LONDON; May 9, 2016 – UK banks could create an £8.5 billion* revenue opportunity by broadening services for small and medium enterprises (SMEs), a sector which generates just under 50 percent of the UK’s private sector turnover, according to a new report from Accenture (NYSE: ACN).
LONDON; May 5, 2016 – Major European banks and insurance companies are ready to embrace digital technologies, but they are nearly 50 percent more effective in identifying the value of innovations than actually applying them to streamline their businesses, according to an Accenture (NYSE: ACN) analysis of 53 institutions in the continent’s five largest economies.
NEW YORK; April 26, 2016 – While the next wave of digital technologies will transform the very nature of insurance organizations – including what they do and how they do it – those that succeed will do so by dramatically transforming their workforces and cultures to operate in a digital world, according to a new report from Accenture (NYSE:ACN).
NEW YORK and LONDON; April 18, 2016 – Accenture (NYSE: ACN) and Apax Partners, a leading global private equity firm, have agreed to form a joint venture to accelerate the innovation of claims, billing and policy administration software for the insurance industry. As part of the joint venture, funds advised by Apax will acquire a 60 percent stake in Accenture’s Duck Creek Technologies, with Accenture retaining a 40 percent stake. The joint venture will operate as a new and independent company.
HONG KONG; April 17, 2016 – Applications open today for Asia-Pacific’s third annual FinTech Innovation Lab, Accenture’s (NYSE: ACN) 12-week program that helps early- and growth-stage financial technology (fintech) companies accelerate product and business development by gaining exposure to top financial institution executives. Applications can be made at www.fintechinnovationlab.com and close on May 31, 2016.
LONDON; April 13, 2016 – Global investment in financial technology (fintech) ventures in the first quarter of 2016 reached $5.3 billion, a 67 percent increase over the same period last year, and the percentage of investments going to fintech companies in Europe and Asia-Pacific nearly doubled to 62 percent. These are among the findings of a new report by Accenture (NYSE:ACN) analyzing global fintech trends. (Full report: www.fintechinnovationlablondon.co.uk/fintech-evolving-landscape.aspx)
ZURICH and BOGOTA, Colombia; Mar. 23, 2016 – Accenture (NYSE: ACN) recently completed building and implementing a new core insurance information technology system for Zurich Insurance Group (Zurich), marking the insurer’s entrance into the property and casualty (P&C) business in Colombia as part of its strategy for expansion in Latin America.
NEW YORK; Mar. 23, 2016 – Accenture (NYSE: ACN) has been positioned in the “Leaders” quadrant by Gartner in the February 2016 “Magic Quadrant for Life Insurance Policy Administration Systems, North America1” evaluated for its Accenture Life Insurance & Annuity Platform (ALIP).
NEW YORK; Mar. 16, 2016 – The ability of financial institutions’ compliance function to manage risk is being challenged by rising expectations for the function to play a stronger role in front-office processes, the increased volume and complexity of regulations, and a lagging data and technology architecture, according to a new compliance risk report from Accenture (NYSE: ACN).
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