Accenture has purchased BCS Consulting, a financial change management consultancy, to strengthen its financial services strategy and consulting practice in the UK.
Founded in 2001, the acquired firm delivers complex business change for clients within the banking, capital markets, insurance and asset & wealth management sectors.
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BCS Consulting drives key change programmes for financial companies in areas such as technology, finance, operations, and risk and regulation.
It specialises in areas such as open banking, operational resilience, financial crime, and cost optimisation, complements, and payments.
The deal follows Accenture’s acquisitions of Mudano, Orbium and Parker Fitzgerald in the financial services space.
Financial and other terms of the acquisition have not been made public by the companies.
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By GlobalDataBCS Consulting, which is headquartered in London, employs 250 people, who will now join Accenture’s Financial Services Strategy and Consulting practice in the UK.
Adam Markson, managing director in Accenture’s U.K. financial services strategy and consulting practice, said: “BCS Consulting has a strong track record helping firms address these issues. From designing solutions to technology implementation, BCS Consulting’s end-to-end capabilities help the sector create business models that drive new efficiencies and competitiveness, bolster resilience and keep pace with change.”
BCS Consulting is Accenture’s sixth acquisition in the UK this year. It previously acquired Edenhouse and Infinity Works in February, Cirrus and REPL in March and Xoomworks in October.
BCS Consulting CEO Paul Brock said: “Helping financial services firms navigate complex business change has been our priority since day one. Our industry focus, coupled with Accenture’s scale and scope and its expertise helping financial services firms across the world embrace change, will enable us to extend our capabilities to a broader client base.
“We’re excited to become part of one of the world’s leading companies and look forward to the opportunities this will bring to our employees and clients.”
The Financial Services industry group of Accenture enables financial services companies boost innovation, address business, technology and regulatory challenges.
