Accenture Acquires NIKE Group to Enhance its RegTech and Compliance Capabilities for Financial Services Firms
Accenture plc Class A Ordinary Shares (Ireland) (ACN)
Last accenture plc class a ordinary shares (ireland) earnings: 3/19 06:44 am
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Source: Business Wire
MILAN--(BUSINESS WIRE)--Accenture (NYSE: ACN) has acquired NIKE Group, an Italian consulting firm that provides regulatory technology (RegTech) services and solutions to financial services firms. Accenture announced its intent to acquire the business on April 14, 2020. Financial terms of the transaction were not disclosed.NIKE Group’s data-driven approach and compliance platform help clients monitor new regulatory requirements and assist with compliance. This is particularly important as financial services’ compliance departments continue to navigate an ever-expanding and complex set of regulations.The team at NIKE Group will join Accenture’s Italian Financial Services practice. The acquisition enhances Accenture’s RegTech and compliance capabilities for clients in Italy and across Europe.“Financial services firms need a data-driven approach to compliance that manages escalating costs, detects regulatory changes faster and creates new efficiencies,” said Massimiliano Colangelo, wh
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