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Capco and Envizage Announce Strategic Partnership

Category: Technology
Posted Jan 29, 2021 09:19 (GMT +7)

LONDON--(BUSINESS WIRE)--Jan. 28, 2021

Capco, the global management and technology consultancy, and Envizage, the London-based analytics software provider, today announced a new partnership that will see the two companies working together to deliver the benefits of Envizage’s simulation-based holistic advice engine for financial services.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210128005152/en/

Matt Hutchins, Capco (Photo: Business Wire)

Matt Hutchins, Capco (Photo: Business Wire)

Established by three former Morgan Stanley partners, Envizage supports banks, insurers, pension funds and retail wealth and asset managers through its patented methodology and technology acquired from Morgan Stanley, which is a minority stakeholder in the company.

Delivered as an API, Envizage’s advice engine addresses all financial products in the context of a customer’s future life goals. Envizage simulates ‘real life’ outcome risks across different customer age groups, from millennials to retirees, using probabilities based on a range of factors, including inflation, longevity, mortality, health and liquidity.

Envizage promises to future-proof clients’ digital or hybrid distribution strategies at scale and reduces platform, compliance and distribution costs, with data-related benefits having the potential to considerably reduce BAU costs.

Matt Hutchins, Partner and Insurance Lead at Capco, said: “Envizage offers one digital foundation across many products, channels and countries. This is a highly complementary partnership from Capco’s perspective in terms of our respective areas of industry focus and our data and digital capabilities. The ability to use data analytics to improve financial awareness and planning for customers, and to help businesses improve customer personalisation and cross-selling through different channels – mobile, desktop, contact centre agents or advisors – was particularly compelling given Capco’s focus across insurance and banking markets.”

Vinay Jayaram, CEO and Co-founder at Envizage, said: “Envizage is delighted to announce this new partnership. Capco’s deep domain expertise, broad delivery capabilities and strong relationships with leading financial services organizations globally will be invaluable as we look to deliver value to our clients across the banking, insurance, retail investment and wealth management, pensions and at-retirement sectors. In these challenging times, millions of people around the world are seeking a clear path forward to build financial security for themselves and their families, and yet the advice gap has never been more apparent. We look forward to working with Capco to address that disconnect and to drive a step-change in financial planning, customer personalization and cross-selling opportunities for our mutual clients.”

About Capco

Capco is a global technology and management consultancy specializing in driving digital transformation in the financial services industry. With a growing client portfolio comprising of over 100 global organizations, Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting-edge ingenuity is brought to life through its Innovation Labs, and award-winning BYAW culture and diverse talent. To learn more, visit www.capco.com or follow us on Twitter, Facebook, YouTube, LinkedIn Instagram, and Xing.

About Envizage

Envizage is a financial technology company whose core solution is a simulation-based holistic advice engine, delivered through a configurable API. Envizage’s clients are banks, insurers, pension funds, and retail asset managers, who build applications for their customers and members powered by the Envizage API. Envizage serves clients worldwide, helping them engage their end-user customers so they can achieve better future outcomes. To learn more, visit envizage.me or follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210128005152/en/

Contact:

Capco
Tim Steele
Head of External Communications
tim.steele@capco.com

Envizage
Claire Brown
contact-us@envizage.me

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