Latest Accenture News: Finextra Research

Led by donkeys: Bank boardrooms lack computer literacy

While banks are ramping up their technology investments to keep pace with changing consumer demands and competition from challenger brands, their boards of directors lack the technology expertise to minimise the risks and maximise the benefits of their IT spending, according to a report by Accenture.

15 March 2021

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Monument picks tech vendors to build bank for mass affluent

Monument, a new digital-first UK bank for the mass affluent, has brought in Mambu, Salesforce, Amazon Web Services, Persistent Systems and Accenture for its technology build.

18 November 2020

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US must look to ‘future proof’ the dollar with a CBDC

Accenture and the Digital Dollar Foundation have published a whitepaper laying out proposals for the development of a central bank digital currency (CBDC) in the US.

04 June 2020

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Digital Dollar Project names advisory group

The Digital Dollar Project has put together a 22-strong advisory group to help shepherd its work on the creation of a US central bank digital currency (CBDC).

26 March 2020

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Customer growth and deposit balances wane for UK neobanks

Digital banking startups in the UK now cater to almost 20 million customers, but face a strenuous challenge to reach profitability in the face of slowing growth rates and a decline in deposit balances.

03 March 2020

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Global fintech fundraising holds up despite China dip

Global investment in fintechs dipped slightly in 2019 as strong growth in the US, India and Brazil was offset in China, where the mega-deals dried up, according to a report from Accenture and CB Insights.

21 February 2020

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Accenture boosts analytics skills with Mudano acquisition

Accenture has agreed to buy Mudano, a data consultancy that works with UK financial services firms. Financial terms were not disclosed.

03 February 2020

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Ex-CFTC chair launches Digital Dollar Foundation

Former Commodity Futures Trading Commission (CFTC) chair Chris Giancarlo is teaming up with Accenture to explore the creation of a US central bank digital currency (CBDC).

17 January 2020

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Swedish central bank taps Accenture for e-krona pilot

Sweden's central bank is set to sign a deal with Accenture to develop a digital currency, dubbed the e-krona, in a test environment.

13 December 2019

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Digital banks on track to treble customers in next year but profits remain elusive

Digital-only banks operating in the UK are set to experience massive growth over the next year, amassing 35 million customers around the world, according to research from Accenture, which nevertheless highlights obstacles to profitability.

03 September 2019

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Global fintech investment falls sharply

Global investment in fintech ventures fell sharply in the first half of 2019, as fundraising and deal activity in China ground to a halt, partially offsetting strong gains in the US, UK and several other European countries, according to Accenture analysis of data from CB Insights.

15 August 2019

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As blockchain hype subsides, banks count the cost of early euphoria

Banks and technology companies have poured billions of dollars into blockchain projects, but as the hype dies down, many of the early evangelists for the technology have come to the conclusion that production-ready deployment still remains a distant goal.

19 July 2019

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