December 01, 2020
Inversis and Accenture Sign a Strategic Agreement to Develop Outsourcing Solutions in Investment Services for Financial Firms Throughout Europe
As part of the agreement, Accenture will help Inversis reimagine its IT infrastructure and technology platform
MADRID; Dec. 1, 2020 – Inversis, a reference company in Spain that provides outsourcing and technology solutions for investment services for global financial institutions, and Accenture (NYSE: ACN), a global professional services company with leading capabilities in digital, cloud and security, have reached an agreement to develop an outsourcing solution to help financial institutions across Europe manage their financial asset distribution processes. Accenture will transform Inversis’ technology platform in the initial phase of the agreement.
The strategic agreement will help Inversis accelerate its growth plans to expand its services outside of the Spanish market. The outsourcing solution that Inversis and Accenture plan to develop will help financial institutions facing regulatory pressure and compressed margins replace fixed cost structures with flexible variable cost models. Accenture’s experience providing outsourcing services to large financial institutions, combined with Inversis’ securities processing services and fund platform, will create a unique solution for the market.
The outsourcing solution will help clients comply with regulations such as MiFID II; improve order processing and execution, settlements, and custody and management of financial assets; and will cover a full range of financial instruments and provide integrated access to more than 50,000 investment funds from over 450 asset managers. The solution will initially target financial services clients, including banks, insurers and fintechs, across Europe with the potential to expand to other geographies, including Latin America where Inversis has clients.
As the first phase of the agreement, Accenture will help Inversis modernize its existing technology platform, moving it to the cloud to enable the adoption of next-generation solutions, and will become the company’s technology partner. Accenture will manage the IT services work for the new Inversis platform, including application maintenance and development and infrastructure services.
"In 2019, Inversis announced its commitment to boosting the company’s value creation through a two-fold approach: the development of current services and products and/or the creation of new sources of income and greater geographical coverage,” said Alberto del Cid, CEO of Inversis. “After this agreement, Inversis will improve its results and value as a company thanks to an evolution of its technological platform, the incorporation of new clients at an international level, the positioning of its brand in other geographies and the development of new business models."
“Accenture looks forward to helping Inversis reimagine the asset distribution services experience for its financial services clients,” said Diego López Abellán, Accenture’s Financial Services Chief Executive in Spain, Portugal and Israel. “By shifting to the cloud and embracing next-generation technology solutions, the Inversis platform will become more agile and help meet the evolving needs of clients, including reducing transaction costs, providing real-time access to information, incorporating new functionalities, and the ability to scale to meet local regulatory requirements.”
Inversis is a reference company in Spain offering global technological investment and financial services outsourcing solutions to financial institutions, insurance companies and new actors that seek to enter the business of distributing investment products.
Since its creation, Inversis constantly invests in technology and innovation to adapt quickly to the needs of institutional businesses. Thanks to its technology, Inversis´ institutional clients are in a better position to outsource activities and processes that are not part of their core business, thus increasing their efficiency.
Inversis, in addition to being an investment product platform, provides intermediation, settlement and custody services and state-of-the-art technology outsourcing solutions; treasury services and capital markets; deposit services; 360º analysis and research services; and online brokerage and brokerage services.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 506,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
Accenture’s Capital Markets industry group helps wealth and asset managers, investment banks and exchanges rethink their business models, manage risk, redefine workplace strategies and improve operational efficiency to prepare for the digital future. To learn more, visit https://www.accenture.com/us-en/industries/capital-markets-index.
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José Luis Sánchez
+34 91 5966585