June 11, 2015

Accenture Launches Advanced Analytics Applications for Financial Services Industry to Enable Insight-Driven Decisions

New York; June 11, 2015 – Accenture (NYSE: ACN) is launching seven advanced analytics applications for the financial services industry, including banking and insurance companies, to simplify analytics decision-making by placing insight at users’ fingertips. Configured through the Accenture Analytics Applications Platform, the new advanced analytics applications are designed to help financial services companies improve customer experience and retention, increase sales, simplify the credit scoring process, and reduce costs associated with claims fraud.

Accenture’s Claims Fraud advanced analytics application

To deliver faster, insight-driven decision making, Accenture’s analytics applications can be customized for specific users – ranging from business executives to data scientists – and tailored with a company’s specific workflow process to solve a specific business problem. Through this individualized approach, users can increase their confidence in the advanced analytics insights and pursue data-driven actions for their company.

“Many financial services firms are involved in analytics projects today and are looking to drive more continuous value and opportunities from their data,” said Narendra Mulani, senior managing director, Accenture Analytics, part of Accenture Digital. “Through the use of tailored advanced analytics applications, companies can enable a variety of users to confidently make insight-driven decisions to solve their business issues. When an information-powered culture spreads throughout a company, the business can benefit as value in the form of increased revenues, improved capital efficiencies, and minimized risk can be realized.”

The advanced analytics applications are designed for:

Financial institutions and Insurance companies

Financial institutions

Insurance companies

Launched in May 2015, the Accenture Analytics Applications Platform facilitates the agile development of easy-to-use turnkey advanced analytics applications. To meet a company’s needs, the platform will be used to fully configure the advanced analytics applications with their specific operational workflow process and specific user requirements – for example, more granularity for data scientists and less data granularity for business users. Depending on how much customization is needed, applications can be ready for use in approximately one week to 60 days.

Accenture has 22 applications available for the retail, financial services, utilities and telecommunications industries. Additional details on Accenture’s analytics platform and applications can be found here and videos can be found on YouTube.

About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with more than 323,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.

Accenture Analytics, part of Accenture Digital, delivers insight-driven outcomes at scale to help organizations improve their performance. With deep industry, functional, business process and technical experience, Accenture Analytics develops innovative consulting and outsourcing services for clients to help ensure they receive returns on their analytics investments. For more information follow us @ISpeakAnalytics and visit www.accenture.com/analytics.

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Kathryn Zbikowski
+ 1 917 452 0127