Teradata Corporation and Capgemini’s Financial Services Strategic Business Unit (FS SBU), collaborate to develop a single platform for regulatory reporting and streamlined equity transaction operations

Capgemini’s New Platform Mitigates Risk and Increases ROI for Financial Services Firms

New York, April 8, 2008—Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, announced the development of an integrated compliance and operations platform in conjunction with Teradata Corporation.

This new platform provides a single solution that meets regulatory reporting requirements and enables cross-division, cross-platform monitoring of trade status issues. The platform also performs exception management in support of Straight-Thru processing initiatives, while providing a standard reporting framework for the consolidation of trade and position information and client analytics.

Initially, the integrated platform will serve North American equity-related compliance and operations. Capgemini and Teradata, however, have plans to expand vertically into data analysis as well as horizontally into an array of asset classes, such as fixed income, derivatives, foreign exchange and money markets.

“Through better management of operational processes and information asset, financial institutions have long sought to increase their return on investment,” said Jeff Deyerle, vice president, Business Information, at Capgemini. “With a wave of complexities brought on by globalization and heightened regulation, banks have increasingly grappled with fragmented data operations.  And as a result, banks have become over exposed to high maintenance costs, regulatory fines and reputation risk.” 

Recent trend research reveals that by integrating operational process and data platforms with business objectives, business users, technology providers and compliance officers can reap mutual benefits. The integrated compliance and operations platform enables rapid implementation and low maintenance costs, while streamlining the critical data items and informational processes necessary to satisfy compliance requirements at the asset level.  Reporting, on end-of-day aggregates and per-trade notifications alike, can then occur seamlessly, leveraging the platform’s business rules and templates. 

“The integrated compliance and operations platform presents our customers with a unique opportunity to quickly and accurately comply with regulations, such as OATS, RegNMS and MiFID,” said Rick Morton, vice president, Teradata Corporation.  “In addition, we can infuse real-time intelligence into front-line operations, customer service and strategic planning, which supports both strategic decision-making and thousands of daily operational tasks.”

About Capgemini
Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, enables its clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities that boost their freedom to achieve superior results through a unique way of working - the Collaborative Business Experience - and through a global delivery model called Rightshore®, which aims to offer the right resources in the right location at competitive cost. Present in 36 countries, Capgemini reported 2007 global revenues of EUR 8.7 billion (approximately US$12 billion) and employs over 83,000 people worldwide.

Capgemini provides deep industry experience, enhanced service offerings and next generation global delivery to serve the financial services industry. With a network of 15,000 professionals serving over 900 clients worldwide, we move businesses forward with leading services and best practices in Banking, Insurance, Capital Markets and Investments. For more information, please visit www.capgemini.com/financialservices.

About Teradata
Teradata Corporation (NYSE: TDC) is the world’s largest company solely focused on raising intelligence through data warehousing and enterprise analytics. Teradata is in more than 60 countries and on the Web at www.teradata.com.

Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.

 

Contacts: 

Jarod Hector; GCI Group for Capgemini

Tel: 212-537-8051
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Dan Conway, Teradata Corporation
Tel: 858-663-4689
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