by Angela Guess

A new press release announces, “Accenture has opened the Innovation Center for Finance & Risk in New York to help financial services clients quickly develop and scale advanced data and analytics capabilities. The center, part of Accenture’s international innovation network, focuses on developing solutions for finance and risk (F&R) data management, data engineering, advanced analytics, artificial intelligence and reporting. The center, which will offer consulting, development and operations services across the end-to-end data and analytics solution lifecycle, already has more than 20 industry partnerships with universities, fintech startups and global financial institutions. Last month, Accenture announced that it is accelerating its investments in innovation in the U.S., including opening 10 new innovation hubs and expanding its regional network of technology delivery centers by the end of 2020. The company also will invest $1.4 billion in training to ensure its people have leading-edge capabilities to serve its clients, while creating 15,000 highly skilled new jobs in the U.S.”

The release continues, “The Innovation Center for Finance & Risk in New York will focus on helping financial institutions achieve cost-efficient growth and enhance regulatory controls as they implement a new generation of data and analytics capabilities, powered by big data, cloud and artificial intelligence technologies, to address regulatory reporting (including CCAR, CECL and FRTB), financial and risk reporting. The new center will help institutions accelerate that transition by using next-generation tools and technology enabled by the Accenture Insights Platform (AIP), the Accenture Labs – which redefine the possible with applied R&D – and by leveraging Accenture’s software alliances.”

Read more at Business Wire.

Photo credit: Accenture