Accenture Acquires Assets from Banking Software Platform Zafin
Accenture continues its software shopping spree with another acquisition – the company has acquired selected assets of the financial services software vendor Zafin as it continues to seek favour with financial firms using legacy IT systems.
Financial terms of the deal were not disclosed, however, Accenture did provide some insight as to how the acquisition will work. The technology and consulting giant will serve as the preferred integrator for the Zafin financial software platform and “select employees” from Zafin will join its financial services practice.
Read more: Accenture Buys DAZ Systems to Bolster Oracle
Alan McIntyre, a senior MD at Accenture and head of its global banking practice, says: “Zafin’s software enables financial institutions to improve their pricing, personalisation and product configuration without having to replace their legacy systems.”
According to Accenture, the new relationship will strengthen its ability to help financial institutions modernise their legacy IT systems and enhance their digital services programmes.
Earlier this year, Accenture also announced acquisitions of Oracle specialists DAZ Systems and PrimeQ in the US and Australia, respectively. It also purchased SAP specialist Intrigo Systems in November and China-based AI start-up Malong Technologies in August, 2018.