ABA, Accenture Back Finxact — New Core Banking Cloud App
#Finxact has won backing from the American Bankers Association and #Accenture for a new #cloud-hosted #core #banking system.
Financial Technology
#Finxact has won backing from the American Bankers Association and #Accenture for a new #cloud-hosted #core #banking system.
Financial Technology
Business management consulting company #Accenture, acquired #fintech consultancy #VERAX, in a bid to #enhance its banking #technology #offerings in #Canada. The addition of VERAX’s technology (which delivers wealth management, brokerage, mobile and online banking, and capital markets “consulting initiatives” for leading financial institutions) will integrate into Accenture’s pre-existing technology capabilities for financial services within Canada. […]
Bank Innovation
The number of #insurtech firms with a focus on big data, artificial intelligence, and the Internet of Things has skyrocketed in recent years, with those firms attracting nearly half of the total funding spent globally on insurtech. According to a report by #Accenture, there are about 70 insurance startups focusing on big data now, up from […]
Bank Innovation
Making blockchains editable opens up financial systems to the potential for fraud, says author and investor Brian Kelly
Disruption to the financial services market is coming from several different angles, from regulations, to customer demand for change and cost. These factors have come together to aid the introduction of #fintech companies into the market.
Fintechs have appeared and started to disrupt numerous areas of finance, aided by a customer first approach and backed by #technology. Fintechs don’t have the legacy that the incumbents have and so are able to quickly roll out new services and features as customer requirements change.
While this agility is a vital factor behind the speed at which disruption is happening, another equally important factor is the support that they are receiving from consultancy firms.
This video highlights how the #Accenture #Cryptocurrency and #Blockchain solution harnesses blockchain, distributed ledgers and cryptocurrencies to allow new commerce capabilities on smart devices anywhere in the world. The entire bookkeeping process is digitized and payment settlement occurs in seconds, 24 hours a day, 365 days a year, with lower handling and currency conversion costs. For more information on Accenture Mobility visit accenture.com/mobility
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