Reuters and Capco forge consultancy partnership

Reuters and Capco forge consultancy partnership

Reuters Consulting has formed an alliance with professional services firm Capco to offer products, technology, strategic consultancy and business transformation capabilities to financial institutions worldwide.

Both companies have identified greater liquidity and efficiency as key to generating customer benefit. The Capco Institute recently completed an academic study entitled "The New Wave of Liquidity" which found that greater use of technology will add significantly to the creation of an increasingly efficient and more liquid global economy – one that could release value of US$872 billion by 2005. Research conducted by Reuters subsidiary, Tower Group, shows correspondingly that the global securities industry will spend US$19.1 billion over the next 4 years to unlock liquidity in their own operations.

As part of the agreement Reuters Consulting and Capco will initially deliver services around specific areas of industry focus such as retail, straight through processing, enterprise application integration (EAI), operations efficiency, risk management, and data management.

Rob Heyvaert, chairman and chief executive officer of Capco, says: "The world of finance is transforming at breakneck pace, and technology holds the key to creating tremendous efficiency and increasing valuations for financial institutions, and providing instantaneous information for customers."

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