Accenture launches new analytics tools for financial services firms

Accenture launched seven advanced analytics applications for the financial services industry, including banking and insurance companies.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The new advanced analytics applications, configured through the Accenture Analytics Applications Platform, will help financial services companies improve customer retention, increase sales, simplify the credit scoring process, and reduce costs associated with claims fraud.

The applications will allow customization for specific users, ranging from business executives to data scientists with options to be tailored with a company’s specific workflow process to solve specific business problems, claims the company.

For retail and consumer banks, the applications will help to detect early signs of customer defection by analyzing customer information, such as transaction developments or product expiration dates besides facilitating banks to retain high-value customers by analyzing the actual and potential value of their customer base and recommending data-driven marketing and sales actions.

Accenture Analytics senior managing director Narendra Mulani said: "Through the use of tailored advanced analytics applications, companies can enable a variety of users to confidently make insight-driven decisions to solve their business issues.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"When an information-powered culture spreads throughout a company, the business can benefit as value in the form of increased revenues, improved capital efficiencies, and minimized risk can be realized."