Accenture Acquires Digital Twin Technology for Banks to Enhance Core Modernization Capabilities
Accenture (NYSE: ACN) has acquired a digital twin technology platform from Percipient, a Singapore-based fintech company. The platform creates virtual duplicates of banks' legacy and modern systems, integrating data into a single real-time hub. This acquisition enhances Accenture's banking modernization capabilities in Asia Pacific.
The technology enables banks to develop new products and services faster without disrupting existing operations. According to Accenture's research, banks that shift to modern, cloud-enabled digital cores can achieve up to 60% higher revenue growth rates and a 40% increase in profits.
Percipient's founder and CEO Navin Suri, along with the core technology leadership team, will join Accenture. The financial terms of the transaction were not disclosed.
Accenture (NYSE: ACN) ha acquisito una piattaforma tecnologica di digital twin da Percipient, una società fintech con sede a Singapore. La piattaforma crea duplicati virtuali dei sistemi legacy e moderni delle banche, integrando i dati in un'unica hub in tempo reale. Questa acquisizione migliora le capacità di modernizzazione bancaria di Accenture nella regione Asia-Pacifico.
La tecnologia consente alle banche di sviluppare nuovi prodotti e servizi più rapidamente, senza interrompere le operazioni esistenti. Secondo la ricerca di Accenture, le banche che migrano a core digitali moderni e abilitati al cloud possono raggiungere fino a 60% in più di tassi di crescita dei ricavi e un 40% di aumento dei profitti.
Navin Suri, fondatore e CEO di Percipient, insieme al team di leadership tecnologica centrale, si unirà ad Accenture. I termini finanziari della transazione non sono stati divulgati.
Accenture (NYSE: ACN) ha adquirido una plataforma de tecnología de gemelos digitales de Percipient, una empresa fintech con sede en Singapur. La plataforma crea duplicados virtuales de los sistemas heredados y modernos de los bancos, integrando datos en un único centro en tiempo real. Esta adquisición mejora las capacidades de modernización bancaria de Accenture en la región de Asia-Pacífico.
La tecnología permite a los bancos desarrollar nuevos productos y servicios más rápido sin interrumpir las operaciones existentes. Según la investigación de Accenture, los bancos que cambian a núcleos digitales modernos habilitados para la nube pueden alcanzar hasta un 60% de tasas de crecimiento de ingresos más altas y un 40% de aumento en las ganancias.
Navin Suri, fundador y CEO de Percipient, junto con el equipo de liderazgo tecnológico central, se unirá a Accenture. Los términos financieros de la transacción no fueron revelados.
액센츄어 (NYSE: ACN)는 싱가포르 기반의 핀테크 기업인 페르시피언트로부터 디지털 트윈 기술 플랫폼을 인수했습니다. 이 플랫폼은 은행의 레거시 시스템과 현대 시스템의 가상 복제본을 만들어 데이터를 실시간으로 통합하는 허브를 형성합니다. 이번 인수는 아시아 태평양에서 액센츄어의 은행 현대화 능력을 강화합니다.
이 기술은 은행들이 기존 운영을 방해하지 않으면서 더 빠르게 새로운 제품과 서비스를 개발할 수 있게 합니다. 액센츄어의 연구에 따르면, 현대적이고 클라우드 기반의 디지털 코어로 전환하는 은행들은 최대 60% 높은 수익 성장률과 40%의 이익 증가를 달성할 수 있습니다.
페르시피언트의 창립자이자 CEO인 나빈 수리와 핵심 기술 리더십 팀이 액센츄어에 합류할 예정입니다. 거래의 재무 조건은 공개되지 않았습니다.
Accenture (NYSE: ACN) a acquis une plateforme de technologie de jumeaux numériques de Percipient, une entreprise fintech basée à Singapour. La plateforme crée des duplicatas virtuels des systèmes hérités et modernes des banques, intégrant les données dans un seul hub en temps réel. Cette acquisition renforce les capacités de modernisation bancaire d'Accenture dans la région Asie-Pacifique.
La technologie permet aux banques de développer de nouveaux produits et services plus rapidement sans perturber les opérations existantes. Selon les recherches d'Accenture, les banques qui passent à des cœurs numériques modernes et cloud peuvent atteindre jusqu'à 60% de taux de croissance des revenus plus élevés et une augmentation de 40% des bénéfices.
Navin Suri, fondateur et PDG de Percipient, ainsi que l'équipe de direction technologique centrale, rejoindront Accenture. Les modalités financières de la transaction n'ont pas été divulguées.
Accenture (NYSE: ACN) hat eine digitale Zwillings-Technologieplattform von Percipient, einem fintech-Unternehmen mit Sitz in Singapur, übernommen. Die Plattform erstellt virtuelle Duplikate der Legacy- und modernen Systeme von Banken und integriert Daten in einem einzigen Echtzeit-Hub. Diese Akquisition verbessert die Modernisierungsfähigkeiten von Accenture im Bankwesen im asiatisch-pazifischen Raum.
