Accenture (NYSE: ACN) has launched a cloud-based data analytics utility to help U.S. banks improve and manage their risk-management and other activities more efficiently and cost-effectively than they could do on their own.
Developed in collaboration with the Mid-Sized Bank Coalition of America (MBCA), an industry consortium of U.S. banks with assets between approximately US$8 billion and US$50 billion, the Accenture Financial Crime Analytics Utility focuses initially on risk-management capabilities, including anti-money-laundering (AML) compliance. It will be expanded to add additional functionality for members, providing the ability to run analytics-intensive operations for a wide variety of other bank functions, including cybersecurity and third-party risk management.
The analytics…
