BCC Iccrea Group and Accenture Form Partnership to Support the Group's IT Transformation
BCC Iccrea Group, Italy's largest cooperative banking group, and Accenture (NYSE: ACN) have formed a partnership to support BCC's IT transformation. The agreement includes Accenture acquiring an equity stake in BCC Sistemi Informatici and is part of a broader IT reinvention plan with an investment of over €300 million over the next three years.
The transformation aims to enhance services for 114 BCC member banks and subsidiaries, focusing on modernizing core banking applications, expanding digital channels, and accelerating AI strategy. The partnership specifically targets digital platforms, core systems, and data platform improvements. Accenture will also contribute to improving infrastructure and developing a new service model for enhanced security and resilience.
Il Gruppo BCC Iccrea, il più grande gruppo bancario cooperativo in Italia, e Accenture (NYSE: ACN) hanno stretto una partnership per supportare la trasformazione IT di BCC. L'accordo include l'acquisizione da parte di Accenture di una partecipazione azionaria in BCC Sistemi Informatici ed è parte di un piano più ampio di reinvenzione IT con un investimento di oltre 300 milioni di euro nei prossimi tre anni.
La trasformazione mira a migliorare i servizi per 114 banche e filiali membro di BCC, concentrandosi sulla modernizzazione delle applicazioni bancarie di base, sull'espansione dei canali digitali e sull'accelerazione della strategia AI. La partnership si concentra specificamente su piattaforme digitali, sistemi core e miglioramenti della piattaforma dati. Accenture contribuirà anche a migliorare l'infrastruttura e a sviluppare un nuovo modello di servizio per garantire maggiore sicurezza e resilienza.
Banco Cooperativo BCC Iccrea, el mayor grupo bancario cooperativo de Italia, y Accenture (NYSE: ACN) han formado una asociación para apoyar la transformación IT de BCC. El acuerdo incluye la adquisición por parte de Accenture de una participación en BCC Sistemi Informatici y es parte de un plan más amplio de reinvención IT con una inversión de más de 300 millones de euros en los próximos tres años.
La transformación tiene como objetivo mejorar los servicios para 114 bancos miembros y subsidiarias de BCC, centrándose en la modernización de las aplicaciones bancarias principales, la expansión de los canales digitales y la aceleración de la estrategia de IA. La asociación se dirige específicamente a plataformas digitales, sistemas centrales y mejoras en la plataforma de datos. Accenture también contribuirá a mejorar la infraestructura y desarrollar un nuevo modelo de servicio para una mayor seguridad y resiliencia.
BCC 이크레아 그룹, 이탈리아 최대의 협동조합 은행 그룹과 액센추어 (NYSE: ACN)가 BCC의 IT 전환을 지원하기 위한 파트너십을 체결했습니다. 이 협정에는 액센추어가 BCC 시스템 정보에 대한 지분을 인수하는 내용이 포함되어 있으며, 향후 3년간 3억 유로 이상의 투자와 함께 하는 더 넓은 IT 혁신 계획의 일환입니다.
전환의 목표는 114개의 BCC 회원은행 및 자회사에 대한 서비스를 향상시키는 것으로, 핵심 은행 애플리케이션의 현대화, 디지털 채널의 확장 및 AI 전략의 가속화에 중점을 두고 있습니다. 파트너십은 디지털 플랫폼, 핵심 시스템 및 데이터 플랫폼 개선을 구체적으로 목표로 하고 있습니다. 액센추어는 또한 인프라 개선 및 보안과 회복력을 강화하기 위한 새로운 서비스 모델 개발에 기여할 것입니다.
Le Groupe BCC Iccrea, la plus grande groupement bancaire coopératif d'Italie, et Accenture (NYSE: ACN) ont formé un partenariat pour soutenir la transformation informatique de BCC. L'accord comprend l'acquisition par Accenture d'une participation dans BCC Sistemi Informatici et fait partie d'un plan de réinvention informatique plus large avec un investissement de plus de 300 millions d'euros au cours des trois prochaines années.
La transformation vise à améliorer les services pour 114 banques membres de BCC et filiales, en se concentrant sur la modernisation des applications bancaires essentielles, l'expansion des canaux numériques et l'accélération de la stratégie IA. Le partenariat cible spécifiquement les plateformes numériques, les systèmes centraux et les améliorations des plateformes de données. Accenture contribuera également à améliorer l'infrastructure et à développer un nouveau modèle de service pour une meilleure sécurité et résilience.
