Bank Fees are Getting Squeezed in the Face of Regulation and New Competitors, Putting 5% of Revenues at Risk, Accenture Report Finds

NEW YORK, LONDON and HONG KONG; March 10, 2020 – Incumbent banks are at risk of losing billions of dollars in retail revenues in the next three to five years, as new competitors draw customers with no-fee banking services and regulators in select markets mandate simple banking fee structures to protect consumers, according to a new report from Accenture (NYSE: ACN).
March 11, 2020

U.K. Neobanks Near 20 Million Customers in 2019, but Customer and Deposit Growth Rates Slow, According to Research from Accenture

LONDON; Feb. 24, 2020 – Neobanks operating in the U.K. added more than 6 million new customers in the second half of 2019, ending the year with 19.6 million customers globally, according to Accenture’s Digital Banking Tracker (NYSE: ACN).
February 24, 2020

Fintech Fundraising Grew Strongly in Most Major Markets in 2019, Accenture Analysis Finds

HONG KONG, NEW YORK and LONDON; Feb. 20, 2020 – Investment in financial technology (fintech) ventures rose sharply in most major markets in 2019, led by gains in the U.S. and U.K. and emerging economies such as India and Brazil, according to Accenture (NYSE: ACN) analysis of data from CB Insights, a global venture-finance data and analytics firm.
February 20, 2020

Financial Services Companies Could Generate $140 Billion in Productivity Gains and Savings by Modernizing Workforce Technologies, Accenture Study Finds

NEW YORK; Dec. 12, 2019 – Financial services companies in North America could unlock up to US$140 billion in productivity gains and cost savings by 2025 if they employ new technologies that help improve the efficiency and effectiveness of their workforces, according to a recent study by Accenture (NYSE: ACN).
December 12, 2019

Accenture Launches Cloud Native Solution to Help Clients Innovate New Products and Services Using the Public Cloud

TOKYO; Dec. 11, 2019 – Accenture (NYSE: ACN) has launched the Accenture Cloud Native Core Solution to help enterprises leverage the public cloud for maximum business agility and results.
December 11, 2019

Financial Firms Struggling to Assess Risks of Disruptive Technologies, Accenture Report Finds

NEW YORK; Dec. 3, 2019 – An overwhelming majority of financial firms’ risk managers don’t believe they can adequately assess the risks of disruptive technologies but are open to new strategies and tools to better manage emerging threats, according to a new report by Accenture (NYSE: ACN).
December 03, 2019

Accenture Introduces Offering to Help Financial Institutions Combat Financial Crime and Comply with Regulations

NEW YORK; Nov. 21, 2019 – Accenture (NYSE: ACN) has introduced a compliance-as-a-service offering to help financial institutions, fintech and technology companies cost-effectively combat financial crime and comply with related regulations.
November 21, 2019

FinTech Innovation Lab New York Now Accepting Applicants for 2020 Class

NEW YORK; Oct. 21, 2019 – Applications are now being accepted for the FinTech Innovation Lab New York, a 12-week program co-founded by Accenture (NYSE: ACN) and the Partnership Fund for New York City that helps early- and growth-stage fintech companies accelerate product and business development through in-depth collaboration with top financial services and venture capital firms.
October 21, 2019

Efma and Accenture Announce Winners of Customer Insight & Growth Banking Innovation Awards

PARIS, NEW YORK and HONG KONG; Oct. 16, 2019 – Eight banks from Asia, Europe and South America are winners of the seventh annual Efma-Accenture Customer Insight & Growth Banking Innovation Awards, which recognize innovative projects in retail banking distribution and marketing.
October 16, 2019

Singapore Fintech Fundraising Rises Sharply in 2019 to Date, Driven by Spike in Average Size of Payments and Insurtech Deals, Accenture Analysis Finds

SINGAPORE; Oct. 15, 2019 – Investment in financial technology (fintech) ventures in Singapore rose sharply in the first nine months of 2019, led by fundraising with payments startups and insurtech firms and a shift toward more-mature companies, according to an Accenture (NYSE: ACN) analysis of venture-finance data from CB Insights, Pitchbook and Tracxn.
October 14, 2019