Capgemini Launches Advanced Assurance and Testing Solutions for Financial Institutions
In a bid to strengthen its presence in the financial services sector, Capgemini has unveiled a comprehensive suite of assurance and testing solutions designed to help banks and financial institutions navigate the complex landscape of regulatory requirements and industry best practices.
Overview
Capgemini’s new offering includes a range of services tailored to meet the specific needs of clients undergoing regulatory monitorships or seeking to proactively enhance their compliance frameworks. The solutions are designed to provide clients with a comprehensive framework for ensuring compliance and minimizing risk.
Expertise and Experience
The company’s expertise in this area is underscored by its team of experienced professionals, including:
- Samar, global head of FCC advisory business
- Michael, leader of Americas FCC advisory business
- Brett, leader of EMEA FCC advisory business
- Supriyo, practice lead for financial crime compliance
- Jeff, former senior Fed official and head of #RegDesk
Assurance and Testing Solutions
Capgemini’s assurance and testing solutions cover a range of areas, including:
- Compliance Program Design, Review, and Testing: Designing and reviewing compliance programs to ensure they are effective and efficient.
- Risk and Gap Assessments: Identifying risks and gaps in clients’ compliance frameworks and providing recommendations for improvement.
- Independent Monitorships and FCA Skilled Person Reviews: Providing independent oversight and review of clients’ compliance programs.
- Remediations and Lookbacks: Assisting clients in remediating non-compliance issues and reviewing past activities to ensure compliance.
- Uplift of KYC File Completeness and Accuracy: Bringing clients’ Know Your Customer (KYC) files into compliance with global regulations.
- Compliance Analytics and Technology Assessments: Analyzing clients’ compliance data and assessing their technology infrastructure to identify areas for improvement.
- Compliance Technology Integration: Integrating compliance technology solutions with clients’ existing systems.
Expert Perspectives
In a recent interview, Samar, global head of FCC advisory business at Capgemini, noted that:
“Our team has extensive experience in designing and implementing FCC control improvements per regulatory requirements. We help clients enhance their FCC control frameworks through advice and tech-enabled solutions across the three lines of defense.”
Michael, leader of Americas FCC advisory business, added that:
“Our goal is to provide clients with a comprehensive framework for ensuring compliance and minimizing risk. Our team has led several high-profile monitorships on behalf of regulatory authorities, including the US Department of Justice.”
Brett, leader of EMEA FCC advisory business, emphasized the importance of staying ahead of the curve in terms of financial regulations:
“Our solutions are designed to help clients navigate the complex landscape of regulatory requirements and industry best practices. We understand that compliance is not a one-time event, but an ongoing process that requires constant monitoring and improvement.”
Supriyo, practice lead for financial crime compliance at Capgemini, noted that:
“Our team has a deep understanding of the evolving nature of financial regulations and the importance of staying ahead of the curve. We help clients transform their anti-financial crime functions through strategic industry-first initiatives.”
Jeff, former senior Fed official and head of #RegDesk, concluded that:
“Our goal is to demystify complex regulations into clear actionable insights for our clients. We provide a range of advisory services across the FCC lifecycle and help them tackle the ever-changing global risk landscape.”
Learn More
To learn more about Capgemini’s assurance and testing solutions, visit the company’s dedicated LinkedIn page, where you can connect with experts and read the latest industry insights.