Enterprise Innovation — The value of global Fintech investments in 2015 grew by 75% to US$22.3 billion according to Accenture (see Figure 1). Asia-Pacific and Europe led the surge although concerns may be brewing that the Fintech industry may have reached a new level of maturity as some regions appear to be experiencing a cooling-off period, and even the demise of iconic players like Powa, and a shift towards larger deal sizes.
SCMP — Alibaba Cloud, China’s largest computing services provider, is looking to accelerate its expansion in China and Southeast Asia on the back of newly formed alliances with global consulting firm Accenture and software giant SAP China. “Accenture is a well-respected consulting firm in the industry, especially for computing enterprises,” said Ethan Yu, vice president of Alibaba Cloud told reporters.
All Coins News — Applications have opened for Asia-Pacific’s third annual FinTech Innovation Lab, Accenture’s 12-week program that helps early- and growth-stage financial technology companies accelerate product and business development by gaining exposure to top financial institution executives.
Finextra — Applications open today for Asia-Pacific’s third annual FinTech Innovation Lab, Accenture’s (NYSE:ACN) 12-week program that helps early- and growth-stage financial technology (fintech) companies accelerate product and business development by gaining exposure to top financial institution executives.
Telecom Asia — Huawei and Accenture have entered into an agreement with Guangdong Cable (GCable) in China to deploy an integrated budget management planning and support system. This will be done by leveraging the Enterprise Private Cloud solution under the Huawei-Accenture strategic alliance (HASA).
Business Wire — SINGAPORE: Accenture has opened an Internet of Things Centre of Excellence for Resources in Singapore to help companies transform their businesses through a combination of deep industry experience and innovative technologies. Supported by the Singapore Economic Development Board, the centre will house an innovation hub for Rio Tinto, which will be the centre’s foundation client.
MUMBAI: Tata Consultancy Services, Accenture and Oracle are in race to acquire around 90% stake in IT services provider Elitecore Technologies from global private equity fund Carlyle. The fund that invested Rs 50 crore in the company eight years ago is expected to make more than nine time returns with the company now being valued at Rs 500 crore, three people with knowledge of the deal said. In 2007, through its Carlyle Asia Growth Capital Partners, the fund had invested$10.3 million for a 33% stake in the company. It then invested $3 million to hike its stake in the company.
BENGALURU: Infosys and Accenture have entered the final lap to clinch a Rs 900-crore ($150 million) IT outsourcing contract from Australia-based financial services provider Macquarie Group. The five-year contract will include application development, testing and infrastructure management services (IMS), said sources privy to the development. Macquarie provides banking, financial, advisory, investment and funds management services. It employs more than 13,900 people in 28 countries.
Dramatic changes are reinventing work and workforces across Southeast Asia, presenting both challenges and opportunities to organisations in the region. ASEAN stakeholders need to act fast if they are to rise to the demands of this radical transformation. In its recent study, The Future-Ready Organisation: Re-inventing Work in ASEAN, Accenture has identified two powerful forces accelerating the pace of change in the region: the unique characteristics of ASEAN that are amplifying global trends and the impact of technology across the region.
Huawei Technologies Co. said it’s expanding an alliance with Accenture Plc (ACN) to add cloud services as China’s largest maker of phone-networking equipment targets $10 billion revenue from enterprise computing by 2017. The companies will focus initially on clients in China, Southeast Asia and other emerging markets while pursuing select opportunities in developed markets, Victor Wan, who directs the Accenture alliance for Huawei, said in a phone interview today. The financial terms weren’t disclosed.