What can banks do now? Capco’s vision of an industrialized bank is one that ‘does the right things in the right way.’ Cost cutting will no longer be tactical and reactive, but rational and productive. Costs, earnings, capital and growth will be better aligned to create more sustainable business models. Straight through processing will create a highly efficient environment, with low or no-touch, day-to-day processing and predictable compliance. Transformation will come from addressing the front office and change functions not restricting change to the back office and infrastructure. The resulting streamlined structures will deliver what a new generation of demanding customers want from financial services: personalized and responsive innovation.How urgent is the task? “It’s very urgent,” says Ido Gileadi, a North America-based Partner with Capco. “Financial Services is now a very attractive proposition for new competitors outside traditional industry boundaries. These newcomers don’t have the baggage of legacy structures and technologies. They are highly innovative. They come from areas such as retail, telecoms and digital media. They won’t just adopt and evolve conventional banking models. They have the innovative flexibility to reach the unbanked and the huge wealth in emerging markets.” Now, some 150 years after it first impacted manufacturing, the industrialization imperative is here to stay. The opportunity for transformation is real. Staying competitive will need new partners and capabilities offering true breadth of financial technology assets along with deep industry expertise. Get the complete picture. Download the Capco Thought Leadership Paper: The Industrialization Realization About Capco Capco is a global business and technology consultancy dedicated solely to the financial services industry. Our professionals combine innovative thinking with our unrivalled first-hand industry knowledge to offer our clients consulting expertise, complex technology and package integration, and managed services to move their organizations forward. Through our collaborative and efficient approach, we provide our clients with tools to enable them to increase revenue, better manage risk and regulatory change, reduce costs and enhance control. We specialize in banking; capital markets; wealth and investment management; insurance; finance, risk & compliance; and technology. We serve our clients from offices in leading financial centers across North America, Europe, Asia and Africa.
Additionally, as a part of FIS (NYSE:FIS) the world’s largest global provider dedicated to banking and payments technologies, Capco is able to leverage FIS best-of-breed, innovative solutions and services to support client delivery. Access to the FIS complementary skill set, global talent pool, industry leading-technology assets and strong balance sheet, positions Capco even more strongly to tackle complex architecture and large scale transformation in financial services.To learn more, visit our web site at capco.com and subscribe to Capco's newsroom RSS feed.