Core Insights - The Temenos Community Forum (TCF) 2025 will gather over a thousand banking industry representatives to discuss transformative technologies, particularly Generative AI, shaping the future of banking [1][2] - The theme "Leading the Way" will feature over 60 sessions focused on bold ideas, product innovations, and technology to help banks overcome operational challenges [2] - Dr. Jonnie Penn from the University of Cambridge will present insights on Generative AI, including best practices and use cases in banking [3] Industry Participation - Banks such as ABN Amro, Banque Internationale à Luxembourg, and EQ Bank will showcase their experiences in innovation, efficiency, and customer experience [4] - Over 40 Temenos customers, including Commerce Bank, Komerční banka, and Credem, will share insights at the event [4] Partner Ecosystem - The event will feature a wide range of partners, including Platinum sponsors HCLTech and Microsoft, and Gold sponsors Capgemini, Cognizant, IBM, NTT Data, and Tech Mahindra [5] Program Highlights - Attendees will gain insights into Temenos' product roadmap and advancements in core banking, digital, and payments through demos and breakout sessions [6] - Roundtable discussions will cover high-impact topics such as migrating core banking systems, moving to SaaS, and deploying a Generative AI governance model [6] Financial Industry Context - The financial industry spends approximately $650 billion annually on IT, with top performers investing more in growth and innovation [7] - The TCF 2025 presents a unique opportunity for banks to learn from industry leaders and explore the potential of Generative AI and other transformative technologies [7]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The industry is transitioning from a document-driven KYC process to a data-driven model, emphasizing real-time, structured, and validated data to enhance compliance and operational efficiency [3][4] - A strategic data exchange model is proposed, which incentivizes corporate clients to provide verified data, thereby reducing operational costs and improving KYC compliance for Corporate Investment Banks (CIBs) [6][7][9] - The model aims to address the inefficiencies and high costs associated with traditional KYC processes, which require extensive documentation and lead to compliance fatigue [5][10][11] Summary by Sections KYC Data Acquisition - The traditional KYC process is labor-intensive, requiring corporations to submit numerous documents to multiple banks, resulting in 100 to 200 KYC document requests annually [5] - The new data-driven model leverages premium data aggregators to fulfill 70 to 80 percent of KYC requirements, streamlining compliance efforts [4] Strategic Data Exchange Model - This model is built on a proof-of-work mechanism, allowing clients to provide reliable data and earn incentives from CIBs, while CIBs earn credits from data providers [6][19] - The model enhances data quality and reduces long-term acquisition costs, positioning banks at the forefront of digital transformation [7][30] Benefits of the Model - The strategic data exchange model improves data availability and accuracy, with expected benefits of 95% data availability and 80% data accuracy [29] - It reduces compliance burdens for companies by minimizing redundant document submissions, leading to improved efficiency in banking relationships [32] - The model fosters industry-wide adoption and scalability, creating a standard for KYC data collection [34] Regulatory and Legal Considerations - The model must comply with global data protection laws such as GDPR and CCPA, ensuring that corporate-submitted data is used strictly for KYC purposes [35] - Clear contractual agreements are necessary to define responsibilities among banks, data vendors, and corporate participants [38] Implementation Framework - The implementation strategy includes identifying premium data aggregator partners, establishing API connectivity, and creating incentive structures for corporate clients [42] - Continuous monitoring and optimization of data quality and cost savings are essential for the model's success [42]

