Despite increased efforts, banks are facing an uphill struggle in preparing for the Basel II Framework, which sets new standards in risk management and capital adequacy, according to results of a survey released today by Accenture.
Many of the worlds largest banks see significant challenges remaining in their preparations to implement the Basel II Capital Accord, according to a global survey of banks sponsored by Accenture, Mercer Oliver Wyman and SAP.
ING Group and Accenture have signed a five-year sourcing contract under which Accenture will manage ING Flexforce, a new service that provides ING Intermediair with complete management of its temporary insurance workforce in the Netherlands. Terms of the deal were not disclosed.
Barclays in the UK has signed a six-year contract worth more than £400m to outsource information technology (IT) application development and management related to its UK-based commercial and retail banking systems to Accenture (NYSE: ACN).
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