Capco to deploy OpenAI technology for global finance & energy
Capco has joined OpenAI's Beta Services Partner Programme, securing priority access to the latest artificial intelligence technology to support financial services and energy clients worldwide.
Partnership details
The partnership grants Capco early access to OpenAI's technology, including technical support, solution architects, and training resources. This arrangement is expected to help Capco deploy artificial intelligence solutions to address complex challenges for clients in banking, insurance, and the energy sector.
OpenAI will draw on Capco's experience of delivering transformation projects and digital solutions to financial services and energy clients over the past 25 years. Both parties plan to focus on integrating AI into existing workflows to improve operational efficiency, regulatory compliance and customer services.
Key applications
AI is anticipated to support a wide range of functions, from product design to operational improvement and compliance. One example is Capco's Compliance Assist, an AI-powered solution developed with OpenAI's technology that helps banks monitor upcoming regulatory changes and automatically identify necessary updates for policies and procedures.
This tool has reportedly reduced the compliance workload for banks by up to 80%, with significant time savings for multinational retail banks who would otherwise manually update hundreds of policy documents and reports.
Initial focus
Capco and OpenAI will begin their collaboration by exploring the use of OpenAI's newest model, GPT-5. The objective is to further enhance automation and streamline key business processes, enabling banks and energy companies to move towards proactive compliance and management rather than reactive controls.
Sector expertise
Capco's AI Lab focuses on developing regulatory and operational solutions for the financial services sector. The collaboration with OpenAI is expected to unlock opportunities for employee productivity improvements and custom experiences for clients, especially through more advanced language models and AI-powered analytics.
Executive comments
"We are delighted to announce our new services partnership with OpenAI. Capco delivers bold, innovative solutions that empower our clients to lead with confidence and outpace the market. This new services partnership firmly positions us at the leading edge of AI innovation, allowing us to take our AI offerings to the next level.
We are now even more strongly positioned to deliver flexible, scalable AI-powered solutions that accelerate our clients' ambitions – helping them driving faster, smarter, and more impactful outcomes. Having infused AI across our own business, we have seen up close the transformative impact and benefits that can be achieved," said Anne-Marie Rowland, CEO, Capco.
"Capco has always been committed to offering pragmatic generative and agentic solutions that drive AI-led, customer-centric transformation in a scalable and repeatable fashion. Opening the way to deeper collaboration with the OpenAI team, this services partnership allows us to pursue our shared vision of building custom AI models and tools that reimagine and accelerate the future evolution of our clients' businesses," said Chris Probert, Partner and Global Head of Data, Analytics & AI, Capco.
"We're excited to partner with Capco to bring the power of OpenAI's technology to financial services and energy firms worldwide. Their deep sector expertise and strong client relationships make them a valued services partner as we help institutions unlock new value with AI," said Ksenia Chumachenko, Head of GTM Partnerships, OpenAI.
