Accenture has been named as a global systems integrator partner for London-based Bowstreet, a supplier of Web-based e-business software for financial services organisations.
Accenture says it will train a team of staff to deploy Bowstreet's Business Web Factory at financial services client sites worldwide. The vendor-neutral Business Web Factory enables business people to customise and proliferate Web services without technical programming. Bowstreet software suite aims to provide financial services firms with the means to link partners and suppliers on the Internet, create new customisable Web services, and personalise product offerings.
"The financial services industry is characterised by constantly changing products individually tailored to diverse audiences through multiple distribution channels," says Kate Fessenden, research director, Enterprise XML, for the Aberdeen Group, the Boston-based research house. "The combination of Accenture’s integration power and Bowstreet’s technical agility holds great potential for helping financial services providers use the Internet to reach their partners and ultimately their customers."
Colin Davies, global managing partner in Accenture’s financial services B2B e-commerce practice, says: "Successful financial services organisations of the future will be those that can use the Internet to link their partners and suppliers quickly and to achieve economies of scale, as well as rapidly expand into new business areas."
The companies say they are currently prospecting at more than a dozen top-tier financial services organisations.