SRM Acquires Accourt Payments Specialists in United Kingdom, Strengthens Global Payments Consulting Capability
April 18 2024 - 10:00AM
Business Wire
SRM (Strategic Resource Management, Inc.), an independent
advisory firm serving financial institutions across North America
and Europe, today announced that, through its subsidiary SRM
Europe, it has acquired Accourt Payments Specialists, a provider of
payments consulting and other strategic services based in the
United Kingdom.
For 22 years, Accourt has provided expertise in payments,
regulation, and risk to a diverse group of clients, including
traditional financial institutions, large card issuers, processors,
payments schemes, and fintech entities.
Accourt’s leadership team, including Founding Partner John Berns
and Managing Partner Vaughan Collie, possess over four decades of
collective experience in international retail banking and payments,
and their deep bench has executed client projects from all corners
of the globe. They will be integrated into SRM Europe’s offering
and rebranded to Accourt Payments Specialists, an SRM Company.
This acquisition supports SRM’s long-term vision to be the
leading advisory firm for the financial services and payments
industry, supplementing the company’s client base in the UK and
European markets. To date, SRM has served over 1,000 financial
institutions – helping to deliver more than $5 billion in savings
and revenue growth back to those institutions.
“We’re thrilled to welcome the experts from Accourt Payments
Specialists to the SRM family,” noted Neil Whittaker, CEO of SRM
Europe. “This allows us to grow our brand in the UK and Europe,
consolidate and build on our strength in payments, and share our
30+ years of experience with several new clients in the European
market.”
In addition to its payments pedigree, Accourt provides strategy
and project delivery to its clients across critical areas of the
modern operational landscape – notably risk, fraud, cybersecurity,
and compliance. Considering the work ahead for financial
institutions navigating risk during the rise of AI and other
next-gen technologies, this deep knowledge was another incentive
for SRM to acquire the UK-based firm.
“It’s easy to see that the leadership team at SRM – both in the
US and Europe – is dedicated to delivering results to clients that
create significant operational and financial impacts,” said John
Berns of Accourt. “SRM shares our impartial, independent spirit and
desire to be great in our work and our culture. We are thrilled to
be part of the SRM enterprise going forward.”
About SRM
SRM (Strategic Resource Management, Inc.) has helped 1,000+
financial institutions add more than $5 billion of value to their
bottom line in areas such as payments, digital transformation, core
processing, integration services, and overall operating efficiency.
For 30+ years, SRM has lowered costs, created revenue
opportunities, increased productivity, and provided a competitive
edge for clients in an environment of constant and accelerating
change. Visit srmcorp.com for more information, and follow us on
LinkedIn and X (formerly Twitter) for timely and relevant
insights.
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Cristi Murray 650.339.2132 (m) cristi@williammills.com