Capgemini, one of the leading providers of consulting, technology and outsourcing, has recruited a core team of leading blockchain technology specialists, in a bid to accelerate its specialized blockchain practice within its financial services business unit to help clients improve operational efficiency, security, customer service and capture new market opportunities. The company plans to expand its global team to more than 100 professionals by the end of this year. 

“Capgemini’s accelerated focus on blockchain technology represents a major step in the firm’s move towards developing FinTech (financial technology) solutions that are becoming a catalyst for change and innovation in the financial services industry”, said Thierry Delaporte, CEO, Capgemini’s Financial Services Strategic Business Unit and member of the Group Management Board. Capgemini is collaborating with FinTechs to develop innovative blockchain solutions on Micro Payments, Syndicate Loans, Asset Management and Claims Handling which Capgemini will implement as a preferred systems integrator.”

The company says that it has invested in the people, technology and processes to understand how blockchain can be used in core financial functions. It is already consulting with several major banking institutions and regulators to assess and implement a range of blockchain-related solutions across retail banking, commercial banking, global markets and insurance.

Capgemini provides a range of consulting and technology services including: feasibility studies, business case assessments, operating model design, advisory services on systems architecture and full-scale systems integration. Specific services include:

• Blockchain Strategy & Insights
• Blockchain Innovation Workshop
• Proof of Concept Services
• Blockchain as a Service
• Blockchain Technology Services
• Partnership Support

 Anirban Bose, Global Head of Banking and Financial Services, Capgemini, believes blockchain to be a “game-changer” in the industry and that no financial services firm can afford to ignore it.

“Central banks, financial institutions, and technology firms are beginning to embrace blockchain’s potential, and we are driving our expertise to be at the forefront of its adoption”, he said.