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Global Business and Technology Consultancy Dedicated to Financial Services (FS) Celebrates Second Year of Operations in the Netherlands

Contact
Capco Netherlands, Harmen Meijnen, + 31 20 6500600
Capco Netherlands, Jean Paul Hokke, + 31 20 6500600
Amsterdam based team with strong Financial Services expertise continues to serve global and local players to address ongoing FS market challenges

Capco, a global business and technology consultancy dedicated solely to the financial services industry, celebrated the second anniversary of the re-establishment of its Amsterdam-based operations this month.

Over the course of the last two years, Capco’s Dutch team has recruited a strong team of financial services consultants, establishing Capco’s brand in an increasingly important European financial services centre. Backed by a global network of 16 offices on four continents, deep industry expertise and fact-based thought leadership in the form of the award-winning Capco Journal of Financial Transformation, the team has spent the last two years helping financial institutions with both a local as well as a global presence meet the ever evolving challenges of the financial services market.

Additionally, as a part of FIS™ (the world’s leading provider dedicated to banking and payments technologies), Capco is able to leverage FIS best-of-breed, innovative products and solutions to support client delivery. Access to FIS’ complementary skill set, global talent pool, industry-leading assets and strong balance sheet positions Capco even more strongly to tackle complex architecture and large scale transformation in financial services.

Regulatory compliance has been the dominant driving force across the industry, and it is clear that the industry at large seems to have adopted a mixed response between reluctance and apprehension.

Capco Partner Jean-Paul Hokke comments: ‘No clear incentive appears to exist for Dutch financial firms to proactively adopt the new rules and act accordingly. Mandatory changes are generally seen as cost-centric, with little appetite, or capacity for growth oriented change. Now would appear to be the perfect moment to make ‘game-changing’ modifications to existing business models. Long-term industry focus needs to be firmly focused on what will add value to clients, as this is what will generate superior returns in the longer-term.’

Fellow Capco Partner and leader of Capco’s Risk domain in the Netherlands Harmen Meijnen adds: ‘We see industrialization as core to the future of finance. It provides many opportunities to develop innovative business models, allowing for the potential removal of some components of the value chain - be this for lack of scale, of expertise or because of the desire to concentrate exclusively on core business activity.

The industry should consider the adoption of a form of utility services-based model, as has been done in the payments arena. Now is a great time for some fresh thinking. We at Capco are excited to be at the very heart of financial services, and look forward to the challenges – and opportunities – the industry will see over coming months.’
The Capco Netherlands office is based in the heart of the Amsterdam financial district, and is supported by a strong team with significant hands-on financial services expertise and knowledge.

About Capco
Capco, a global business and technology consultancy dedicated solely to the financial services industry. Our professionals combine innovative thinking with our unrivalled first-hand industry knowledge to offer our clients consulting expertise, complex technology and package integration, and managed services to move their organizations forward.

Through our collaborative and efficient approach, we provide our clients with tools to enable them to increase revenue, better manage risk and regulatory change, reduce costs and enhance control. We specialise in banking; capital markets; wealth and investment management; finance, risk & compliance; and technology. We serve our clients from offices in leading financial centers across North America, Europe, Asia and Africa. To learn more, visit our web site at capco.com and subscribe to Capco's newsroom RSS feed.