Capco, the global provider of consulting and managed services to the financial services industry, today announced the expansion of its North American Technology Group.
The expansion is in response to significant service demand from financial organizations that are restructuring their information technology to decrease cycle times and improve business efficiency, readiness and flexibility. Capco Partner Scott Claus has been named to lead the North American Technology Group.
Capco is seeing significant demand from banks and other financial services organizations as they seek to increase their operational efficiency by as much as 20% and as they begin adapting their existing delivery processes to accommodate emerging technologies.
"Many financial institutions are experiencing major IT pain points in their ability to efficiently scale up or down because they have already gone through multiple rounds of IT Cost Take Out and now there is a pent up demand for transformative IT initiatives," said Capco Partner Scott Claus. "This demands CIO and IT leaders rebuild their IT organizations and refine IT delivery processes in a much more efficient manner. In response, Capco is providing these leaders with the IT Supply Chain frameworks and real world expertise necessary for successful IT execution."
The North American Technology Group has deep expertise in the full spectrum of IT Services focused on the Financial Services Industry:
- IT Strategy;
- Enterprise Architecture;
- IT Delivery Management & Optimization;
- Custom Application Development and Integration for Banking and Capital Markets Solutions;
- Capital Markets and Banking Package Integration; and
- Quality Assurance & Testing
The Technology Group serves the world's top financial organizations through dedicated professionals in offices in New York, Chicago, San Francisco and Toronto and its access to 3,000 developers in Bangalore, India.
The Technology Group also supports Capco's Package Integration Group which provides full life-cycle management and support for specialist package vendors including Murex, Advent Geneva, OpenLink, Wall Street Systems and others. The Package Integration Group in North America is led by Capco Partner Frank Liddy, a recognized expert in technology, operations and consulting services to the world's leading diversified institutions, commercial banks and investment firms.
As the leader of the Capco North American Technology Group, Scott Claus brings more than 18 years of consulting experience in IT working with many of the world's leading financial institutions. He has implemented a variety of financial services IT Strategy engagements and led several onshore and offshore large scale systems implementation efforts. Prior to joining Capco, Mr. Claus was an IT Advisory Partner at KPMG. Prior to that, he led the Financial Services Technology Practice for a leading global consulting firm and was the technology practice leader at Scient and Covansys, an offshore service provider.
Based on its heritage, Capco continues to differentiate itself through its service excellence and dedicated focus on the capital markets and financial services arenas. The Technology Group is part of Capco's recently announced North America growth strategy to serve the needs of a broader range of clients.