Accenture Launches Advanced Analytics Applications For Financial Services Industry


Financial institutions

Wealth Advisory Toolkit –Generates a prioritized list of client-specific actions that a financial advisor can execute to enhance the client experience, deliver a consistent standard of care and comply with regulatory requirements.

Real Time Credit Decision – Helps manage the end-to-end development of credit acceptance models by enhancing scoring grid creation and bridging the gap between model training and execution, in batch and real-time.

Allowance for Loan and Lease Losses – Automates the loan credit loss reserve calculation process under a controlled environment, creating a streamlined loss reserve estimation process.

 Insurance companies

Claims Fraud – Simplifies the investigation and identification claims fraud process by using predictive modeling to assess insurance risk factors and reduce costs connected to fraud.

Launched in May 2015, the Accenture Analytics Applications Platform facilitates the agile development of easy-to-use turnkey advanced analytics applications. To meet a company’s needs, the platform will be used to fully configure the advanced analytics applications with their specific operational workflow process and specific user requirements – for example, more granularity for data scientists and less data granularity for business users. Depending on how much customization is needed, applications can be ready for use in approximately one week to 60 days.

Accenture has 22 applications available for the retail, financial services, utilities and telecommunications industries. Additional details on Accenture’s analytics platform and applications can be found in the website and videos can be found on YouTube.
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