Press contact: Sereydana OumTel.: +33 6 61 42 03 59E-mail: sereydana.oum@capgemini.com Capgemini confirms its ESG commitment with an updated policy and enhanced objectives As a responsible organization, Capgemini remains committed to the ESG priorities set out in 2021 while unveiling new ambitious targets Paris, May 6, 2025– Capgemini has updated its ESG policy and objectives set in 2021, reinforcing its commitment to sustainable growth, responsible business practices, and corporate accountability. The upd ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The retail banking environment is rapidly evolving, and leveraging cards as a gateway offering is crucial for increasing wallet share and enhancing reach [5] - Credit and debit cards have grown beyond utility, presenting banks with opportunities for financial and market share advantages, but modern rewards programs are essential for long-term value creation [6] - Customer expectations are shifting towards hyper-personalized experiences, making traditional rewards systems insufficient [7] - A significant portion of cardholders (74%) are dissatisfied, indicating a risk of attrition for banks that do not enhance their loyalty programs [8] Summary by Sections Customer Loyalty and Experience - Banks must address both emotional and rational loyalty drivers to create experiences that motivate customers to prefer one card over another [9] - Purposeful loyalty combines transactional benefits with personalized experiences, leading to a stronger preference for a bank's services [19] Key Ingredients for Building Loyalty - Successful loyalty programs require a customer-centric focus, amplification of both rational and emotional drivers, and advanced digital experiences powered by data and AI [20] Addressing the Experience Gap - Many customers feel rewards programs are insufficiently personalized (73%), and a significant number find their banking experiences confusing [26][27] - Banks need to infuse loyalty programs with hyper-personalized recommendations and ensure seamless experiences across all touchpoints [25] Seven Essential Steps for Loyalty Transformation 1. Create hyper-personalized experiences with a human-centered design [28] 2. Enable customer data sharing and transparency [38] 3. Develop conversational customer journeys and engagement [46] 4. Generate content and offers dynamically [47] 5. Connect experiences across channels [54] 6. Establish new business models [55] 7. Implement a real-time value loop [56] Conclusion - Banks must transform their loyalty strategies to meet the expectations of digital-first customers, integrating AI and dynamic personalization into their rewards ecosystems [61] - By focusing on purposeful loyalty, banks can foster deeper emotional and transactional bonds with customers, ensuring long-term engagement and sustained revenue growth [62]

Financial Data and Key Metrics Changes - Revenue totaled $4.8 billion, down 1% year-over-year due to lower vehicle production in North America and Europe and negative customer mix [5][21] - Operating income reached a record $572 million, an increase of over 5%, reflecting strong operating execution and ongoing cost reduction initiatives [5][21] - Earnings per share hit a record $1.69, a 46% increase from the prior year, driven by higher operating income and share repurchases [5][23] - Operating cash flow totaled $273 million, positioning the company to accelerate its deleveraging plan [5][31] Business Line Data and Key Metrics Changes - Advanced Safety and User Experience (ASUX) segment revenues were flat, with Active Safety revenues increasing by 9% and User Experience down 14% due to the roll-off of legacy programs [25][13] - Engineered Components Group (ECG) revenues increased by 1%, driven by 24% growth in China, offsetting declines in North America and Europe [26][16] - Electrical Distribution Systems (EDS) revenues declined by 3%, primarily due to lower light vehicle production, but bookings included over $1 billion in new business awards [27][18] Market Data and Key Metrics Changes - In North America, revenues were down 2%, while in Europe, revenues decreased by 4% year-over-year [24] - In China, revenues grew by 2% year-over-year, driven by growth with local OEMs, despite significant production volume declines with a specific EV customer [24][26] Company Strategy and Development Direction - The company is focused on the transition to electrified, software-defined, and connected solutions, positioning itself to enable this transition across multiple end markets [7][35] - The separation of the EDS business is on track, expected to create two independent public companies with unique product portfolios and financial profiles [35][19] - The company is proactively adapting its business to evolving trade policies and customer needs, leveraging a localized supply chain and flexible cost structure [10][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth drivers of the business, despite current uncertainties due to rapid changes in global trade policies [8][9] - The company is closely monitoring demand changes and plans to update its full-year outlook when visibility improves [8][9] - Management highlighted strong cash flow generation and a robust balance sheet, providing flexibility to execute strategic initiatives [31][32] Other Important Information - The company completed a $3 billion accelerated share repurchase program, reducing its share count by 18% [6] - Bookings for the first quarter were nearly $5 billion, with strong traction in China and across various segments [11][12] Q&A Session Summary Question: Outlook and Tariff Impact - Management confirmed that the second quarter guidance is based on current visibility, with a focus on vehicle production schedules and customer pricing strategies [37][41] Question: High-Value Production Relocation - Management indicated that high-value production could potentially move back to the U.S., but this does not include the wire harness business [42][44] Question: Advanced Content Bidding Launches - Management noted that activity levels remain robust, although customer award timelines have been extended due to macro uncertainties [48][49] Question: EDS Spin and Macro Uncertainty - Management affirmed that the plan to separate EDS remains unchanged, focusing on growth and cost minimization [50][51] Question: Volume Decline and Guidance - Management clarified that the guidance reflects a volume question for the second half of the year, with no direct tariff impact expected [54][60] Question: China Market Performance - Management acknowledged strong growth in China, despite being impacted by a significant global EV manufacturer [62][63] Question: Tariff Commentary - Management confirmed that 99% of goods imported are USMCA compliant, implying minimal tariff costs [78][79]

