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.
A new study by Accenture (NYSE: ACN) found that, while large financial institutions have made progress applying smart technologies like cloud, biometrics, and big data analytics to their risk management functions, two-thirds (66 percent) of executives say skills deficiencies are impeding the effectiveness of the function as these technologies evolve.
Accenture (NYSE:ACN) has launched a new business analytics service for investment management institutions to help them benchmark, analyze and improve the performance of their business processes and technology.
Investment in UK insurtech has surged to record levels in a sign of confidence in the UK as a global hub for insurance technology, according to Accenture analysis of CB Insights data.
Accenture (NYSE: ACN) has acquired Verax Solutions, a Toronto-based technology and systems-integration consulting firm that serves the financial services sector in Canada. Financial terms were not disclosed.
© Finextra Research 2017