Die Technologie ermöglicht es Banken, neue Produkte und Dienstleistungen schneller zu entwickeln, ohne bestehende Operationen zu stören. Laut einer Forschung von Accenture können Banken, die zu modernen, cloudfähigen digitalen Kernen wechseln, bis zu 60% höhere Wachstumsraten bei den Einnahmen und eine 40%ige Steigerung der Gewinne erzielen.
Navin Suri, der Gründer und CEO von Percipient, sowie das Kerntechnologieführungsteam werden zu Accenture stoßen. Die finanziellen Bedingungen der Transaktion wurden nicht offengelegt.
- Technology acquisition enhances core banking modernization capabilities
- Platform enables faster product development without system overhaul
- Research shows potential for 60% higher revenue growth and 40% profit increase
- Key leadership team from Percipient joining Accenture
- None.
Insights
The acquisition of Percipient's digital twin technology represents a strategic move in the banking technology sector. The platform's ability to create virtual duplicates of both legacy and modern banking systems addresses a critical pain point in the industry - the complexity of core system modernization. The potential 60% revenue growth and 40% profit increase for banks adopting modern digital cores highlights the substantial financial impact of this technology.
The technology's real-time data integration capabilities will enable banks to maintain operational continuity while modernizing - similar to performing heart surgery while the patient is running. This approach significantly reduces the risk and cost associated with traditional "rip and replace" modernization strategies. The integration with Accenture's existing capabilities, particularly in cloud and AI services, creates a comprehensive solution for banks seeking digital transformation without the typical disruptions to their operations.
This acquisition strategically positions Accenture to capture a larger share of the banking modernization market, particularly in the rapidly growing Asia Pacific region. The digital twin solution offers a pragmatic approach to the critical challenge of legacy system transformation, which has been a major bottleneck for banks' digital initiatives. For investors, this represents Accenture's continued commitment to expanding its high-margin financial services technology portfolio.
The technology's ability to enable faster product development while maintaining existing systems intact creates a compelling value proposition for banks. This could accelerate Accenture's revenue growth in the financial services sector, as banks increasingly prioritize digital transformation initiatives. The acquisition of Percipient's core technology leadership team also brings valuable intellectual capital and domain expertise to Accenture's banking practice.
The timing of this acquisition aligns with the growing demand for banking modernization solutions, particularly in Asia Pacific's rapidly evolving financial services landscape. The integration of Percipient's digital twin technology with Accenture's existing capabilities creates a differentiated offering in a market where legacy system transformation is becoming increasingly urgent.
The addition of this technology strengthens Accenture's competitive position against both traditional consulting firms and fintech challengers. While terms weren't disclosed, the strategic value lies in the technology's ability to accelerate digital transformation while minimizing operational risks - a key selling point for risk-averse banking clients. This acquisition should enhance Accenture's ability to capture a larger share of the growing banking technology transformation market, estimated to be worth billions globally.
Accenture has acquired a digital twin technology platform for banks developed by Percipient, a
Percipient’s platform serves as a digital twin—or virtual duplicate—of banks’ legacy and modern systems, integrating and unifying the data from each one into a single-real time hub. This can reduce the challenges that many banks face around core modernizations by simplifying the application of data and enabling faster development of new products and services, all without overhauling existing systems or disrupting operations.
Integrating Percipient’s digital twin solution further complements Accenture’s capabilities to help banks decouple from legacy systems and embrace cloud and AI-led banking services. Banks that shift to a modern, cloud-enabled digital core can attain up to
“Banks’ core systems are often decades old, with layers of tangled code that are costly to maintain, reduce business flexibility and require highly specialized talent, making the need for transformation urgent,” said Masashi Nakano, Accenture’s Financial Services lead for
Navin Suri, the founder and CEO of Percipient who joins Accenture together with Percipient’s core technology leadership team, said: “We have a shared vision to reinvent how digital transformation is achieved at financial institutions. By combining Percipient’s platform with Accenture’s core banking and technology capabilities, we can enable banks to more seamlessly transform their legacy systems and gain agility and speed, while lowering the risk associated with such modernization efforts.”
Terms of the transaction were not disclosed.
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; risks and uncertainties related to the development and use of AI could harm the company’s business, damage its reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer due to pricing pressure, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture’s debt obligations could adversely affect its business and financial condition; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in
About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 799,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at accenture.com.
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Yasmin Quek
Accenture
+65 9049 4273
yasmin.quek@accenture.com
Michael McGinn
Accenture
+1 312 693 5707
m.mcginn@accenture.com
Source: Accenture
FAQ
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