Retail and commercial banks and diversified financial enterprises
January 17, 2017

Blockchain Technology Could Reduce Investment Banks’ Infrastructure Costs by 30 Percent, According to Accenture Report

NEW YORK; Jan. 17, 2017 – Blockchain technology could reduce infrastructure costs for eight of the world’s 10 largest investment banks by an average of 30 percent, translating to $8 billion to $12 billion in annual cost savings for those banks, according to a new report by Accenture (NYSE: ACN) and McLagan which is part of Aon Hewitt, a business unit of Aon plc (NYSE: AON).
January 16, 2017

Fintech Innovation Lab London Kicks Off Largest Programme in Its Five-Year History

LONDON; Jan. 16, 2017 – The 20 innovative startups chosen from among more than 300 fintech entrepreneurs around the globe who applied for Accenture’s FinTech Innovation Lab London represent the largest class in the London Lab’s five-year history. This year’s programme also received the greatest number of applicants, with increased interest from startups in the Middle East, Turkey, Russia, the Nordics and North America.
January 11, 2017

Seven out of 10 Consumers Globally Welcome Robo-Advice for Banking, Insurance and Retirement Services, According to Accenture

NEW YORK, LONDON, HONG KONG; Jan. 11, 2017 –Seven in 10 consumers around the world would welcome robo-advisory services – computer-generated advice and services that are independent of a human advisor – for their banking, insurance and retirement planning, according to a new report by Accenture (NYSE: ACN). Yet, a large number of consumers still want human interaction for their more complex needs, leaving firms challenged with blending a physical presence with an advanced digital user-experience, as they look to integrate robot and human services.
January 09, 2017

Dubai International Financial Centre Launches ‘FinTech Hive at DIFC,’ the Region’s First FinTech Accelerator, Supported by Accenture

DUBAI, UAB; Jan. 10, 2017 – Dubai International Financial Centre (DIFC), the financial hub for the Middle East, Africa and South Asian (MEASA) region, and Accenture, a leading global professional services company, today announced the region’s first FinTech accelerator in Dubai. 
November 08, 2016

Eight FinTech Innovation Lab Asia-Pacific Startups Featured at Investor Day in Cyberport

HONG KONG; Nov. 8, 2016 – A select group of leading-edge financial services technology (fintech) companies demonstrated their products and services to dozens of top bank, venture capital and technology executives today at the third annual FinTech Innovation Lab Asia-Pacific Investor Day.       
October 25, 2016

Nine out of 10 Major Banks in North America and Europe are Exploring the use of Blockchain Technology for Payments, Accenture Survey Finds

NEW YORK; Oct. 25, 2016 – Nine out of 10 banking professionals surveyed at large U.S., European and Canadian commercial banks said their company is currently exploring the use of blockchain technology for payments, according to a new report from Accenture (NYSE: ACN). The initiatives are designed to reduce costs, speed payments, reduce errors and drive new revenues. 
October 24, 2016

Accenture, Partnership Fund for New York City and Leading Banks Call for Applicants for New York FinTech Innovation Lab 2017

NEW YORK; Oct. 24, 2016 – Applications are now being accepted for New York’s seventh annual FinTech Innovation Lab, a 12-week program co-founded by Accenture (NYSE: ACN) and the Partnership Fund for New York City that helps early- and growth-stage financial technology (fintech) companies accelerate product and business development by gaining exposure to top bank and venture capital executives. Applications are available at www.fintechinnovationlab.com and are due by December 1, 2016. An information session will be held for applicants on November 7.
October 18, 2016

Mobile Payments Awareness Grows, Cash Use Declines; Consumers Demand more to make the Leap to Mobile, Accenture Survey Finds

NEW YORK; Oct. 18, 2016 – Sixty percent of consumers in North America use cash at least weekly to make purchases at a merchant location, down seven percentage points from 2015 – the most significant decline in use of traditional payment methods over the past year, according to a new report from Accenture (NYSE: ACN). Awareness of mobile phone payments increased four percentage points from last year to 56 percent, however the regular use of mobile payments remains flat at 19 percent.
October 18, 2016

Accenture Expands Capabilities in Branch and Digital Transformation with Acquisition of Allen International

LONDON; Oct. 18, 2016 – Accenture has acquired Allen International, a leading design consultancy focused on helping banks transform their branch networks and digital capabilities to reduce costs, increase revenues and better engage customers. Allen International has worked with more than 350 banks around the world including nine of the top 20 banks. 
October 13, 2016

Accenture Launches New Solution for Mortgage Lenders that Transforms Delivery of Business Process Outsourcing

NEW YORK; Oct. 13, 2016 – Accenture (NYSE: ACN) has introduced a revolutionary solution, Mortgage & Compliance as-a-Service (MCaaS), designed to help simplify the outsourcing model for lenders by providing a prescribed, end-to-end, product-rich mortgage manufacturing solution, coupled with the U.S. mortgage industry’s only warranty for compliance and investor risk. MCaaS loans will be processed on the Accenture Credit Services proprietary lending technology platform, LoanSequence.