Capco hopes to gain from Asia banks' pain

For the IT outsourcing and consultancy industry, FATCA, Basel III and Dodd-Frank are a gift, especially in Asia. But competition is tough.

It's fair to say that banks aren't impressed by the greater regulation that has befallen the financial services industry since the global financial crisis but, for the IT outsourcing and consultancy industry, FATCA, Basel III and Dodd-Frank are a gift.

The dilemma is particularly acute in Asia as banks, especially local and regional institutions, have struggled to meet some of the deadlines and face particular language issues when it comes to adapting their IT systems and processes.

This perhaps helps to explain why Capco, a global business and technology consultancy with a focus on financial services, opened an office in Hong Kong last month to serve...

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