{"id":566002,"date":"2025-01-09T06:28:02","date_gmt":"2025-01-09T05:28:02","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=566002"},"modified":"2025-01-13T06:21:00","modified_gmt":"2025-01-13T05:21:00","slug":"accenture-acquires-core-banking-modernisation-capabilities-from-percipient","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/accenture-acquires-core-banking-modernisation-capabilities-from-percipient\/","title":{"rendered":"Accenture acquires Core Banking Modernisation Capabilities from Percipient"},"content":{"rendered":"

\"Accenture,Accenture<\/a> has acquired a digital twin technology platform for banks developed by Percipient, a Singapore-based FinTech company with deep experience in banking technology transformation.<\/p>\n

The acquisition<\/a> enhances Accenture\u2019s existing banking modernisation capabilities, helping financial services clients in Asia Pacific accelerate the reinvention of their core systems, foster innovation, and drive growth.<\/p>\n

Percipient\u2019s platform serves as a digital twin or virtual duplicate of banks\u2019 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 modernisations by simplifying the application of data and enabling faster development of new products and services, all without overhauling existing systems or disrupting operations.<\/p>\n

Integrating Percipient\u2019s digital twin solution further complements Accenture\u2019s capabilities to help banks decouple from legacy systems and embrace cloud and AI-led banking services.<\/p>\n

\u201cBanks\u2019 core systems are often decades old, with layers of tangled code that are costly to maintain, reduce business flexibility, and require highly specialised talent, making the need for transformation urgent,\u201d said Masashi Nakano, Accenture\u2019s Financial Services lead for Asia Pacific.<\/strong> \u201cPercipient\u2019s unique capabilities strengthen our existing core modernisation offerings, enabling banks to efficiently unlock new opportunities for growth, launch new products faster, and deepen customer engagement through cloud, data, and AI.\u201d<\/p>\n

Navin Suri, the founder and CEO of Percipient, who will join Accenture along with Percipient\u2019s core technology leadership team<\/strong>, said, \u201cWe have a shared vision to reinvent how digital transformation is achieved at financial institutions. By combining Percipient\u2019s platform with Accenture\u2019s 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 modernisation efforts.\u201d<\/span><\/p>\n","protected":false},"author":35800,"featured_media":96900,"parent":0,"template":"","categories":[41779,11376],"tags":[11475,39963,42831,21391,48742,38985],"class_list":["post-566002","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-banktech","category-digital-banking","tag-accenture","tag-fintech-acquisitions","tag-fintech-apac-news","tag-fintech-news","tag-percipient","tag-singapore-news"],"acf":[],"yoast_head":"\nAccenture acquires Core Banking Modernisation Capabilities from Percipient<\/title>\n<meta name=\"description\" content=\"Accenture has acquired a digital twin technology platform for banks developed by Percipient, a Singapore-based FinTech company\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/accenture-acquires-core-banking-modernisation-capabilities-from-percipient\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accenture acquires Core Banking Modernisation Capabilities from Percipient\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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