Capco Joins Forces with OpenAI to Supercharge Financial Services with GenAI
March 13, 2025 – London, UK — Global consulting firm Capco has announced a strategic partnership with OpenAI to integrate cutting-edge generative AI (GenAI) solutions within the financial services sector. The collaboration is set to revolutionize how financial institutions approach operational efficiency, regulatory compliance, and digital transformation.
Capco’s GenAI Expansion: Bringing AI to the Heart of Financial Services
Capco, a subsidiary of Wipro Limited, will leverage OpenAI’s advanced AI models, including ChatGPT Enterprise, to help financial institutions modernize core processes and accelerate digital strategies. The initiative focuses on deploying GenAI to assist clients in areas such as risk management, regulatory reporting, client servicing, and automated data analysis.
Anne-Marie Rowland, CEO of Capco, emphasized the transformative nature of the partnership, stating, “GenAI represents a rare opportunity to redefine how we, and our clients, operate. By harnessing OpenAI’s technology, we are delivering tangible value across strategy, operating models, and data frameworks.”
Capco plans to scale ChatGPT Enterprise organization-wide, ensuring consultants and developers are equipped with tools to design more agile and secure client solutions in a heavily regulated industry.
OpenAI’s EMEA Chief: “This Is Just the Beginning”
Nicolai Skabo, OpenAI’s Head of Sales for EMEA, praised the early success of Capco’s GenAI deployments. “We’re seeing significant boosts in productivity and client delivery speed. Capco’s industry expertise combined with our AI models is creating innovative services for financial firms,” Skabo noted.
The move is part of a broader trend where leading financial consultancies are rapidly adopting AI and machine learning models to improve operational resilience and stay competitive.
GenAI in Finance: Game-Changer for Derivatives & Compliance
This announcement follows a recent ISDA Future Leaders in Derivatives (IFLD) whitepaper, which highlighted several promising GenAI applications in the OTC derivatives market:
- Summarizing complex derivatives contracts
- Automating compliance checks against multi-jurisdictional regulations
- Synthesizing unstructured data into actionable insights
- Improving collateral selection and margin management
The whitepaper also suggested that GenAI can make coding for trading systems up to 56% faster, according to McKinsey, and help generate synthetic data for backtesting models.
Risks & Responsible AI Deployment
Despite the promise, Capco and OpenAI are treading carefully due to the well-documented risks associated with generative AI. Concerns include:
- Data security and confidentiality breaches
- Bias in AI outputs that could lead to legal or regulatory action
- Model failure risks producing inaccurate financial outputs
Capco has reinforced that all GenAI initiatives will comply with strict cybersecurity and governance protocols, especially given the sensitivity of financial data and the regulatory scrutiny financial institutions face globally.
Industry-Wide Implications
This collaboration comes as firms like Accenture, McKinsey, and IBM Consulting also expand their AI offerings in banking and capital markets. As OpenAI’s enterprise-grade solutions become more embedded in business workflows, the financial sector is preparing for an AI-driven shift in how it delivers client services, meets compliance demands, and enhances productivity.
Key Takeaways:
✔ Capco partners with OpenAI to embed GenAI across financial services
✔ Focus on regulatory compliance, data processing, and client solutions
✔ ISDA highlights GenAI’s growing role in derivatives markets
✔ Security and governance remain top priorities amid AI expansion
As AI adoption accelerates, Capco’s partnership with OpenAI could position it as a leader in delivering AI-powered financial consulting services, setting a new benchmark for the sector.
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