Tagged: accenture

High-Potential Tech Firms Chosen for Fintech Innovation Lab New York

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Ten emerging tech firms have been chosen to participate in the 2022 Fintech Innovation Lab New York, which is a 12-week program “founded and run by Accenture (NYSE: ACN) and the Partnership Fund for New York City.” The program aims to assist early- and growth-stage… Read More

Cambridge Centre for Alternative Finance Launches Public-Private Partnership on Digital Asset Ecosystem

Bryan Zhang CCAF 2019

The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge, has launched a new public-private collaboration involving banks, public agencies, and private organizations aiming to provide insight into the emerging digital asset ecosystem. The mission is to help guide public opinion, inform… Read More

Accenture Acquires BCS Consulting to Enhance its UK Financial Services Consulting, Tech Solutions Business

London Parliament UK

Accenture (NYSE: ACN) has reportedly acquired BCS Consulting, a UK-based management consultancy that provides complex business change for financial services companies. With head offices in London, BCS Consulting’s 250 strong team joins Accenture’s U.K. Financial Services Strategy and Consulting practice, the announcement noted while adding… Read More

Open Banking Challenge and Hackathon, Focused on Variable Recurring Payments, to Launch this Month

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Major brands in the Open Banking space have unveiled a new challenge: The VRP Hackathon. It’s organized by Open Future World, Ozone and UK Finance and supported by Accenture, Mastercard, VOLT and Worldpay from FIS. Until now, Open Banking has mainly been focused on settling… Read More

Accenture Ventures Invests in Imburse, a Cloud enabled Payments as a Service Platform for Simplifying Global Digital Transactions

Switzerland Money

Accenture (NYSE: ACN) has reportedly made an investment, via Accenture Ventures, into Imburse, a Cloud-powered, payments-as-a-service enterprise platform that aims to simplify the way businesses gain access to the international payments ecosystem. Established in Zurich, Switzerland in 2018, Imburse works cooperatively with various insurers, banking… Read More

Fintech Innovation Lab Asia Pacific Returns in 2021, Aims to Help Early-Stage, High-Potential Startups

Science Chemistry Lab Experiment

The Fintech Innovation Lab Asia Pacific program has now returned for its eighth edition this year with additional opportunities for early-stage and high-potential startups. Cyberport, a founding partner, will be giving finalists from the 2021 cohort the chance to take part in the 2-year (or… Read More

BNPL Fintech Clearpay Research Reveals UK Millennials, Gen Z More Financial Savvy than Older Consumers

Covent Garden London UK

Research from Buy Now Pay Later (BNPL) service provider, Clearpay, reveals that Gen Z and Millennials may have been hit the hardest by the COVID-19 crisis, however, they’re the most financially savvy generation in the United Kingdom. Around 68% of Gen Z and 61% of… Read More

Accenture Report Reveals Most Banking Board Members Lack Technology Background to Manage Modern Financial Institutions

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Although banking platforms have been upgrading their legacy technology stacks and making substantial investments into their digital transformation strategies, their boards of directors still don’t have the tech-related expertise needed to effectively manage modern financial institutions. A report from Accenture reveals that only 10% of… Read More

Only 10% of UK Residents Trust Neobanks or Digital Challengers like Monzo, Revolut, Starling: Survey

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Although digital banking challengers have managed to onboard millions of new customers during the past few years, they’re still not completely trusted by UK-based consumers. Most of the nation’s residents don’t think that these new digital lenders will be able to maintain operations in the… Read More

Deep Tech Firms including Fintechs May Benefit from Accelerator Programs Offered by Large Corporations: Report

Fintech UK London Train Station

Technological innovation is not a new development or concept. During the past decade, however, a “powerful wave” of innovation based on digital platforms and applications has emerged and has now become synonymous with the tech industry, according to a report from the Boston Consulting Group… Read More

Accenture to Invest $3 Billion in Fintech Initiatives that Will Help Companies become Cloud First Businesses

Cloud Sky

David Jimenez Maireles, Customer Experience Officer at TNEX, a Vietnam based digital bank, claims that despite the skeptics, banks have been “no laggard when it comes to cloud adoption.” Banks have been migrating incrementally, and today “the average bank has 58% of its workloads in… Read More

AI and Machine Learning Can Help Fintechs if We Focus on Practical Implementation and Move Away from Overhyped Narratives, Researcher Says

Computer Code Keyboard Artificial Intelligence Machine Learning

Artificial intelligence (AI) and machine learning (ML) algorithms are increasingly being used by Fintech platform developers to make more intelligent or informed decisions regarding key processes. This may include using AI to identify potentially fraudulent transactions, determining the creditworthiness of a borrower applying for a… Read More

The Bank of England will Work with Accenture on Real Time Gross Settlement Service

Bank of England 2

The Bank of England has announced that Accenture has been appointed as the “Technology Delivery Partner for the Real Time Gross Settlement (RTGS) service Renewal Programme.” RTGS is where financial institutions hold their sterling bank accounts. The Bank of England will work with Accenture to… Read More

Banque de France Announces CBDC Candidate Selections

Banque de France

The Banque of France has announced its selection of firms that will take the next step regarding a Central Bank Digital Currency or CBDC. According to a release, following the examination of the applications received on 15 May in response to the Banque de France’s… Read More

Financial Giant BBVA Shares Results of Quantum Computing Tech Proof of Concepts for Improving Currency Aribtrage, Porfolio Management

bbva

BBVA (Banco Bilbao Vizcaya Argentaria, S.A.), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, has introduced the results of six proof of concept (PoC) trials that leverage quantum computing for several different potential business use… Read More

Digital Dollar Team: COVID-19 Socio-economic Crisis Is a “Call to Action” for Fintech to Address “Persistent Deficiencies” in Money Distribution

Digital Dollar Money Lincoln

The developers of the Digital Dollar project have published a detailed whitepaper that outlines the steps required for the US to issue its own virtual currency. As confirmed in the paper, the Digital Dollar Project is being developed with the assistance of the Digital Dollar… Read More

Accenture and Fujitsu Announce Launch of HyperLedger Cactus, an Open-Source Blockchain Integration Framework

Cactus Desert Arizona

  Michael Klein, the Blockchain and Multiparty Systems Architecture Lead at Accenture and Hart Montgomery from Fujitsu Laboratories announced on May 13, 2020, the launch of an open-source blockchain integration framework. The distributed ledger technology (DLT) framework has been developed with the help of Fortune 500… Read More

Accenture Announces Acquisition of B2B Marketing Service Agency Yesler

Accenture 1

Accenture (NYSE) announced on Thursday it has acquired Yesler, a B2B marketing service agency. This latest acquisition comes less than a month after Accenture acquired ESR Labs, a Munich-based company that develops embedded software for German car brands and suppliers, and Mudano, which is a… Read More

Accenture Announces Acquisition of German Embedded Software Company For Car Brands & Suppliers ESR Labs

Accenture 1

Accenture (NYSE: ACN) recently announced the acquisition of ESR Labs, a Munich-based company that develops embedded software for German car brands and suppliers. This news comes just days after Accenture acquired Mudano, which is a strategic data consultancy to UK financial services firms, further enhancing its… Read More

Banking Challengers Attracted Record Levels of Investments Last Year: Report

Bank Savings

Digital Banking Banking challengers have been introducing innovative financial products in order to compete with traditional banks. Challenger or neobanks attracted $5.2 billion in funding last year, which is more than triple of what they received back in 2018 ($1.6 billion). Italy-based Nexi, a digital… Read More

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