal has always been to offer pragmatic, generative, and agent-based solutions that drive AI-powered, customer-centric transformation in a scalable and repeatable way. This service partnership enables closer collaboration with the OpenAI team. It allows us to pursue our shared vision of developing custom AI models and tools that transform and accelerate the future development of our customers’ businesses.”
Ksenia Chumachenko, Head of GTM Partnerships at OpenAI, said: “We are delighted to partner with Capco to bring the power of OpenAI technology to financial services and energy companies worldwide. With their extensive industry expertise and strong customer relationships, they are a valuable service partner for us in supporting institutions to unlock new value with AI.”
Source: Businesswire