AI Alliance Targets Financial Sector Transformation
Global consultancy Capco joins OpenAI’s Beta Services Partner Program to fast-track next-generation solutions for banks and energy firms.
The race to embed AI at the core of global finance entered a new phase this week, as Capco secured priority access to OpenAI’s most advanced technology – positioning the consultancy to accelerate AI-driven transformation across the financial services and energy sectors.
Capco, the global management and technology consultancy owned by Wipro, has joined OpenAI’s Beta Services Partner Program, according to a media release issued on Tuesday.
The agreement grants Capco early access to OpenAI’s newest models, expert support, and technical resources – setting the stage for scalable AI deployments across major banks and energy companies. «This new services partnership firmly positions us at the leading edge of AI innovation», said Capco CEO Anne-Marie Rowland.
Leveraging 25 Years of Transformation Expertise
OpenAI will gain from Capco’s decades of delivery experience in highly regulated industries, giving both partners the ability to jointly design solutions for some of the sector’s most pressing challenges – from regulatory change to productivity bottlenecks and customer-experience redesign.
OpenAI’s Ksenia Chumachenko highlighted Capco’s role, noting that the firm’s deep sector relationships make it a «valued services partner» for deploying AI at scale.
Case Study in AI at Work
One of Capco’s flagship offerings already illustrates the potential impact. Built by the firm’s AI Lab using OpenAI technology, Compliance Assist scans emerging regulatory changes and automatically maps required updates to internal processes and policies.
When deployed by a leading European retail bank, the tool reduced workload by 80 percen and cut the assessment time in half, saving thousands of staff hours.
From Reactive to Proactive Compliance
A key early focus of the new collaboration will be exploring how OpenAI’s GPT-5 – with improved contextual understanding and fine-tuning capabilities – can shift banks from reactive compliance to proactive control frameworks.
Rowland emphasized that Capco has infused AI across its own business, gaining first-hand insight into the technology’s transformative impact on speed, decision-making, and operational efficiency.
Building Scalable, Customer-Centric AI Solutions
Chris Probert, global head of data, analytics & AI at Capco, positioned the partnership as the next step in delivering customer-centric transformation.
«Capco has always been committed to offering pragmatic generative and agentic solutions that drive AI-led, customer-centric transformation,» he said, stressing the aim of developing custom AI models and tools tailored to client needs.
Unlocking AI Value Across Finance and Energy
Beyond compliance, the firms see opportunities in product design, operational change, regulatory reporting, workforce productivity, and hyper-personalized client experiences.
The partnership signals a broader industry shift: AI is no longer an experimental add-on but a strategic imperative for financial institutions seeking speed, precision, and scale.
Partnership with Sector-Wide Implications
By combining OpenAI’s capabilities with Capco’s domain depth, the collaboration aims to accelerate adoption across a sector where risk, regulation, and legacy systems often slow progress.
If successful, the model could become a blueprint for how AI providers and industry specialists jointly deliver transformation in the world’s most complex and heavily regulated environments.
