Tagged: accenture

March 15, 2021 @ 8:36 am By Omar Faridi  |  

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

December 10, 2020 @ 11:31 pm By Omar Faridi  |  

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

October 26, 2020 @ 12:39 pm By Omar Faridi  |  

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

October 18, 2020 @ 5:05 pm By Omar Faridi  |  

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

October 12, 2020 @ 8:55 pm By Omar Faridi  |  

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

July 30, 2020 @ 9:22 am By JD Alois  |  

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

July 21, 2020 @ 9:39 am By JD Alois  |  

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

July 19, 2020 @ 3:00 pm By Omar Faridi  |  

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

May 30, 2020 @ 5:20 pm By Omar Faridi  |  

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

May 17, 2020 @ 11:12 pm By Omar Faridi  |  

  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

April 3, 2020 @ 2:29 pm By Samantha Hurst  |  

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

March 15, 2020 @ 10:50 pm By Samantha Hurst  |  

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

February 21, 2020 @ 11:12 am By Omar Faridi  |  

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

February 3, 2020 @ 10:56 am By Samantha Hurst  |  

Accenture announced on Monday it has acquired Mudano, which is a strategic data consultancy to UK financial services firms, further enhancing its analytics, data and artificial intelligence (AI) transformation capabilities. Founded in 2014, Mudano notably advanced analytics, applied data science and modern data technologies to… Read More

January 8, 2020 @ 2:28 pm By Omar Faridi  |  

It’s been eight years since Accenture’s London-based Fintech Innovation Lab was launched. The innovation lab is now welcoming a new group of 20 Fintech companies, with reportedly a 50% increase in the number of women founders when compared to last year. The Lab has been… Read More

December 20, 2019 @ 11:17 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) announced on Friday it has completed its acquisition of consulting firm, Silveo. According to Accenture, Silveo is a French consulting company providing services and solutions for digital manufacturing and intelligent supply chains. Accenture also noted that Silveo brings a team of 50… Read More

December 15, 2019 @ 10:27 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) announced on Friday it has agreed to acquire Clarity Insights, a U.S.-based data consultancy with deep data science, artificial intelligence (AI) and machine learning (ML) expertise. Accenture claims that Clarity Insights is a leading provider of data science and AI/ML engineering capabilities for large… Read More

October 16, 2019 @ 9:04 am By Omar Faridi  |  

Investment in Fintech-related projects in Singapore increased significantly during the first nine months of this year. It was mainly led by fundraising rounds for payment companies and insurtech startups with a shift toward mature firms. As of October 2019, the combined value of Fintech deals… Read More

October 11, 2019 @ 4:50 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) announced on Friday it is set to acquire Sutter Mills, a French firm that specializes in developing and executing data-driven marketing strategies for clients. According to Accenture, the acquisition would strengthen Accenture Interactive’s ability to help brands, in France and throughout Europe, to… Read More

October 7, 2019 @ 4:48 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) announced last week it is set to acquire product development and engineering company, Nytec. Accenture reported that Nytec will become part of Accenture Industry X.0, which notably offers capabilities that drive the digital reinvention of industry. This also includes creating new types of… Read More