DXC Luxoft and Caspian One Open Data announce strategic alliance.
London, UK, Sept. 11, 2024 – DXC Luxoft today announced that it has formed a strategic alliance with Caspian One Open Data.
The alliance pairs the market-leading open banking platform of Caspian One Open Data (Caspian) with the global delivery strengths of DXC Luxoft’s (Luxoft) development, system implementation and SaaS-hosting services.
The alliance sees the go to market strengths of both firms aligned, with the goal of accelerating open bankingadoption, as part of a shared commitment to digital transformation and innovation, in the North American banking markets.
Luxoft’s global reach, network and scale provides the perfect channel for Caspian’s dynamic, decentralized and ground-breaking open-banking platform, aligning both firms’ long-term goals and vision for the future of open banking.
Unique strengths and complementary expertise
Luxoft has helped Caspian build a universal open-banking platform, which is based on years of European and North American expertise implementing similar regulations. The Caspian platform is available for clients of all sizes, as a deployed solution or managed SaaS platform, managed by Luxoft and hosted on Amazon Web Services (AWS), launched on AWS EC2 custom cloud instances powered by 4th generation Intel Xeon scalable processors and Intel® Accelerator Engines.
Through collaboration with Intel and AWS, this deployment provides unmatched customer value including increase performance, cost savings and sustainability advantages for the biggest and fastest-growing workloads, across industries.
"This alliance strengthens our commitment to the banking segment and is an exciting opportunity to help all financial institutions meet the demand of open banking regulations. By leveraging Luxoft’s global development and implementation reach, the Caspian One Open Data solution can be quickly adopted by banks and service the open ecosystem principles for their end clients.” — Nic Arnold, Global Delivery, DXC Luxoft
The Luxoft / Caspian alliance is based on three fundamental principles:
Enhanced customer value: The alliance will ensure that clients see tangible value, making open banking more accessible, user-friendly and, above all, consistent. Our combined team is dedicated to delivering seamless integration, heightened security and a superior user experience
Commitment to innovation and growth: Both companies will make continued efforts and significant investments to remain in the vanguard of fintech innovation, pushing boundaries, driving growth and setting new open-banking standards
Market expansion and opportunity: This new alliance will open fresh markets and opportunities for Luxoft and Caspian, leveraging each other’s market presence and customer base. It will enable both parties to develop a broader customer base and tap into emerging open-banking opportunities in Canada and the United States
"Our goal has always been to provide a solution that goes beyond the ordinary, with a universal platform that caters to the unique requirements of financial institutions, whether big or small. Our alliance with Luxoft is a testament to our commitment to delivering customized, innovative solutions that redefine the standards of open banking. By integrating our open banking technology with the robust infrastructure and expertise of Luxoft, we are poised to transform financial services adoption. Together, we are setting new benchmarks for what financial institutions can achieve in a rapidly evolving digital landscape.” — Lewis Poe, CTO, Caspian One Open Data
Client retention and innovation
Luxoft and Caspian seek to help North American credit unions and banks achieve their open banking compliance quickly, freeing up resources to focus on offering new products and services to their customers that will emerge from open-banking ecosystems of participants, fintechs and service providers.
To see the original announcement click here.
To view our strategic alliance page click here.
About DXC Luxoft
DXC Luxoft is a trusted partner in global digital transformation and a leader in delivering competitive advantage in the software-defined world. We engineer and deliver innovative services and products that shape the future of industries by leveraging our extensive partnership network and deep industry-specific expertise. For more information, please visit www.luxoft.com
About Caspian One Open Data
Caspian's secure and innovative platform empowers financial institutions to participate in the open banking revolution. We offer a unique point-to-point data access solution, strategically aligned with the upcoming Canadian and US regulations. By partnering with Caspian, you can leverage our secure fintech ecosystem to unlock new financial products, foster innovation, and achieve regulatory compliance. For more information, visit www.caspian-evolve.com
