If the latest consumer research from Accenture is to be believed, UK bank customers are utterly confused about how best to access financial products, spurning the branch while remaining unmoved by digital interactions.
Bank of America has filed for or received more blockchain-related patents in the US than any other firm, beating out Mastercard and IBM for the top spot, according to research from law firm EnvisionIP.
RegTechs, start-ups offering technology solutions for financial firms’ regulatory challenges, will join Accenture’s sixth FinTech Innovation Lab London in their own dedicated stream for the first time.
Large retailers are eyeing up the potential benefits of the forthcoming introduction of revised payment rules in Europe, with a sizeable proportion planning to tap directly into consumer account data to drive down transaction fees, tailor products, and create innovative loyalty programmes, according to research from Accenture.
A host of financial services firms, including the Royal Bank of Scotland, have joined a C$45 million Series B funding round for Vancouver-based quantum computing startup 1QBit Information Technologies.
Accenture (NYSE: ACN) and cloud-banking leader nCino are teaming to help banks transform their wholesale banking operations by increasing efficiency, driving profitability and reducing risk and compliance burdens.
Accenture (NYSE: ACN) has hired Andre Israel as managing director and head of the company’s core banking consulting services for its financial services practice, effective immediately.
FinTech entrepreneurs are being invited to apply to Accenture’s (NYSE:ACN) sixth FinTech Innovation Lab London, a three-month program where early and growth stage companies receive mentoring and accelerate their business development working directly with top financial institutions, as fintech investments in the UK continue strongly.
A consortium of banks and technology vendors led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) have successfully developed software prototypes of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms.
As the revised Payments Service Directive (PSD2) nears, research from Accenture suggests that banks still have a strong trust advantage over third-party providers, with a clear majority of Brits unwilling to share their financial data with the likes of retailers and social media platforms.
© Finextra Research 2018