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Capgemini and eBaoTech Form Strategic Alliance in Financial Services

Capgemini and eBaoTech form strategic alliance in financial services that expands client services in insurance sector, including consulting and deployment.

An expanded alliance to drive transformation projects for financial services clients was announced by eBaoTech (Shanghai), a provider of “new generation” software and services for the life and general insurance industries, and Capgemini Financial Services USA, Inc. , a global business unit of Paris-based Capgemini. The alliance focuses on an implementation and service agreement involving eBaoTech product sales, installation and customer services that demonstrate global delivery capabilities.

Capgemini and eBaoTech will now offer insurance solutions including consulting, deployment and related services. The two companies have worked together for the past three years in financial services, insurance and other industries, mainly in the Asia Pacific region.

As part of the alliance, Capgemini will collaborate with eBaoTech to explore business opportunities in both emerging and developed markets, focusing initially on Europe and Asia, and then will deliver implementation services and application maintenance from Capgemini’s technology center in Kunshan, China. Capgemini professionals have been trained on eBaoTech’s core platforms to provide implementation services to clients globally.

“The eBaoTech relationship is a great extension of our current global insurance solution footprint and will help us to deliver more innovative solutions to match our clients’ transformation needs,” said Erik de Haas, VP of Capgemini’s global financial services business unit and industry packages practice leader, in a press release.

“Both eBaoTech and Capgemini have a similar mission to enhance and transform clients through technologies,” said Woody Mo, CEO of eBaoTech, in a press release. “We are excited to combine Capgemini’s consulting and service capabilities with our deep industry knowledge to help clients achieve operational efficiency, improved delivery and sustainable business growth.”

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

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