Accenture | News | Banking

An overview of Accenture news in the UK:

Digital wallet use still low in UK as cash remains king Despite continued hype for an approaching ‘cashless-society’, physical currency remains a dominant payment method for consumers around the world.
22 December 2022
Nine-in-ten bank boards lack professional technology experience Around 90% of board directors at leading banks have confessed to lacking professional technology experience.
06 April 2021
11 billion transactions shift to digital payments by 2023 The dramatic shift of consumers away from the use of cash has accelerated once again amid the Covid-19 pandemic.
03 December 2020
Accenture to help Bank of England with payments overhaul The Bank of England has hired IT consulting firm Accenture to refresh a key part of the UK’s crucial payments system in a deal worth up to £150 million.
14 August 2020
Neobanks struggle to turn popularity into profit Digitally savvy neobanks in the UK have seen their customer-base grow rapidly in the last year, adding around 6 million new users.
17 March 2020
AI can boost financial services revenue by $140 billion Artificial intelligence brings lots of promises to the financial services industry, including a way to address the scarcity of workers who possess data analytics, cybersecurity, and AI skills.
10 January 2020
10 ways challenger banks can differentiate themselves Based on a benchmark of the digital maturity of 160 retail and commercial banks from 20 countries, Accenture have identified what factors differentiate digital leaders from the rest.
19 November 2019
UK digital-only banks could amass 35 million customers Digital-only banks operating in the UK are set to experience massive growth over the next year, and if their current rates of growth continue they could have 35 million global customers by 2020, acco
13 September 2019
FinTech and challenger banks rapidly changing financial landscape Newcomers in the UK financial services sector are eating into the market share of traditional banks at an unprecedented rate, according to a new study.
07 November 2018
Financial institutions failing to detect cyber breaches for over a week The world of business has been working diligently to respond to a glut of cyber threats that have hit home in recent years.
27 September 2018
Accenture, Cognizant, Deloitte and Synechron support top blockchain consortium Leading consultancies have thrown their support behind the world’s largest open source Blockchain consortium.
25 April 2018
Venture capital investment in FinTech reaches record $27.4 billion high Global investment in FinTechs by venture capital grew to a record $27.4 billion in 2017, spurred on by high deal value in the US, UK and India.
17 April 2018
Sofgen CEO Andre Israel joins Accenture's banking consulting arm Professional services firm Accenture have confirmed the appointment of Sofgen CEO Andre Israel.
06 November 2017
The benefits and use cases for blockchain technology in banking Blockchain, while still relatively new to the financial space, is seeing interest from around 90% of banking sector executives, according to a new study on the potential of the technology in the indu
15 November 2016
Accenture bolsters digital banking arm with Allen International deal Accenture has pushed deeper into the Financial Services consulting space with the acquisition of Allen International, a London-based design consultancy that works for dozens of banking clients global
19 October 2016
Millennial and mass-affluence groups most likely to shift from bank American banking customers are seeking value from their banks, or else they will shift to another provider – a recent survey finds.
11 July 2016
Accenture expands financial services blockchain footprint Blockchain technology is estimated to have the potential to save the financial services industry up to $20 billion by 2021.
23 February 2016
Boardrooms largest banks lack technology experience Less than 6% of boardroom members of the world’s largest banks have professional technology experience, research from Accenture shows. Of the more than 100 banks surveyed across the globe, 43% of boards had no member with professional technol
03 December 2015
Banks should fix back office complexity to secure profit Banks should focus on back office technologies in order for them to stay nimble and safe, meet regulatory requirement, and compete with start-ups, research by Accenture shows. According to the consulting firm, while on demand digital solutions for
21 September 2015
Accenture & Moven transform digital banking solutions Accenture and Moven have signed a services agreement that will see their combined innovation powers seek to create new digital banking solutions.
17 June 2015
Accenture to improve operational efficiency UniCredit European financial group UniCredit has selected Accenture to help it improve its operational efficiency and support its growth.
30 April 2015
Accenture: Fintech investment triples to 12.2 billion Global fintech investment has seen a big growth last year and tripled from its $4.05 billion level in 2013 to $12.2 billion in 2014, research by Accenture shows.
14 April 2015
Bank of Ireland outsources Group ICT to Accenture Bank of Ireland is planning to outsource its Group Technology Division to Accenture, a global management and technology consulting firm. According to expectations, 200 employees will move to Accenture’s outsourcing branch. The transaction, which
28 March 2014
Accenture wins contract at world's oldest bank Banca Monte dei Paschi di Siena, the oldest bank in the world*, has decided to outsource a large part of its back-office operations to Accenture and Bassilichi. With the mega outsourcing agreement, the I
19 December 2013
Accenture helps UniCredit with Finance BPO transformation UniCredit has hired Accenture to support a large finance BPO transformation program.
16 April 2013
Accenture: 3 future business models for banks According to research from Accenture, banks can double their annual revenue growth rate and simultaneously reduce their cost by 20% by implementing three business models.
06 September 2012
Accenture is helping Indian bank with strategic transformation Accenture has won a large transformation contract with United Bank of India (UBI). The consulting firm will in the coming two years provide a large set of management consulting services, including the
22 June 2012

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