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.
Caixa Catalunya, Spain’s third-largest savings bank, and Accenture have signed an information technology outsourcing agreement valued at more than US$290 million over 10 years.
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).
Accenture (NYSE: ACN) has signed an agreement with Euroclear under which Accenture will provide application development sourcing services to Euroclear.
Deutsche Bank has signed a master services agreement with Accenture to enter into a business process outsourcing (BPO) relationship for Corporate Purchasing and Accounts Payable services worldwide.
Accenture and Financial ServiceSolutions LLC have signed an agreement to work together to provide mortgage origination and fulfillment business process outsourcing (BPO) in the United States.
Accenture (NYSE: ACN) and SAP AG (NYSE: SAP) have signed an agreement to develop and deliver information technology (IT) solutions for banks and insurance companies worldwide.
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