Accenture | Global news | Banking

An overview of Accenture global news in the Banking industry:

United Kingdom

Europe | United Kingdom

Digital wallet use still low in UK as cash remains king Despite continued hype for an approaching ‘cashless-society’, physical currency remains a dominant payment method for consumers around the world.
22 December 2022
Asia

Asia | Regional

Banks should ramp up technology expertise in their boardroom The banking sector has in recent years been forced to significantly boost investments in technology, and in its slipstream improve technology expertise in the boardroom.
07 September 2021
Australia

Oceania | Australia

NAB working with Accenture on massive compliance fix Consulting giant Accenture is reportedly working with the NAB on a “mammoth” project to fix the long-standing compliance issues which have recently led to increased regulatory scrutiny.
15 June 2021
United Kingdom

Europe | United Kingdom

Nine-in-ten bank boards lack professional technology experience Around 90% of board directors at leading banks have confessed to lacking professional technology experience.
06 April 2021
United Kingdom

Europe | United Kingdom

11 billion transactions shift to digital payments by 2023 The dramatic shift of consumers away from the use of cash has accelerated once again amid the Covid-19 pandemic.
03 December 2020
Asia

Asia | Regional

Ten startups that can disrupt the financial services industry Accenture has announced the ten FinTechs which have been selected for the firm’s Asia-Pacific FinTech Innovation Lab.
08 October 2020
United Kingdom

Europe | United Kingdom

Accenture to help Bank of England with payments overhaul The Bank of England has hired IT consulting firm Accenture to refresh a key part of the UK’s crucial payments system in a deal worth up to £150 million.
14 August 2020
United States

North America | United States

US banks need to prepare for massive credit write-offs, says Accenture US banks will face up to $320 million in credit write-offs this year due to the pandemic, according to a recent report from consulting firm Accenture.
11 August 2020
Asia

Asia | Regional

Synpulse and Orbium are Asia's top wealth consultancy firms Consulting firms Orbium and Synpulse have been named Asia’s top consultants to the wealth management industry.
08 June 2020
Switzerland

Europe | Switzerland

Accenture alumnus Christian Skaanild joins Bordier & Cie Christian Skaanild, a former consultant at Accenture, has joined Swiss private bank Bordier & Cie.
29 May 2020
United Kingdom

Europe | United Kingdom

Neobanks struggle to turn popularity into profit Digitally savvy neobanks in the UK have seen their customer-base grow rapidly in the last year, adding around 6 million new users.
17 March 2020
United Kingdom

Europe | United Kingdom

AI can boost financial services revenue by $140 billion Artificial intelligence brings lots of promises to the financial services industry, including a way to address the scarcity of workers who possess data analytics, cybersecurity, and AI skills.
10 January 2020
United Kingdom

Europe | United Kingdom

10 ways challenger banks can differentiate themselves Based on a benchmark of the digital maturity of 160 retail and commercial banks from 20 countries, Accenture have identified what factors differentiate digital leaders from the rest.
19 November 2019
United Kingdom

Europe | United Kingdom

UK digital-only banks could amass 35 million customers Digital-only banks operating in the UK are set to experience massive growth over the next year, and if their current rates of growth continue they could have 35 million global customers by 2020, acco
13 September 2019
United States

North America | United States

JPMorgan Chase opens high-tech branch with design support from Accenture JPMorgan Chase, the largest US bank, opened its flagship retail store at 390 Madison Avenue on June 25.
05 July 2019
United States

North America | United States

Banks spending big bucks on digital, but not getting anticipated revenue gains Global commercial and retail banks have spent $1 trillion on IT operations (hardware, software, services, and IT staff costs), but the investment hasn’t yet delivered anticipated gains in revenue, ac
28 June 2019
Asia

Asia | Regional

Accenture and nCino expand digital banking alliance to Asia Pacific Accenture and the cloud-based digital banking provider nCino are expanding their alliance to the Asia Pacific and EMEA.
05 March 2019
Italy

Europe | Italy

Accenture acquires SEC Servizi from Intesa Sanpaolo Accenture has acquired SEC Servizi, a Italian company that provides technology services and software applications to financial institutions.
05 December 2018
Latin America

Latin America | Regional

Latin American and the Caribbean’s new blockchain alliance The Inter-American Development Bank’s latest initiative focused on strengthening the Americas position as a global leader in Industry 4.0 technologies is LAC-Chain.
21 November 2018
United Kingdom

Europe | United Kingdom

FinTech and challenger banks rapidly changing financial landscape Newcomers in the UK financial services sector are eating into the market share of traditional banks at an unprecedented rate, according to a new study.
07 November 2018
Latin America

Latin America | Regional

Colombian and Brazilian banks awarded for innovation A Brazilian and a Colombian financial institution have walked away as winners at the annual EFMA and Accenture Distribution & Marketing Innovation Awards 2018.
01 November 2018
United Arab Emirates

Middle East | United Arab Emirates

Fidor and ADIB win Efma-Accenture award for innovative banking platform The German online bank Fidor has been awarded gold at the Efma Accenture Awards for its work with the Abu Dhabi Islamic Bank to establish a Shariah compliant community banking platform for the region
01 November 2018
United States

North America | United States

Accenture buys corporate and commercial lending specialist TargetST8 Global technology and management consulting firm Accenture has acquired New York-based corporate and commercial lending consultancy TargetST8.
23 October 2018
United Kingdom

Europe | United Kingdom

Financial institutions failing to detect cyber breaches for over a week The world of business has been working diligently to respond to a glut of cyber threats that have hit home in recent years.
27 September 2018
United Kingdom

Europe | United Kingdom

Accenture, Cognizant, Deloitte and Synechron support top blockchain consortium Leading consultancies have thrown their support behind the world’s largest open source Blockchain consortium.
25 April 2018
United Kingdom

Europe | United Kingdom

Venture capital investment in FinTech reaches record $27.4 billion high Global investment in FinTechs by venture capital grew to a record $27.4 billion in 2017, spurred on by high deal value in the US, UK and India.
17 April 2018
United Kingdom

Europe | United Kingdom

Sofgen CEO Andre Israel joins Accenture's banking consulting arm Professional services firm Accenture have confirmed the appointment of Sofgen CEO Andre Israel.
06 November 2017
United Kingdom

Europe | United Kingdom

The benefits and use cases for blockchain technology in banking Blockchain, while still relatively new to the financial space, is seeing interest from around 90% of banking sector executives, according to a new study on the potential of the technology in the indu
15 November 2016
United Kingdom

Europe | United Kingdom

Accenture bolsters digital banking arm with Allen International deal Accenture has pushed deeper into the Financial Services consulting space with the acquisition of Allen International, a London-based design consultancy that works for dozens of banking clients global
19 October 2016
United Kingdom

Europe | United Kingdom

Millennial and mass-affluence groups most likely to shift from bank American banking customers are seeking value from their banks, or else they will shift to another provider – a recent survey finds.
11 July 2016
United Kingdom

Europe | United Kingdom

Accenture expands financial services blockchain footprint Blockchain technology is estimated to have the potential to save the financial services industry up to $20 billion by 2021.
23 February 2016
United Kingdom

Europe | United Kingdom

Boardrooms largest banks lack technology experience Less than 6% of boardroom members of the world’s largest banks have professional technology experience, research from Accenture shows. Of the more than 100 banks surveyed across the globe, 43% of boards had no member with professional technol
03 December 2015

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