Other parts of this series:
Digital technologies are impacting the financial services sector like never before. In this age of technological upheaval, technology is both the cause and the cure. Financial services institutions across sectors therefore are compelled to stay ahead of the game in an effort to remain competitive against new entrants and quick-thinking incumbents alike.
In this series, I will give you an overview of the capabilities of Accenture’s Technology Advisory Practice. As Accenture’s center of expertise advising financial services institutions on enabling digital architecture, delivering intelligent automation, driving enterprise agility, ensuring enterprise resilience and improving legacy architectures to drive their business, we can help your firm realize its short- and long-term goals for continuous growth, prosperity and resilience.
The capabilities of Accenture’s Technology Advisory Practice
Our Technology Advisory services can help transform financial services firms through the management and implementation of new apps, platforms, architecture and technologies. As well, we can help businesses determine the right combination of technologies for their specific needs, from the technologies that exist today to the emerging technologies of tomorrow. In the emerging technology space our practical experience and know-how can help financial services clients cut through the hype and work across traditional silos.
Accenture’s Technology Advisory Practice and its members:
- Work with banks, insurers and capital markets firms to blaze a new path forward.
- Help financial services firms with planning, building, transforming and orchestrating an effective and efficient technology solution to help them meet their specific business situation, needs and goals.
- Focus on being the catalyst for transforming each financial services client firm’s technology into a business asset for driving improved operational efficiency and enhanced enterprise effectiveness in a cloud-enabled digital world.
Watch this short video to see how the Technology Advisory Practice can help firms connect with the New:
Our industry- and function-specific services
Across the technology spectrum, we leverage the power of Accenture to orchestrate and bring its best thinking, experience and capabilities to financial services clients.
We provide services specific to industries—banks, insurance and capital markets—with knowledge, skills, know-how and capabilities to address each client firm’s specific situation, needs and goals.
In banking, we can lead core banking transformations to reduce risk, drive growth and achieve long-lasting benefits. Our banking specialists can also assist lenders and servicers with credit consulting to transform their business and operations, ultimately driving profitable growth, differentiated customer experiences and operational efficiency.
When it comes to credit services, our team can support commercial credit and consumer lending institutions in overcoming industry challenges and becoming high-performing lending institutions. Furthermore, we can help banks, payments providers and other players across the payments value chain grow and win by powering payments innovation.
With our capabilities in insurance, we can lend a hand to Property & Casualty insurers aiming to improve their policy, distribution and claims functions, and to those looking to capture more value from their analytics, mobility, digital marketing, cloud and social media.
Likewise, we offer strategies for Life insurers to cut costs, manage risk and drive growth through digital innovation, platform modernization, and improved distribution and marketing.
In the capital markets industry, we collaborate with firms in Trading, helping investment banks rethink their businesses due to macro-economic, regulatory, technology and client pressures. We also offer assistance in Asset Management to support global investment managers, institutional investors and asset servicers in designing, building and operating their business.
In Wealth Management, wealth managers can count on us to address their most pressing needs and prepare for the future of investing. Post-trade, our experts are here to facilitate capital markets firms’ transformation and operation of their post-trade, reference data, and clearing and settlement functions.
Finally, Accenture also offers post-trade processing. Drawing on our global experience , investment banks can reduce post-trade processing costs, adapt to new regulations and improve performance.
On top of the industry-specific services outlined above, our function-specific capabilities include:
- Cloud advisory
- Agile IT
- Intelligent automation
- Legacy decoupling
Beginning with my next post, I will take a look at these function-specific capabilities in detail. I will start with two essential capabilities of the Technology Advisory Practice: cloud advisory and security.