Accenture | Global news | Financial Services

An overview of Accenture global news:

Australia

Banks argue CDR costs too high for limited consumer uptake With the support of Accenture, the Australian Banking Association (ABA) has released its latest strategic review of the country’s consumer data right regime, revealing an underwhelming level of uptak
08 July 2024
United Arab Emirates

UAE Central Bank selects Accenture for supervisory technology program The Central Bank of the UAE has launched a major digital transformation program aimed at enhancing the way how it supervises financial institutions, selecting Accenture as its consulting partner.
25 April 2024
United Arab Emirates

Commercial Bank of Dubai hires Accenture for tech-CX transformation The Commercial Bank of Dubai has selected Accenture as its consulting partner for a strategic technology transformation program.
15 December 2023
India

Reserve Bank of India selects McKinsey and Accenture for AI project The Reserve Bank of India has following a competitive bidding process selected McKinsey & Company and Accenture as its partner for an artificial intelligence project.
12 August 2023
Australia

NAB working with Accenture on massive compliance fix Consulting giant Accenture is reportedly working with the NAB on a “mammoth” project to fix the long-standing compliance issues which have recently led to increased regulatory scrutiny.
15 June 2021
United Kingdom

Nine-in-ten bank boards lack professional technology experience Around 90% of board directors at leading banks have confessed to lacking professional technology experience.
06 April 2021
United Kingdom

11 billion transactions shift to digital payments by 2023 The dramatic shift of consumers away from the use of cash has accelerated once again amid the Covid-19 pandemic.
03 December 2020
United States

US banks need to prepare for massive credit write-offs, says Accenture US banks will face up to $320 million in credit write-offs this year due to the pandemic, according to a recent report from consulting firm Accenture.
11 August 2020
Switzerland

Accenture alumnus Christian Skaanild joins Bordier & Cie Christian Skaanild, a former consultant at Accenture, has joined Swiss private bank Bordier & Cie.
29 May 2020
United Kingdom

AI can boost financial services revenue by $140 billion Artificial intelligence brings lots of promises to the financial services industry, including a way to address the scarcity of workers who possess data analytics, cybersecurity, and AI skills.
10 January 2020
United States

Accenture launches compliance-as-a-service offering Management and technology consultancy Accenture has expanded its managed services capabilities with a compliance-as-a-service offering aimed at the financial services industry.
02 December 2019
United Kingdom

10 ways challenger banks can differentiate themselves Based on a benchmark of the digital maturity of 160 retail and commercial banks from 20 countries, Accenture have identified what factors differentiate digital leaders from the rest.
19 November 2019
United Kingdom

Accenture buys financial services consultancy Parker Fitzgerald Global consultancy Accenture has reached an agreement to purchase specialist firm Parker Fitzgerald for an undisclosed sum.
21 August 2019
United Arab Emirates

ACCA hosts conference on technology in the Middle East finance sector
29 March 2019
United Kingdom

FinTech and challenger banks rapidly changing financial landscape Newcomers in the UK financial services sector are eating into the market share of traditional banks at an unprecedented rate, according to a new study.
07 November 2018
United Arab Emirates

Fidor and ADIB win Efma-Accenture award for innovative banking platform The German online bank Fidor has been awarded gold at the Efma Accenture Awards for its work with the Abu Dhabi Islamic Bank to establish a Shariah compliant community banking platform for the region
01 November 2018
United States

Accenture buys corporate and commercial lending specialist TargetST8 Global technology and management consulting firm Accenture has acquired New York-based corporate and commercial lending consultancy TargetST8.
23 October 2018
United Kingdom

Financial institutions failing to detect cyber breaches for over a week The world of business has been working diligently to respond to a glut of cyber threats that have hit home in recent years.
27 September 2018
United Kingdom

Blockchain could boost Aerospace and Defence digital thread performance A global survey of senior executives in North America, Europe and Asia Pacific has found that Blockchain technology is increasingly being used to extend the digital capacity of organisations across a
23 July 2018
United Kingdom

Accenture, Cognizant, Deloitte and Synechron support top blockchain consortium Leading consultancies have thrown their support behind the world’s largest open source Blockchain consortium.
25 April 2018
United Kingdom

Venture capital investment in FinTech reaches record $27.4 billion high Global investment in FinTechs by venture capital grew to a record $27.4 billion in 2017, spurred on by high deal value in the US, UK and India.
17 April 2018
United Kingdom

Sofgen CEO Andre Israel joins Accenture's banking consulting arm Professional services firm Accenture have confirmed the appointment of Sofgen CEO Andre Israel.
06 November 2017
United Kingdom

The benefits and use cases for blockchain technology in banking Blockchain, while still relatively new to the financial space, is seeing interest from around 90% of banking sector executives, according to a new study on the potential of the technology in the indu
15 November 2016
United Kingdom

Accenture bolsters digital banking arm with Allen International deal Accenture has pushed deeper into the Financial Services consulting space with the acquisition of Allen International, a London-based design consultancy that works for dozens of banking clients global
19 October 2016
United Kingdom

FinTech booming in Asia-Pacific, market nears $10 billion mark The Asia-Pacific region has seen a boom in FinTech investments over the past six years, jumping from a mere 10 deals valued at $100 million in 2010 to 192 deals with a total value of more than $9.6 billion.
15 September 2016
United Kingdom

Millennial and mass-affluence groups most likely to shift from bank American banking customers are seeking value from their banks, or else they will shift to another provider – a recent survey finds.
11 July 2016
United Kingdom

Accenture expands financial services blockchain footprint Blockchain technology is estimated to have the potential to save the financial services industry up to $20 billion by 2021.
23 February 2016
United Kingdom

15 start-ups selected for FinTech Innovation Lab London Accenture has selected 15 innovators for its 2016 FinTech Innovation Lab London, which aims at nurturing fintech start-ups that are developing new technologies for the financial services sector.
22 January 2016
United Kingdom

Boardrooms largest banks lack technology experience Less than 6% of boardroom members of the world’s largest banks have professional technology experience, research from Accenture shows. Of the more than 100 banks surveyed across the globe, 43% of boards had no member with professional technol
03 December 2015
United Kingdom

Banks should fix back office complexity to secure profit Banks should focus on back office technologies in order for them to stay nimble and safe, meet regulatory requirement, and compete with start-ups, research by Accenture shows. According to the consulting firm, while on demand digital solutions for
21 September 2015
United Kingdom

Accenture & Moven transform digital banking solutions Accenture and Moven have signed a services agreement that will see their combined innovation powers seek to create new digital banking solutions.
17 June 2015
United Kingdom

Accenture: 5 digital trends redefining insurance firms The insurance industry is set to be reshaped by 5 digital trends, research by Accenture shows. For insurance companies to profit from the digitalisation, only adopting digital technologies will not be enough. According to the firm, insurance compan
01 June 2015

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