Capco, a global management and technology consultancy focusing on financial services, has partnered with Stevens Institute of Technology, a Hoboken, New Jersey-based technology research university. The three-year partnership will promote research and education for the technology requirements of the financial services industry.
Capco will help develop a certificate program in financial analytics at the private university, which has 7,300 undergraduate and graduate students, with academic and research programs in business, computing, engineering, and arts.
The consulting firm will also provide academic scholarships, while benefitting from enhanced recruitment opportunities. The partnership also includes access to Stevens’ Hanlon Financial Systems Center, which provides finance and data visualization tech to enable better and faster decisions for banks, investors, and regulators.
Capco will tap Stevens’ research on quantum technology, machine learning, AI, security, and blockchain to help digitally transform their clients through innovative solutions.
The Stevens High Frequency Trading (Shift), for example, is an advanced market simulation platform that replicates a modern automated exchange. The platform will help clients test algorithmic trading strategies and other software programs that interface directly with the market, while potentially enabling predictive responses to disruptive events.
“Capco’s partnership with Stevens, one of the world’s premier technology research institutes, will enhance digital transformation across the financial services industry and help our clients leverage innovative technology to solve their global business issues,” Lance Levy, Capco CEO, said.
The consultancy has also been named consulting firm of record on the university’s fintech committee, which collaborates with financial institutions to propel research initiatives at Stevens and across the financial services industries.
“Capco has meaningful relationships with some of the biggest players in the financial services industry,” said George Calhoun, director of the Hanlon Financial Systems Center and the undergraduate quantitative finance program at Stevens. “Together with Capco, we want to develop research that will assess how new and emerging technologies will continue to change the way companies manage risk, optimize portfolios and execute trading strategies in automated high-frequency environments.”
Based in London, Capco specializes in advising banking, capital markets, wealth and asset management, insurance, and energy clients. It has over two dozen offices across the Americas, Europe, and Asia-Pacific. The firm was founded in 1998 and has 5,000 employees.