Global management and technology consultancy Capco, a Wipro company, has joined OpenAI’s Beta Services Partner Program, providing Capco with priority access to the very latest AI innovation. Capco and OpenAI will collaborate to solve complex client problems and deploy scalable solutions, positioning Capco as a trusted AI partner to financial services and energy clients worldwide.
Through the services partnership, Capco gains early access to OpenAI’s technology, technical support, solution architects, and training resources. OpenAI will leverage Capco’s 25+ years of global transformation expertise and proven delivery experience across the financial services and energy sectors. Together, Capco and OpenAI will explore innovative solutions to tackle the most significant challenges confronting financial services and energy clients today.
The opportunities for AI-led innovation are significant, ranging from enhanced product design to operational change and regulatory compliance, to employee productivity and hyper-personalized customer experiences.
One example of an existing offering built by Capco’s AI Lab using OpenAI’s technology is Compliance Assist. Compliance Assist, part of the Capco Smart Suite range of AI-powered solutions and services, helps banks proactively scan upcoming regulatory changes and automatically identify the changes required to a firm’s processes and procedures – saving thousands of hours of work.
Financial services firms must ensure that their regulatory-related policies and processes are always compliant, or risk reputational damage or financial penalties. For multinational banks in particular, this requires time consuming work to update hundreds of policies, procedures and reports. When adopted recently by a leading European retail bank, Compliance Assist reduced the workload by 80% and halved the time needed to assess the impact across policies, procedures and controls.
An early focus of the new collaboration between Capco and OpenAI will be on exploring how OpenAI’s GPT-5 latest offering of improved contextual understanding and fine-tuning can further automate and streamline processes, moving from reactive to proactive control and compliance.
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