Accenture (NYSE: ACN) has signed a four-year agreement to maintain and enhance core banking applications for the Chile division of Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA Madrid: BBVA).
Accenture will maintain all of the technology applications that power the bank's core operations, from deposits and checking to a full range of customer contact channels. BBVA Chile's core banking platform is based upon Accenture's Alnova Financial Solutions.
"This agreement reflects our successful relationship with BBVA around the globe," said Juan Pedro Moreno, global managing director of Accenture's banking industry practice. "BBVA's strong position in Chile, across Latin America and around the world is a result of its clear vision for how operations and technology should center on its customers. We are proud of our decades of work helping the bank achieve that vision and look forward to our new role in helping evolve and improve its core system in Chile through our application outsourcing services."
Core banking systems are sophisticated technology applications that support banks' primary services - from deposit gathering, lending and mortgages to checking, savings, ATM and credit card services, and online and mobile banking. They can also support a wide range of regulatory reporting and compliance functions for banks. BBVA Chile will be supported by Accenture Core Banking Services, which has helped design and implement core banking systems for more than 200 institutions globally. The Alnova software platform is an award winning core banking solution with more than 100 clients in more than 20 countries.