Capgemini announced that it has been named a “Leader” in Everest Group’s inaugural PEAK Matrix on Risk and Regulatory Compliance Application Services in Banking and Financial Services (BFS).
Capgemini’s achievements in consulting, modeling, stress testing, system integration, functional expertise in leading platforms, and strong data management and validation skills were applauded. Capgemini’s Applied Innovation Exchange (AIE) program for FinTech collaboration was also commended for innovation.
“The BFS industry is grappling with challenges such as emerging risks, new regulations, financial crime and high compliance costs, which are forcing enterprises to move away from a checklist compliance mindset to configurable solutions with built-in intelligence,” said Ronak Doshi, Practice Director, Everest Group. “Capgemini’s strong data management and validation capabilities; offerings in cybersecurity and fraud identification for payments; and its ability to collaborate with the RegTech ecosystem through its Applied Innovation Exchange helped to secure its Leader position in our inaugural Services PEAK Matrix assessment on Risk and Regulatory Compliance Application Services in BFS.”
Everest Group analyzed the capabilities of 21 service providers of Regulatory Risk and Compliance in BFS and categorized each provider to be a Leader, Major Contender or Aspirant.