Accenture Launches North American Innovation Center for Finance & Risk
March 15 2017 - 10:03AM
Business Wire
New York-based center will help financial
institutions accelerate and scale advanced analytics, data &
reporting initiatives
Accenture (NYSE:ACN) has opened the Innovation Center for
Finance & Risk in New York to help financial services clients
quickly develop and scale advanced data and analytics
capabilities.
The center, part of Accenture’s international innovation
network, focuses on developing solutions for finance and risk
(F&R) data management, data engineering, advanced analytics,
artificial intelligence and reporting. The center, which will offer
consulting, development and operations services across the
end-to-end data and analytics solution lifecycle, already has more
than 20 industry partnerships with universities, fintech startups
and global financial institutions.
Last month, Accenture announced that it is accelerating its
investments in innovation in the U.S., including opening 10 new
innovation hubs and expanding its regional network of technology
delivery centers by the end of 2020. The company also will invest
$1.4 billion in training to ensure its people have leading-edge
capabilities to serve its clients, while creating 15,000 highly
skilled new jobs in the U.S.
The Innovation Center for Finance & Risk in New York will
focus on helping financial institutions achieve cost-efficient
growth and enhance regulatory controls as they implement a new
generation of data and analytics capabilities, powered by big
data, cloud and artificial intelligence technologies, to address
regulatory reporting (including CCAR, CECL and FRTB), financial and
risk reporting. The new center will help institutions accelerate
that transition by using next-generation tools and technology
enabled by the Accenture Insights Platform (AIP), the Accenture
Labs – which redefine the possible with applied R&D – and by
leveraging Accenture’s software alliances.
Accenture is helping several of the world’s largest retail,
commercial and investment banks with initiatives to enhance their
data-science, analytics-technology and data-engineering
capabilities and embed analytics across their businesses. Using
cutting-edge technology and flexible delivery methods, Accenture
has helped these clients reduce the time to deploy these solutions
by as much as 80 percent while reducing implementation costs by
75 percent.
“Our new Innovation Center for Finance & Risk fosters deep
collaboration between our clients and Accenture data scientists and
technology experts, who understand their challenges,” said Antonio
Castro, the innovation center’s lead for Accenture Analytics, part
of Accenture Digital. “Together, we can work quickly and
effectively to ideate, prototype and scale solutions. The center
has already enabled us to accelerate delivery of next-generation
data platforms, including building the data pipelines, models and
dashboards for risk, marketing and performance reporting for a
number of leading financial institutions.”
Luther Klein, the center’s lead for Finance & Risk Services,
said, “This is all about accelerating innovation for institutions
that operate in the North American market. With the center, we are
providing a combination of data analysis, quantitative modelling
and functional resources that we can scale to support our clients’
needs. By using tools such as Python and Spark, banks are able to
leverage the center to enhance their finance and risk capabilities
and generate deeper analytics insight around big data. These
approaches are creating value for their businesses by streamlining
operations and fast-tracking the delivery of data management and
traceability initiatives.”
The center is part of the Accenture Innovation Architecture,
which combines capabilities from across the company to help clients
develop and deliver disruptive innovations, and to scale them
faster. From research, ventures and labs to studios, innovation
centers and delivery centers, it helps companies imagine the future
and bring it to life.
More information about Accenture’s Innovation Center for Finance
& Risk is available here.
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions – underpinned by the world’s largest
delivery network – Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With more than 394,000
people serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
Accenture Analytics, part of Accenture Digital, helps clients to
use analytics and artificial intelligence to drive actionable
insights, at scale. Accenture Analytics applies sophisticated
algorithms, data engineering and visualization to extract business
insights and help clients turn those insights into actions that
drive tangible outcomes – to improve their performance and disrupt
their markets. With deep industry and technical experience,
Accenture Analytics provides services and solutions that include,
but are not limited to: analytics-as-a-service through the
Accenture Insights Platform, continuous intelligent security,
machine learning, and IoT Analytics. For more information, follow
us @ISpeakAnalytics and visit www.accenture.com/analytics.
Accenture Finance & Risk Services is a business service
within Accenture’s Financial Services operating group that provides
management consulting and technology services to banks, insurers
and capital markets organizations. Its services are designed to
help financial services companies leverage the critical functions
of risk and finance as competitive differentiators in executing
their business strategy. It provides updates on the latest news and
analysis of regulations across major global economies through the
Accenture Regulatory Insights blog.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170315005698/en/
AccentureJames Murphy, + 1
917-452-0588james.p.murphy@accenture.com
Accenture (NYSE:ACN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Accenture (NYSE:ACN)
Historical Stock Chart
From Sep 2023 to Sep 2024