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

Accenture and Oracle Help Insurers Meet IFRS 17 and LDTI Accounting Standards

NEW YORK, Oct. 2, 2019 – Accenture (NYSE: ACN) and Oracle today unveiled an integrated technology and services offering that enables insurers to digitize their financial information and meet accounting reporting standards for the International Accounting Standard Board’s (IASB) IFRS 17 and US GAAP Long Duration Targeted Improvements (LDTI).
October 02, 2019

Disruptive Technologies Are the Key to Securing New Revenue Streams in Asset Management, According to Accenture

NEW YORK; Sept. 18, 2019 – Asset managers must readily embrace disruptive technologies to transform their operating models if they want to execute front-office strategies to pursue new revenue streams and meet evolving client expectations, according to a new report from Accenture (NYSE: ACN) based on a study performed jointly with the Investment Company Institute (ICI).
September 18, 2019

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

Accenture Positioned as a Leader in Gartner’s 2019 Magic Quadrant for Life Insurance Policy Administration Systems, North America

NEW YORK; Sept. 10, 2019 – Accenture (NYSE: ACN) has been positioned as a Leader in Gartner’s “Magic Quadrant for Life Insurance Policy Administration Systems, North America*” report for its Accenture Life Insurance and Annuity Platform (ALIP). 
September 10, 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

U.K. Digital-Only Banks on Track to Triple Customers to 35 Million in the Next 12 Months, Finds New Research From Accenture

LONDON; Sept. 4, 2019 – Digital-only banks operating in the U.K. could amass a total of 35 million customers globally within the next 12 months — up from 13 million today — based on current growth rates, according to new research from Accenture (NYSE: ACN) which tracks the performance of UK digital banks. In the first six months of 2019 alone, five million people opened an account with a digital-only bank.
September 04, 2019

Principal Financial Group Accelerates Growth Strategy with Accenture Life Insurance & Annuity Platform

NEW YORK; Aug. 28, 2019 – Accenture (NYSE: ACN) today announced that Principal Financial Group® (NASDAQ: PFG) has implemented the Accenture Life Insurance & Annuity Platform (ALIP) to enable its digital growth strategy with enhanced service levels and operating efficiency. Applying ALIP’s automated functionality and seamless connectivity to third-party partners, Principal® can provide its customers with faster service as a result of straight-through processing, while also improving its operations by redirecting valuable IT resources to more strategic initiatives.
August 28, 2019