Capgemini launches global fintech initiative

Capgemini, a global leader in consulting, technology and outsourcing, announced that it is launching its global fintech initiative in order to fast-track fintech engagements with its global financial services clients.

According to the official release, the company’s fintech initiative will combine its domain and integration expertise to select and evolve fintech innovation for its clients, through an intense curation and collaboration process. The process is planned to be conducted at the company’s global network of Applied Innovation Exchanges, discovery centers and related assets.

“Be it generating exceptional customer experience or improving operational efficiencies, FInTech innovation is a catalyst to the industry. As the pace of innovation with financial services technology accelerates, Capgemini has developed this initiative to connect clients with FinTech innovations and foster agility,” Thierry Delaporte, Head of Capgemini’s Global Financial Services Business Unit and Member of the Group Executive Board said.

The fintech initiative by Capgemini, is aimed to extend beyond the traditional incubator concept to encompass connection, curation, incubation, and investment stages. The initiative will elevate the company as an active participant in the process of validating and evolving the core value propositions of participating companies in collaboration with clients. It will also address challenges in integrating external innovation by bridging gaps in adoption including tech integration, data management, process changes, among others.

The initiative will enable participating companies to experience Capgemini’s curation process which scans and selects the innovations that will help meet market needs being requested by clients. The global fintech initiative will encompass segments and process areas that are addressed by the company’s financial services business. The participating firms will also gain access to Capgemini’s advisers, clients, and alliance partners to co-create business models. One of the participating company in the fintech initiative is Bluechain, a secure payment system.

“Bluechain Technology will transform the future of payments. As we operate in the niche payment technology space in Australia, we were very pleased to be working with Capgemini, as an advisor and global channel partner for the distribution of payments solutions based on our technology,” Mike McAuley, CEO, Bluechain, said.