Accenture Expands its Relationship with BBVA Chile Through Four-Year Core Banking Application Maintenance Agreement
SANTIAGO, Chile--(BUSINESS WIRE)-- Accenture (ACN) has signed a four-year agreement to maintain and enhance core banking applications for the Chile division of Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA Madrid: BBVA).
Accenture will maintain all of the technology applications that power the banks core operations, from deposits and checking to a full range of customer contact channels. BBVA Chiles core banking platform is based upon Accentures Alnova Financial Solutions.
This agreement reflects our successful relationship with BBVA around the globe, said Juan Pedro Moreno, global managing director of Accentures banking industry practice. BBVAs strong position in Chile, across Latin America and around the world is a result of its clear vision for how operations and technology should center on its customers. We are proud of our decades of work helping the bank achieve that vision and look forward to our new role in helping evolve and improve its core system in Chile through our application outsourcing services.
Core banking systems are sophisticated technology applications that support banks primary services from deposit gathering, lending and mortgages to checking, savings, ATM and credit card services, and online and mobile banking. They can also support a wide range of regulatory reporting and compliance functions for banks. BBVA Chile will be supported by Accenture Core Banking Services, which has helped design and implement core banking systems for more than 200 institutions globally. The Alnova software platform is an award winning core banking solution with more than 100 clients in more than 20 countries.
Accenture is a global management consulting, technology services and outsourcing company, with 257,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the worlds most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.
Accenture Software combines deep technology acumen with industry knowledge to develop differentiated software products. It offers innovative software-based solutions to enable organizations to meet their business goals and achieve high performance. Its home page is www.accenture.com/software. For Banking software, its home page is www.accenture.com/bankingsoftware.
BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, it is the largest financial institution in Mexico and it has leading franchises in South America and the Sunbelt Region of the United States. Its diversified business is biased to high-growth markets and it relies on technology as a key sustainable competitive advantage. BBVA ranks among the leading Euro zone banks in terms of ROE and efficiency. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. The Group is present in the main sustainability indexes.
Sean Conway, +917-592-5744
Francois Luu, +33-1-53236855
Source: AccentureCopyright Business Wire 2012