Publicis.Sapient and Fintria Announce Strategic Partnership

*Note: Publicis.Sapient is now Publicis Sapient as of February 13, 2019.

Publicis.Sapient and Fintria, LLC on December 10th, 2018 announced a new strategic partnership that leverages technology and domain expertise to help affected financial institutions comply with the FDIC’s new 12 CFR Part 370 regulation.

The regulation affects the nation’s largest 38 banks and is estimated to cost them over $500M to clean up their depositor data and custom build a complex insurance determination system by April 1, 2020. The direct connection between Fintria’s domain expertise and recent product launch of its RCS 370 software combined with Publicis.Sapient’s strong data and project delivery capabilities provides affected banks with a comprehensive third-party solution to reduce compliance risk, cost, and time.

“We leveraged the acquired knowledge from our collective 50 years of FDIC experience, including support of 200 financial institution resolutions and leading the effort to build and optimize the FDIC’s insurance engine, to build RCS 370. This software incorporates thousands of scenarios to accurately calculate depositor insurance” said Loc Nguyen, CEO at Fintria.

“Our clients include the majority of the 38 affected institutions” said James Kessler, a Senior Vice President at Publicis.Sapient. After reviewing the solution provided by Fintria; we determined that this partnership was in the best interest of our clients to help them navigate this complex regulation.”

For a limited time, Fintria and Publicis.Sapient are offering affected institutions a free 1-2 day on-site workshop with our Part 370 SMEs to understand their challenges, answer questions, and provide a high-level roadmap to compliance.

To learn more about their solution, contact Sarat Kosuri at 1.302.353.4334, email sarat.kosuri@fintria.com, or visit the website at www.fintria.com.

Publicis Sapient is a technology company that provides enterprise AI platforms and services. With over 30 years of digital business transformation experience, we enable enterprise clients to transform how they operate and serve their customers, unlocking new value and enabling them to thrive in an AI-driven world. Our platforms Sapient Slingshot, Sapient Bodhi and Sapient Sustain use AI built off this deep enterprise context to help organizations modernize their legacy tech systems, build agentic solutions, and automate their IT operations.  The combination of our AI platforms and the expertise of our people enables us to deliver faster and more effective outcomes through solutions that are specific to the unique needs of our clients’ businesses, their industries and their customers.  Publicis Sapient is the technology hub of Publicis Groupe, uniting 20,000 people worldwide across 28 countries. For more information, visit publicissapient.com.

Fintria is a leading provider of services and technology products to financial institutions. We provide a full range of capabilities to help our clients grow and enhance their businesses. We have a proven approach of pragmatically addressing our clients’ needs in the areas of Technology and Regulatory Compliance Solutions, Cloud Services and Data Science.

Fintria operates in key financial and technology centers nationally, including New York, Washington, D.C., San Francisco, and Seattle.