Capgemini announced that it has been named a leader in Open Banking IT services in the just released Everest Group PEAK MatrixTM1 2020 assessment entitled “Moving Beyond Compliance to a Platform-based Operating Model of Ecosystem Orchestration and Value Creation.” Capgemini was recognized in the assessment for its early investments to create its Open Banking2 practice, extensive network of alliance partnerships with banking platform players and technology vendors, its proprietary API platform and PSD2 domain compliance accelerators.
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“Moving Beyond Compliance to a Platform-based Operating Model of Ecosystem Orchestration and Value Creation.”
“A mix of regulatory and market forces is driving banking and financial services (BFS) firms to develop an open and collaborative environment in which to build a financial services/products ecosystem. Open Banking has been a key enabler in changing the role of BFS firms from financial services providers to lifestyle experiences orchestrators,” said Ronak Doshi, Vice President, Everest Group. “Capgemini has secured a position as a Leader on Everest Group’s Open Banking IT Services PEAK Matrix Assessment 2020 due to its strong growth momentum resulting from proactive investments in establishing a standalone open banking practice and a geography-specific go-to-market strategy, an extensive partnership ecosystem with BFS-specific platform players and technology vendors, and client appreciation for its engagement flexibility.”
Open Banking adoption across the globe is being driven by a combination of regulatory push and market forces. The overarching goals of Open Banking include enhancing customer experience as well as reinventing products and business models.
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