Stevens signs three-year financial technology partnership with N.Y. consultancy

By Eric Strauss
Hoboken | Apr 22, 2020 at 12:47 pm

Stevens Institute of Technology has signed a three-year partnership with New York-based technology consultancy Capco to promote leading-edge research and education in support of the financial services industry’s rapidly changing technological requirements, the pair announced Wednesday.

Under the partnership, Capco will help Stevens develop a certificate program in financial analytics, conduct industry research, enhance student recruitment opportunities, create academic scholarships and more — including premier access to Stevens’ Hanlon Financial Systems Center.

“Capco has meaningful relationships with some of the biggest players in the financial services industry,” George Calhoun, director of Hanlon Labs and the undergraduate quantitative finance program at the Hoboken school, said in a prepared statement. “Together with Capco, we want to develop research that will assess how new and emerging technologies will continue to change the way companies manage risk, optimize portfolios and execute trading strategies in automated, high-frequency environments.”

Meanwhile, Stevens’ expertise in quantum technologies, machine learning, artificial intelligence and more will help Capco transform its clients’ digital profile. Capco has been named consulting firm of record on Stevens’ National Science Foundation’s FinTech Committee.

“Capco’s partnership with Stevens, one of the world’s premier technology research institutes, will enhance digital transformation across the financial services industry, and help our clients leverage innovative technology to solve their global business issues,” Capco CEO Lance Levy said in a statement. “We’re excited by the opportunities this creates for Capco, for Stevens’ researchers and, especially, our clients who will benefit from advanced research in innovative technology solutions in today’s fast-paced technology landscape of the financial services industry.”

One project, dubbed SHIFT, for Stevens High Frequency Trading, is a market simulation platform that will serve as a utility for Capco clients to test for algorithmic trading strategies and other software interfacing with the market. The SHIFT program is in its fourth year.

Eric Strauss | estrauss@roi-nj.com | @acerimrat