U.S. Banks Face Up to US$320 Billion in Credit Write-offs in 2020 Due to COVID-19, Accenture Report Finds

NEW YORK, LONDON and HONG KONG; July 28, 2020 – As many countries across the globe shift from public-led stimulus to private-led debt to reduce the impact of COVID-19 on the financial system, the burden to keep the economy running will largely fall to private lenders. U.S. banks will set aside up to $320 billion to cover potential credit losses in 2020 due to the financial strain of the pandemic, according to a new report from Accenture (NYSE: ACN).
July 28, 2020

Patients Want to Continue to Use Virtual Care Even After the Pandemic Ends, Accenture Survey Finds

NEW YORK; July 9, 2020 – Patients have embraced virtual care and communications at very high rates as a result of COVID-19 and nine out of 10 reported the quality of care was as good or better than before, according to findings of an Accenture (NYSE: ACN) survey of 2,700 oncology, cardiology, or immunology patients globally.
July 09, 2020

Business Leaders Optimistic About Recovery in Europe, Research from Accenture Finds

PARIS and LONDON; July 7, 2020 – Two-thirds (66%) of business leaders globally are optimistic that the European market will make a relatively fast recovery from the economic downturn caused by the COVID-19 pandemic, according to a new report from Accenture (NYSE: ACN).
July 07, 2020

Communications Service Providers Hold the Key to Unlock the Future Home Ecosystem, According to New Book from Accenture

NEW YORK; June 18, 2020 Communications service providers (CSPs), such as wireless network operators, incumbent telecommunications companies, cable network businesses and internet service providers, will be central in the ecosystem needed to deliver on the promise of seamless and purpose-built digital services in the Future Home, according to a new book from Accenture.
June 18, 2020

Despite External Industry Threats, Few Wealth Managers Plan to Change Their Business Models, Accenture-Orbium Report Finds

LONDON; June 18, 2020 – Despite growing external threats to wealth managers’ businesses, including losses from intergenerational wealth transfers, nearly four in five wealth managers (78%) in Europe and Asia don’t plan significant changes to their traditional business models, according to a new report from Accenture (NYSE: ACN) and Orbium, part of Accenture Wealth Management.
June 18, 2020

Breaking Down Internal Barriers in Companies Crucial Amid Increasing Digitization, Accenture Study Finds

NEW YORK; June 17, 2020 – Many companies do not realize the full value of investing in digital projects due to a lack of collaboration among their critical business functions, according to a new study by Accenture (NYSE: ACN). The study found that 75 percent of executives said their departments compete rather than collaborate on digitization, which raises cost and eats up expected revenues gains.
June 17, 2020

Utility Industry Executives Say Rising Severe Weather from Climate Change Threatens Grid Operations and Increases Need for Resilience, According to Accenture Research

NEW YORK; May 14, 2020 – More than nine in 10 executives (95%) believe that climate change due to greenhouse gas emissions has been a contributing factor to increased extreme weather events that their electricity networks have experienced over the past 10 years, according to new research from Accenture (NYSE: ACN). In addition, 90% believe an expected rise in severe weather poses an increased financial risk to their grid businesses.
May 14, 2020

COVID-19 Increasing Consumers' Focus on "Ethical Consumption," Accenture Survey Finds

NEW YORK; May 4, 2020 – The COVID-19 pandemic is likely to alter consumer behaviors permanently and cause lasting structural changes to the consumer goods and retail industries, according to findings of an Accenture (NYSE: ACN) survey of more than 3,000 consumers in 15 countries across five continents.
May 04, 2020

Bank Fees are Getting Squeezed in the Face of Regulation and New Competitors, Putting 5% of Revenues at Risk, Accenture Report Finds

NEW YORK, LONDON and HONG KONG; March 10, 2020 – Incumbent banks are at risk of losing billions of dollars in retail revenues in the next three to five years, as new competitors draw customers with no-fee banking services and regulators in select markets mandate simple banking fee structures to protect consumers, according to a new report from Accenture (NYSE: ACN).
March 11, 2020

New Accenture Research Finds Leaders and Employees Hold Differing Views on Progress Toward Equality

NEW YORK; Mar. 4, 2020 – A significant gap exists between the way leaders and employees view progress toward equality in their organizations, according to new research from Accenture. Closing the gap will yield substantial benefits for companies and their employees.
March 04, 2020