Core Insights - Capgemini has launched a pioneering perpetual Know-Your-Customer (pKYC) sandbox aimed at enabling financial institutions to transition from traditional KYC processes to a more dynamic, real-time compliance framework [1][4][5] Group 1: pKYC Sandbox Features - The pKYC sandbox provides a secure testing environment for financial institutions to innovate and visualize the effectiveness of their KYC processes without risking customer data [4][9] - It integrates best-of-breed RegTech solutions and allows for real-time visualization of pKYC in action, showcasing its benefits to regulators [4][5] - The sandbox is designed to be flexible and modular, enabling easy implementation across various cloud platforms and technologies [3][5] Group 2: Industry Context and Benefits - The shift to pKYC addresses the vulnerabilities of static KYC processes, which can be exploited by financial criminals, thereby enhancing compliance and reducing risks [4][5] - The sandbox facilitates rapid testing and operational readiness, helping firms identify bottlenecks and optimize workflows for full-scale deployment [9] - Capgemini's recent acquisition of Delta Capita BV strengthens its position as a leading provider of Financial Crime Compliance (FCC) solutions, enhancing its offerings in risk management and regulatory compliance [6][1] Group 3: Strategic Importance - The pKYC sandbox represents a significant advancement in compliance, aligning with regulators' expectations for responsible innovation in the financial services industry [4][5] - Capgemini's commitment to innovation in the FCC space is demonstrated through strategic partnerships and targeted investments, accelerating the industry's shift toward perpetual KYC [5][6]

Media relations:Victoire GruxTel.: +33 6 04 52 16 55victoire.grux@capgemini.com Investor relations:Vincent BiraudTel.: +33 1 47 54 50 87vincent.biraud@capgemini.com Q1 2025 Revenues Q1 2025 revenues of €5,553 million, up +0.5% at current exchange rates and a decline limited to -0.4% at constant exchange rates1Bookings of €5,884 million representing a strong 1.06 book-to-bill for the period Paris, April 29, 2025 – The Capgemini Group reported Q1 2025 revenues of € 5,553 million, up +0.5% at current exchange ...

Company Leadership - Trigyn Technologies Ltd. has appointed Vikram Chandna as the new Chief Executive Officer, effective immediately, and he will be based in the USA [1][2] - Vikram Chandna will provide strategic leadership, focusing on scalable profitability and strengthening client relationships while driving growth and transformation initiatives [2][3] Executive Background - Vikram Chandna previously served as Vertical Business Unit Head for Financial Services and Hi-Tech at Birlasoft and has held significant leadership roles at Capgemini and Wipro Technologies [3] - His professional experience spans multiple regions, including Japan, India, and the United States, providing a cross-cultural perspective to Trigyn's global operations [3] Company Overview - Trigyn Technologies Ltd. is a global provider of IT services, solutions, and staffing, catering to public sector entities, international organizations, and major corporations [4] - The company emphasizes advanced technologies, innovation, and service excellence, offering customized solutions in areas such as cloud computing, cybersecurity, AI, data analytics, application development, and managed services [4]

