Accenture Boosts Banking Modernization with AI-Driven Digital Twin Acquisition

Accenture plc (ACN), a global professional services company, has recently acquired Percipient, a Singapore-based fintech company specializing in banking technology transformation. This strategic move is set to bolster Accenture's banking modernization capabilities, enabling financial services clients in the Asia Pacific region to accelerate the reinvention of their core systems, foster innovation, and drive growth. The acquisition of Percipient's digital twin technology platform is expected to enhance Accenture's existing core modernization offerings, helping banks to efficiently unlock new opportunities for growth, launch new products faster, and deepen customer engagement through cloud, data, and AI.

Percipient's digital twin platform serves as a virtual duplicate of banks' legacy and modern systems, integrating and unifying data from each one into a single real-time hub. This innovative solution simplifies the application of data and enables faster development of new products and services, all without overhauling existing systems or disrupting operations. By integrating Percipient's digital twin solution, Accenture can now help banks decouple from legacy systems and embrace cloud and AI-led banking services more effectively.

According to Masashi Nakano, Accenture's Financial Services lead for Asia Pacific, "Banks' core systems are often decades old, with layers of tangled code that are costly to maintain, reduce business flexibility, and require highly specialized talent, making the need for transformation urgent." Percipient's unique capabilities strengthen Accenture's existing core modernization offerings, enabling banks to efficiently unlock new opportunities for growth, launch new products faster, and deepen customer engagement through cloud, data, and AI.

Navin Suri, the founder and CEO of Percipient, who will join Accenture together with Percipient's core technology leadership team, expressed a shared vision to reinvent how digital transformation is achieved at financial institutions. By combining Percipient's platform with Accenture's core banking and technology capabilities, the two companies can enable banks to more seamlessly transform their legacy systems and gain agility and speed while lowering the risk associated with such modernization efforts.

Accenture's acquisition of Percipient's digital twin technology is expected to have a significant impact on the banking industry's core modernization efforts. By providing a more efficient and less disruptive approach to updating legacy systems, Accenture can help banks modernize their core systems more effectively, launch new products faster, and unlock new opportunities for growth. This strategic move aligns with Accenture's broader strategy for driving digital transformation in the financial services sector, focusing on core banking modernization, cloud and AI adoption, fintech partnerships, and a strong presence in the Asia Pacific region.



In conclusion, Accenture's acquisition of Percipient's digital twin technology is a strategic move that will significantly enhance the company's banking modernization capabilities. By leveraging Percipient's innovative platform, Accenture can help banks modernize their core systems more efficiently, launch new products faster, and unlock new opportunities for growth. This acquisition aligns with Accenture's broader strategy for driving digital transformation in the financial services sector, focusing on core banking modernization, cloud and AI adoption, fintech partnerships, and a strong presence in the Asia Pacific region.