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Financial Services Blog

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Michael Costonis

Senior Managing Director, Financial Services

Michael Costonis is a Senior Managing Director in Accenture’s Financial Services Practice. He is responsible for managing the Financial Services North America East Client Group, which represents $1.2B in annual revenue across Banking, Capital Market, Property/Casualty and Life clients. A key element of Michael’s role is to help our clients chart the course through digital disruption in today’s rapidly changing marketplace.

Costonis has 25 years of experience developing strategies, managing technology transformations, navigating business processes process change, and shaping the future for some of the world’s leading companies. In his career with Accenture, he has worked with more than 50 leading insurance clients in 18 countries around the world.

Prior to his current role, Michael was responsible for the Insurance Industry Program for North America. In that capacity, he set the overall vision and strategy for the practice, and pursued new client relationships.

He also has led Accenture’s Insurance Solutions practice in North America, where he was responsible for driving growth for Accenture’s asset-based business in Insurance, including claims, underwriting, and policy administration.

Costonis has authored several articles in leading insurance trade publications, and has been quoted in The New York Times, Bloomberg News, Reuters News, Financial Times, Forbes, Best’s Review, Insurance & Technology, InformationWeek, National Underwriter, Technology Decisions, and the Philadelphia Inquire r. He is a sought after public speaker, having addressed many leading industry conferences in the U.S. and internationally.

Costonis received a bachelor’s degree in political science from Swarthmore College (Swarthmore, PA). He is based in Philadelphia.
Latest Posts | By Michael Costonis
Posted on June 27th, 2017

Taking on a leadership role in the new digital industries

Today, many financial services companies recognize that rules and guidelines for the industry...
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Taking on a leadership role in the new digital industries
Posted on June 20th, 2017

Redefining relationships and long term commitments

By creating partnerships with the people using their products, services or technologies, financial...
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Redefining relationships and long term commitments
Posted on June 13th, 2017

Transforming labor with digital

The results of our Technology Vision 2017 survey indicate that two distinct but converging...
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Transforming labor with digital
Posted on June 6th, 2017

Forging new value chains

More than a quarter (27 percent) of the executives we surveyed for our Technology Vision 2017...
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Forging new value chains
Posted on May 30th, 2017

Simplifying natural interactions with AI

Despite skepticism that artificial intelligence (AI) is just another technology buzzword, its...
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Simplifying natural interactions with AI
Posted on April 17th, 2017

Implications for banks’ corporate payment services

In my last post we looked at six key themes in corporate payments across the globe. This week...
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Implications for banks’ corporate payment services
Posted on April 10th, 2017

Six key trends in corporate payments

As I mentioned in my last post, corporates face a number of challenges when it comes to payments—and...
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Six key trends in corporate payments
Posted on April 3rd, 2017

Payment challenges for corporates and what banks need to know

For banks worldwide, payments services are an increasingly important source of revenue and...
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Payment challenges for corporates and what banks need to know