Scott Nathan, a managing director in Accenture’s Banking practice, said: “Our new utility helps level the playing field for mid-size banks, enabling them to leverage analytics at scale and apply data-driven insights as only larger banks previously could. Clients can take advantage of the most advanced analytics as a fully supported service to transform their data into actionable insights to improve performance and outcomes — and compete more effectively in today’s digital world.”
Brent Tjarks, MBCA’s executive director, commented: “Mid-sized financial institutions are looking to become more agile and efficient without investing heavily in isolated systems that are increasingly difficult to maintain. By empowering banks, regulators and the end-user law enforcement community with access to intelligence derived from a larger data set, the new utility will enable banks to improve compliance processes and reduce risk management costs while helping ensure a safe and flexible financial system.”