[March 15, 2017] |
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Accenture Launches North American Innovation Center for Finance & Risk
Accenture (News - Alert) (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
buildig 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/
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