Accenture Financial Services

198 results about this entity

Period: 17 Dec 2003 - 24 Mar 2023

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Accenture to cut 19,000 employees as corporate spending wanes

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Accenture to cut 19,000 employees as corporate spending wanes

Accenture has announced it will cut 19,000 jobs, 2.5% of its workforce, over the next 18 months. This follows a number of cutbacks in the finance and fintech sector amid a slowdown in IT spending.

Mainframe Modernisation, the Digital Endgame

Mainframe Modernisation, the Digital Endgame

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Mainframe modernisation: Overcoming hurdles to achieve agility

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Mainframe modernisation: Overcoming hurdles to achieve agility

For mainframe modernisation to be successful, financial institutions must remedy industry challenges that have permeated the space for several years. Steve Steuart - Global Head of Mainframe Migration and Modernization, Amazon Web Services (AWS) and Keval Mehta - FS Cloud Lead, Accenture, discuss how financial institutions can best develop their mainframe modernisation strategies and what the digital endgame looks like.

Brits still wary of trusting neobanks

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Brits still wary of trusting neobanks

Despite racking up millions of customers in recent years, digital challenger banks are still facing a lack of trust among Brits, most of whom do not even have faith that these new lenders will exist in a years' time, two new reports suggest.

How to build the regulator’s confidence in the cloud

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How to build the regulator’s confidence in the cloud

When moving to the cloud, meeting all risk, legal and compliance requirements is non-negotiable. The key question regulators are asking financial services providers is whether they have identified the operational risks associated with migrating to cloud computing, and if banks understand the process of managing these obstacles.

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Former New York regulatory chief Maria Vyllo joins FinTech Innovation Lab New York

Maria T. Vullo, former Superintendent of the New York State Department of Financial Services (DFS), has joined the FinTech Innovation Lab New York as a Regulator-in-Residence.

Mobile banking uptake at a standstill as consumers rethink bank relationships

Mobile banking uptake at a standstill as consumers rethink bank relationships

If the latest consumer research from Accenture is to be believed, UK bank customers are utterly confused about how best to access financial products, spurning the branch while remaining unmoved by digital interactions.

BofA leads on blockchain patents

BofA leads on blockchain patents

Bank of America has filed for or received more blockchain-related patents in the US than any other firm, beating out Mastercard and IBM for the top spot, according to research from law firm EnvisionIP.

RegTechs join Accenture's Fintech Innovation Lab London cohort

RegTechs, start-ups offering technology solutions for financial firms’ regulatory challenges, will join Accenture’s sixth FinTech Innovation Lab London in their own dedicated stream for the first time.

Retailers eye the potential of Open Banking

Retailers eye the potential of Open Banking

Large retailers are eyeing up the potential benefits of the forthcoming introduction of revised payment rules in Europe, with a sizeable proportion planning to tap directly into consumer account data to drive down transaction fees, tailor products, and create innovative loyalty programmes, according to research from Accenture.

RBS and Allianz join C$45m funding round for quantum computing startup 1QBit

RBS and Allianz join C$45m funding round for quantum computing startup 1QBit

A host of financial services firms, including the Royal Bank of Scotland, have joined a C$45 million Series B funding round for Vancouver-based quantum computing startup 1QBit Information Technologies.

Accenture and nCino in digital transformation alliance

Accenture (NYSE: ACN) and cloud-banking leader nCino are teaming to help banks transform their wholesale banking operations by increasing efficiency, driving profitability and reducing risk and compliance burdens.

Accenture hires Andre Israel to lead core banking consulting service

Accenture (NYSE: ACN) has hired Andre Israel as managing director and head of the company’s core banking consulting services for its financial services practice, effective immediately.

Accenture invites startups to apply for sixth London Fintech Innovation Lab

FinTech entrepreneurs are being invited to apply to Accenture’s (NYSE:ACN) sixth FinTech Innovation Lab London, a three-month program where early and growth stage companies receive mentoring and accelerate their business development working directly with top financial institutions, as fintech investments in the UK continue strongly.

Singapore consortium claims breakthrough in DLT payments project

Singapore consortium claims breakthrough in DLT payments project

A consortium of banks and technology vendors led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) have successfully developed software prototypes of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms.

PSD2: Brits don't trust retailers and social media platforms with bank details

PSD2: Brits don't trust retailers and social media platforms with bank details

As the revised Payments Service Directive (PSD2) nears, research from Accenture suggests that banks still have a strong trust advantage over third-party providers, with a clear majority of Brits unwilling to share their financial data with the likes of retailers and social media platforms.

Skills shortage impeding effectiveness of new tech in risk management

A new study by Accenture (NYSE: ACN) found that, while large financial institutions have made progress applying smart technologies like cloud, biometrics, and big data analytics to their risk management functions, two-thirds (66 percent) of executives say skills deficiencies are impeding the effectiveness of the function as these technologies evolve.

Accenture launches business analytics service for asset managers

Accenture (NYSE:ACN) has launched a new business analytics service for investment management institutions to help them benchmark, analyze and improve the performance of their business processes and technology.

UK insurtech investment hits record high despite Brexit jitters

Investment in UK insurtech has surged to record levels in a sign of confidence in the UK as a global hub for insurance technology, according to Accenture analysis of CB Insights data.

Accenture buys Canadian fintech consulting firm Verax

Accenture (NYSE: ACN) has acquired Verax Solutions, a Toronto-based technology and systems-integration consulting firm that serves the financial services sector in Canada. Financial terms were not disclosed.

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