April 3, 2018
A new cloud-based data analytics utility from Accenture promises to help U.S. banks perform risk-management and other activities more efficiently and cost-effectively than they could do on their own, according to a press release.
Developed in collaboration with the Mid-Sized Bank Coalition of America, a consortium of U.S. banks with assets of $8 billion to $50 billion, the utility will focus initially on risk management capabilities, including anti-money laundering compliance.
Utility members share data that can help them collectively fight financial crime collectively by identifying abnormal behavior patterns and illicit activity detected by member banks.