Accenture has acquired a financial services company specializing in the use of artificial intelligence and robotic process automation in business and enterprise loans, the company said on Wednesday.
TargetST8 Consulting, which was founded in 2013, focuses exclusively on financial markets, serving banks and investment firms in the United States and Europe, said Accenture. TargetST8 provides clients with digital lending solutions that include the deployment of artificial intelligence and robotic process automation, according to Accenture.
“TargetST8 consultants are known for their deep expertise, innovative digital solutions and exceptional project delivery, particularly in their implementation of Finastra’s Loan IQ solution,” said Alan McIntyre, who leads the banking practice of ‘Accenture globally. “The addition of TargetST8 will enhance our ability to help our commercial and corporate lending clients improve their processes and transform their businesses. ”
The Chicago-based solutions provider said TargetST8 will be used to enhance its business and corporate lending capabilities and strengthen its credit counseling practice.
“Accenture’s size, scope and reputation for excellence will benefit our customers and allow our employees to further develop their expertise,” said Steve Shyn, Managing Partner of TargetST8, in a statement. “Our customers and employees will benefit from accelerated opportunities through the acquisition. We are delighted to be part of one of the largest companies in the world.
This is the latest of at least 10 acquisitions this year for Accenture, No. 2 in the CRN 2018 Solution Provider 500.
In August, Accenture acquired Mindtribe, a San Francisco-based hardware engineering company that counts industry giants like Apple, Google, Tesla, Lyft, Adobe, Ferrari and NASA among its customers. The company also agreed to acquire Pillar Technology, a Columbus, Ohio-based software development company that focuses on the rapid and agile development of embedded software developed for intelligent and connected systems such as autonomous vehicles. .
In July, Accenture bought Kogentix, a company with 275 employees based in Schaumburg, Ill. That provides AI tools to businesses.
In June, it acquired Designaffairs, a German strategic design consultant, which followed the purchase of Certus Solutions in April as part of a deal to strengthen its Oracle Cloud capabilities.