Capco-Envizage strategic partnership to deliver financial services benefits

KUALA LUMPUR, Jan 29 -- Capco, the global management and technology consultancy, and Envizage, the London-based analytics software provider, have announced a new partnership to deliver the benefits of Envizage’s simulation-based holistic advice engine for financial services.

“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,” said Capco Partner and Insurance Lead, Matt Hutchins.

Meanwhile, Envizage Chief Executive Officer and Co-founder, Vinay Jayaram said: “Capco’s deep domain expertise, broad delivery capabilities and strong relationships with leading financial services organisations 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.”

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.

-- BERNAMA