Capco and AccessFintech partner to accelerate transformation in financial services

By Pavithra R

Capco, the global technology and management consultancy has announced partnering with New York-based AccessFinTech, the leading fintech company evolving the financial industry operating model through collaborative workflow, to bring together AccessFintech’s data management and workflow solution with Capco’s proven delivery and engineering expertise in the financial services space.

By allowing for faster workflow adoption and change management via joint engineering solutions, the new alliance will support firms in addressing challenges around operations and regulatory compliance, including areas such as the incoming CSDR regime, pre-matching and settlements, IBOR reconciliation,  and cash payment affirmations.

“Whether for regulatory, risk, efficiency or cost purposes, financial institutions are actively pursuing global transformation journeys to achieve overall process simplification and a streamlining of their technology ecosystems. By bridging the gap between legacy and modern systems, innovative solutions such as the Synergy Network accelerate those journeys and deliver cost effective and highly controlled rules-based process environments,” said Owen Jelf, Partner & Global Head of Capital Markets at Capco.

AccessFintech’s Synergy Network extends and enriches data, synchronizes workflow and enables technology-driven operations transformation, providing innovative and efficient transaction lifecycle management and benchmarking insights across the entire financial ecosystem. Capco’s experience in delivering transformation projects will accelerate the speed at which clients can integrate their operations with the Synergy Network to benefit from the additional transparency and certainty it offers.

“AccessFintech is already working with a critical mass of significant financial institutions and is successfully processing more than a billion transactions a month. Coupling Capco’s industry benchmark technology and operations change management and delivery expertise with our Synergy Network and platform is an important accelerator of our clients’ operation and technology transformation,” said AccessFintech’s EVP Business Development Boaz Zilberman.

Founded in 2015 by a team of financial industry veterans, AccessFintech uses technology to evolve the financial industry operating model. Its aim is to transform the model to drive control, transparency, efficiency and collaboration across the whole financial ecosystem.