HONG KONG; Aug. 24, 2016 – Investments in Asia-Pacific financial technology (fintech) ventures, primarily in China, reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015, according to Accenture (NYSE:ACN) analysis of CB Insights data.
HONG KONG; Aug. 21, 2016 – Eight leading financial technology (fintech) companies today begin a 12-week mentorship program in the third annual FinTech Innovation Lab Asia-Pacific. The startups participating in this year’s Lab have developed a range of innovations – from wealth management solutions that are precisely oriented to customers’ investment intents, know your customer (KYC) services that leverage blockchain technology and a fraud prevention program using algorithms based in Chinese-characters to help financial institutions flag risk.
NEW YORK and LONDON; August 2, 2016 – Accenture (NYSE: ACN) has completed the sale of a majority stake in Duck Creek Technologies to funds advised by Apax Partners, a leading global private equity firm. As part of the agreement, which was originally announced on April 18, Accenture and Apax have formed a joint venture in which Apax funds hold a 60 percent stake in Duck Creek Technologies, and Accenture retains a 40 percent stake. Duck Creek will leverage new access to capital to accelerate development and expansion of property and casualty (P&C) insurance technologies.
NEW YORK; July 21, 2016 – Accenture (NYSE: ACN) has formed a new client informational board that will allow insurers using the Accenture Life Insurance & Annuity Platform (ALIP) to keep up-to-date and engage in informal discussion of new industry compliance requirements. The board will focus on the impacts of the latest releases from the United States Treasury Department and other regulatory bodies on life and annuity contract administration and detection of design trends.
PARIS, NEW YORK AND HONG KONG; July 13, 2016 – Retail banks worldwide have until 7 September 2016 to enter their solutions for Efma and Accenture’s fourth annual Distribution & Marketing Innovations Awards, which will take place in Barcelona, Spain on 26 October.
NEW YORK; June 29, 2016 – Nearly one-half (46 percent) of bank customers are open to use robo-advice for banking services – computer-generated advice and services, independent of a human advisor – according to a new report on the banking industry by Accenture (NYSE: ACN). Consumers in the U.S. are more open to robo-advice (46 percent) than Canadian consumers (43 percent).
NEW YORK; June 23, 2016 – New York received more financial technology (“fintech”) venture financing than Silicon Valley for the first time during the first three months of this year, according to a new report by Accenture (NYSE: ACN) and the Partnership Fund for New York City.
NEW YORK; June 23, 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 sixth annual New York FinTech Innovation Lab Demo Day.
TEL AVIV; June 20, 2016 – Accenture (NYSE: ACN) has joined a new hub of financial technology (fintech) start-ups based in Tel Aviv, Israel dubbed “The Floor.” As a supporter, Accenture will evaluate potential innovations for its clients and potentially its own strategic investments, while mentoring start-ups and strengthening its ties to the growing Israeli technology community.
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