Capgemini Accelerates Global Blockchain Practice Ramp-Up to Meet Pressing Demands for FinTech Solutions in Financial Services

Capgemini has accelerated its specialized block chain practice within its financial services business unit to help clients improve operational efficiency, security, customer service, and capture new market opportunities. Capgemini has recruited a core team of leading block chain technology specialists with plans to expand its global team to more than 100 professionals by year-end.

Capgemini already consults for several major banking institutions, regulators and insurers and is helping institutions assess and implement a range of blockchain-related solutions across retail banking, commercial banking, global markets and insurance. Capgemini will provide a range of consulting and technology services including: feasibility studies, business case assessments, operating model design, advisory services on systems architecture and full-scale systems integration.

According to Thierry Delaporte, Chief Executive Officer, Capgemini’s Financial Services Strategic Business Unit and member of the Group Management Board, “Capgemini’s accelerated focus on block chain technology represents a major step in the firm’s move towards developing FinTech (financial technology) solutions that are becoming a catalyst for change and innovation in the financial services industry. Capgemini is collaborating with FinTechs to develop innovative blockchain solutions on micro payments, syndicate loans, asset management and claims handling which Capgemini will implement as a preferred systems integrator.”