Die BCC Iccrea Gruppe, die größte Genossenschaftsbankengruppe Italiens, und Accenture (NYSE: ACN) haben eine Partnerschaft gebildet, um die IT-Transformation der BCC zu unterstützen. Die Vereinbarung umfasst den Erwerb einer Beteiligung von Accenture an BCC Sistemi Informatici und ist Teil eines umfassenderen Plans zur IT-Reinvention mit einer Investition von über 300 Millionen Euro in den nächsten drei Jahren.
Die Transformation zielt darauf ab, die Dienste für 114 BCC-Mitgliedsbanken und Tochtergesellschaften zu verbessern, wobei der Schwerpunkt auf der Modernisierung der Kernbankanwendungen, der Erweiterung digitaler Kanäle und der Beschleunigung der AI-Strategie liegt. Die Partnerschaft zielt insbesondere auf Verbesserungen von digitalen Plattformen, Kernsystemen und Datenplattformen. Accenture wird auch zur Verbesserung der Infrastruktur und zur Entwicklung eines neuen Servicemodells zur Steigerung der Sicherheit und Resilienz beitragen.
- Strategic €300 million investment over 3 years for IT transformation
- Accenture acquiring equity stake in BCC Sistemi Informatici
- Partnership with Italy's largest cooperative banking group expands market presence
- Focus on high-growth areas: AI, cloud computing, and advanced data analytics
- None.
Insights
The €300 million IT transformation partnership between Accenture and BCC Iccrea Group represents a significant strategic win for Accenture in the European banking sector. The deal's structure is particularly noteworthy as it includes an equity stake in BCC Sistemi Informatici, marking a departure from traditional service contracts and indicating a deeper, long-term commitment to the transformation's success.
The partnership's scope encompasses three critical areas that drive modern banking profitability: core banking modernization, digital channel expansion and AI implementation. For Accenture, this represents a high-value, multi-year revenue stream in the lucrative financial technology transformation market, which typically generates 20-30% margins for top-tier consultancies.
Several strategic elements make this deal particularly valuable:
- The equity stake provides Accenture with ongoing participation in the value creation beyond the initial contract
- The comprehensive scope covering core systems, digital platforms and data infrastructure positions Accenture to capture additional revenue streams as the transformation expands
- Italy's largest cooperative banking group, with 114 member banks, offers significant potential for solution scaling and replication
This partnership aligns with the broader industry trend of traditional banks investing heavily in digital transformation to compete with fintech challengers. The deal's structure could serve as a template for future banking technology partnerships, potentially creating additional opportunities for Accenture in the European banking sector.
Agreement is part of BCC Sistemi Informatici's broader IT reinvention plan
This plan, which includes an investment program of over
Specifically, the new Group IT plan covers improvement and modernization of key core banking applications, the further expansion of products and services available through digital channels, and the acceleration of its AI strategy program.
In this context, the partnership agreement with Accenture, which also involves Accenture acquiring an equity stake in BCC Sistemi Informatici, focuses on digital platforms, core systems (including customer records, current accounts and settlements), and BCC’s data platform. Additionally, Accenture will contribute to improving BCC’s infrastructure and developing a new service model designed to enhance its security and resilience levels.
Mauro Pastore, general manager of the BCC Iccrea Group, commented: "We are pleased with the partnership signed with Accenture, as it enables us to further strengthen technological innovation within our Group. This collaboration will allow us to offer our customers increasingly efficient, secure and personalized services, while simultaneously reinforcing our market positioning. The integration of advanced IT solutions is essential to addressing future challenges in the banking sector and to ensuring the sustainable growth of our banks, as outlined in our 2024–2026 business plan."
Massimiliano Colangelo, head of Financial Services at Accenture Italy, said: "This alliance with the BCC Iccrea Group reinforces our position as a preferred partner for innovation in the banking sector. By implementing cutting-edge technologies such as cloud computing, artificial intelligence and advanced data analytics, and by leveraging human expertise, we are enabling a profound transformation of the Group's core systems. This will enhance operational efficiency and accelerate process automation. This project highlights our long-term commitment to the Italian market, a journey that began over 60 years ago and continues to focus on innovation and sustainable growth."
Forward-Looking Statements
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Alberto Morici
Accenture
+39 340 2255389
alberto.morici@accenture.com
Source: Accenture
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