Investment Rating - The report indicates a stable investment outlook for IT budgets, with the US expected to grow by 2.7% and Europe by 2.3% over the next twelve months, despite some downward revisions due to tariff impacts [2][29]. Core Insights - Data modernization and Generative AI (GenAI) have surpassed cybersecurity as the top investment priority for CIOs, reflecting a shift in focus towards analytics and digital transformation projects [3][36]. - The overall macroeconomic sentiment has worsened slightly, with 49% of US respondents expecting a decline in macro conditions, which may impact business services budgeting [10][40]. - CIOs have revised their IT budgets down by an average of 3% due to tariff impacts, with 42% expecting no impact from tariffs on their budgets [24][46]. Sector Summaries Software - Data analytics/GenAI is now the top investment priority, followed by digital transformation projects and customer-facing applications [36][8]. - Spending on public cloud infrastructure is expected to grow by 6.6% over the next twelve months, indicating strong demand driven by GenAI workloads [24][62]. Cybersecurity - Cybersecurity has dropped to the second investment priority, with a projected growth rate of approximately 5.3%, which is still higher than the overall IT budget growth [3][10]. - The emphasis on data analytics/GenAI is expected to benefit cybersecurity vendors that can secure GenAI deployments [11][19]. Communication Services and Infrastructure - Despite tariff uncertainties, the US budget for communication services remains resilient at 2.7%, with opportunities for digital transformation and GenAI adoption [10][23]. - Network infrastructure is expected to be negatively impacted by tariffs, ranking second among categories affected [10][49]. Hardware - Spending on PC storage and networking infrastructure is trending positively, while server spending is declining [27][28]. - A mixed recovery in IT hardware spending is noted, with 53% of respondents not expecting GenAI to impact their hardware budgets [28][91]. European Technology - European CIOs have shown increased caution, with a 3% negative impact on IT budgets due to tariffs, although growth expectations remain stable [24][33]. - Financial software and ERP applications are gaining prioritization, indicating resilience for companies like SAP [24][10]. GenAI Trends - Microsoft is the preferred vendor for GenAI investments, followed by Amazon, OpenAI, and Google, with a notable shift in budget allocation towards these technologies [4][67]. - 54% of CIOs expect GenAI investments to lead to a reduction in overall headcount within the next 1-2 years [26][75].

Core Insights - Capgemini has acquired Delta Capita BV and its subsidiary Delta Capita Academy BV to enhance its Financial Crime Compliance (FCC) services in Europe, particularly in the area of Know Your Customer (KYC) regulatory standards [1][2][4] - This acquisition marks Capgemini's second in the FCC sector within 18 months, positioning the company as a leading partner for KYC and FCC transformation globally [1][4] - The acquisition strengthens Capgemini's existing capabilities in financial crime, risk management, and regulatory compliance across Europe, complementing its operations in Romania, Poland, India, and the UK [1][3] Company Overview - Delta Capita BV, based in the Netherlands, has a team of over 200 KYC analysts and consultants experienced in navigating complex legal and regulatory frameworks [2] - The team specializes in KYC, anti-bribery and corruption, and risk management policy, serving major banks, insurers, and pension firms [2] - Capgemini's acquisition will enhance its advisory and managed services capabilities in FCC, addressing the increasing demand for regulatory services among European financial services clients [3][4] Strategic Importance - The acquisition is seen as critical for financial services firms that require comprehensive solutions for FCC transformation and ongoing management [4] - Capgemini's global scale and established expertise in financial services align well with Delta Capita's capabilities, making it a strategic fit for complex project scopes and a diverse client base [4] - The integration of Delta Capita's team is expected to augment Capgemini's European footprint in FCC, enhancing its service offerings in response to evolving local legislation [4]