Accenture (NYSE:ACN) and a group of 10 leading financial institutions today opened the application period for the second class of the FinTech Innovation Lab Asia-Pacific, kicking off a competitive search for the top financial technology (fintech) innovators in the region.
Consumers increasingly see their relationship with their banks as purely transactional, leaving the door ajar for competitors hawking higher margin, advice-driven financial products, according to a survey of 4000 US adults by Accenture.
Craig Tillotson, CEO, Faster Payments Scheme Ltd and Jeremy Light, managing director, Accenture explain why FPSL is opening up access to Faster Payments, the 24/7 current account proposition and the role of vendors in the access model.
Accenture is looking to cash in on the trend for banks to share back office processing costs after receiving approval from the UK's Financial Conduct Authority for the operation of a new post-trade utility.
Global investment in fintech ventures tripled from $4.05 billion in 2013 to $12.2 billion in 2014, with Europe being the fastest growing region in the world, according to a new report by Accenture.
Banks must concentrate on harnessing a range of digital technologies or risk losing customers to a new wave of competitors, according to a report by the British Bankers Association (BBA) and Accenture.
Some of the biggest names in financial services are throwing their weight behind a UK competition giving fintech startups the chance to win a share of a £175,000 cash prize pot.
Visa is working with Accenture and Pizza Hut to test the use of onboard mobile and online commerce for car drivers.
Seven financial technology startups have won the chance to present their ideas to a panel of banks and investment firms at Accenture's London FinTech Innovation Lab, in what many market-watchers are expecting to be a break-out year for innovation in financial services.
Accenture (NYSE: ACN) and Backbase, a leading provider of customer experience management technology solutions, have entered into an alliance agreement in financial services to enable banking clients to improve customer engagement through digital channels.
© Finextra Research 2016