Less than Half of Financial Services Firms Confident in Their Ability to Meet LIBOR Transition Deadline, Accenture Report Finds

NEW YORK; Sept. 16, 2019 – While most banks, insurers and capital markets firms have plans to transition away from the London Interbank Offered Rate (LIBOR) — which regulators are set to phase out at the end of 2021 — less than half (47%) are confident they have the necessary talent and capabilities to complete the transition by then, according to a new report from Accenture (NYSE: ACN).
September 16, 2019

Banks Risk Losing US$280 Billion in Payments Revenue by 2025, According to Accenture Report

NEW YORK, LONDON and HONG KONG; Sept. 16, 2019 – As much as 15% of banks’ global payments revenue, or US$280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from Accenture (NYSE: ACN).
September 16, 2019

DTCC and Accenture Unveil Governance Operating Model to Manage Risks and Promote Safety Across Distributed Ledger Technology Landscape

New York; London; Hong Kong; Singapore; Sydney; Sept. 4, 2019 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, and Accenture (NYSE: ACN), a leading global professional services company, today published a white paper, Governing DLT Networks, introducing a DLT governance operating model to manage risks and consequences of an evolving DLT landscape, to ensure the safety and soundness of the network for the benefit of all participants and to better enable DLT to reach its full potential.
September 04, 2019

Accenture Acquires Parker Fitzgerald, Enhancing Its Risk Advisory and Assurance Capabilities for the Financial Services Industry

LONDON; Aug. 19, 2019 – Accenture (NYSE: ACN) has acquired Parker Fitzgerald, a strategic advisor and consulting partner to leading global financial institutions, further enhancing the business and technology capabilities within its Finance and Risk practice. Terms of the transaction were not disclosed.
August 19, 2019

Global Fintech Fundraising Fell in First Half of 2019, with Decline in China Offsetting Gains in the US and Europe, Accenture Analysis Finds

HONG KONG, NEW YORK and LONDON; Aug. 14, 2019 – Global investment in financial technology (fintech) ventures fell sharply in the first half of 2019, as fundraising and deal activity in China that had soared a year earlier ground to a halt, partially offsetting strong gains in the U.S., U.K. and several other European countries, according to Accenture (NYSE: ACN) analysis of data from CB Insights, a global venture-finance data and analytics firm.
August 14, 2019

Accenture Named a Leader in Enterprise Platform IT Services for Banking and Financial Services Sectors by Everest Group

NEW YORK; Aug. 5, 2019 – Accenture (NYSE: ACN) has been named a Leader in enterprise platform IT services for banking and financial services, including capital markets, in a report by industry analyst firm Everest Group.
August 05, 2019

Accenture Named a Leader in Next-Generation IT Infrastructure Services for Banking, Financial Services and Insurance by Everest Group

NEW YORK; Aug. 5, 2019 – Accenture (NYSE: ACN) has been named a Leader in next-generation IT infrastructure services for banking and financial services (BFS), including capital markets, and insurance in two reports from industry analyst firm Everest Group.
August 05, 2019

Accenture Collaborates with JPMorgan Chase to Create Flagship Branch

NEW YORK; June 26, 2019 – Accenture (NYSE: ACN) has collaborated with JPMorgan Chase & Co. (JPMC) to design its new flagship retail store within its global headquarter campus in New York City.
June 26, 2019

Canadians Would Warm to Open Banking with Assurance of Increased Security and Greater Awareness of Benefits, Accenture Survey Suggest

TORONTO; April 17, 2019 – Open banking technology is poised to change the way the world completes transactions, but three quarters (75 per cent) of Canadians say they are wary of the concept, citing concerns about the privacy of their financial data, according to a new survey commissioned by Accenture (NYSE: ACN).
April 17, 2019

Pressure to Reduce Costs Forcing Compliance Departments to Accelerate Technology Transformation, Accenture Report Finds

NEW YORK; April 1, 2019 – With most financial institutions’ compliance departments facing budget cuts, compliance professionals should accelerate their use of new technologies, including artificial intelligence (AI) and RegTech, to empower the next generation of compliance officers and reconfigure their operating models to keep pace with evolving business growth needs, according to a new report from Accenture (NYSE: ACN).
April 01, 2019