Capco has formed the latest in a string of alliances with software vendors and others. It is with Aleri, the provider of novel data processing technology to the financial markets.
“Today many banks struggle to integrate their data in a timely manner – an issue affecting regulatory reporting as well as meaningful management information,” explains Aleri. “This partnership will provide a way forward using the ultra high speed of Aleri’s vector engine together with the flexibility and analytical capability of business rules plus Capco’s profound expertise in delivering innovative business processes to the financial community.”
Capco demonstrated an Aleri-based solution to meet the reporting demands of operational risk management at the Sibos conference in Geneva this week. The solution, which is based on risk categories published by the Bank for International Settlements, aims to aggregate data from disparate sources, assess it on the basis of pre-defined business rules and then report it on a real-time basis.
” We are creating end-to-end, agile solutions which dramatically improve our clients’ operational and financial performance as well as their risk profile,” says Stanley Young, partner and co-head of Capco’s global capital markets practice. “Aleri’s technology changes the way information can be accessed and analysed. Reports can be delivered many, many times faster than has previously been possible and data can be analysed in greater depth using every piece of information that is available to the enterprise.”
John Mason, Aleri’s senior vice-president, international operations, adds: “This is a tremendous market opportunity for both our companies. Capco has the knowledge base and customer confidence which commands an immediate ear, while we have powerful software, providing the enabling environment for many of the business processes which Capco recommends. It’s a perfect match.”