Accenture's Payments Innovation Showcase
Accenture has announced that it has opened a new facility at its research and development technology lab in Sophia Antipolis, France, dedicated to innovation in the rapidly growing global payments industry. The facility, called the Accenture Payments Innovation Showcase, focuses on original research and development in all facets of the payments business, including mobile communications and other point-of-sale technology, bank-to-corporate connectivity, processing, process models, biometrics, regulation such as the Single Euro Payments Area (SEPA) initiative, and security.
The Accenture Payments Innovation Showcase, combining Accenture’s deep industry experience and leading technology capabilities, will demonstrate how businesses can drive innovation, reduce costs and improve the quality of products and services to their customers by using cutting-edge technologies.
“Technology innovation is a key driver of high performance,” said Martin Illsley, director of research at Accenture Technology Labs in Sophia Antipolis, France. “In combining technology expertise with business acumen, our researchers apply new and emerging technologies to create prototypes and cutting-edge solutions that help clients maximize future performance.”
Every year, 150 leading global organizations attend technology workshops hosted by Accenture at its four technology Labs, in Sophia Antipolis, France, San Jose and Chicago in the United States, and Bangalore, India. The Payments Innovation Showcase will tap into this program, hosting payments executives for one- and two-day applied-technology programs that immerse participants in the payments business and current technology, as well as foster discussion of how their businesses and customers can benefit.
“The payments business faces massive change driven by increased competition, disruptive regulation, declining margins and revenues in traditional lines, rising transaction volume, and greater need for technology, scale and actionable information,” said Antonio Iglesias, an Accenture Financial Services senior executive who leads the payments business in Europe and Latin America. “Now is the time for Accenture to devote even more resources to helping clients better understand and benefit from this change. And it makes sense to base this work in Europe, where so much innovation is taking place.”
The Showcase currently includes industry prototypes that draw on a number of new and emerging technologies including:
- Mobile payments provisioning
- Accenture Near Field Communications Wallet, which enables mobile payments with ATMs
- Biometric identification
- Point-of-sale scenarios
- Mobile banking, including in-branch applications
- Accenture High Performance Bank Business Process tool, which can be used to design the most appropriate and efficient processes for specific tasks
- SAP Payment Engine, a high-scaling payment processing solution for banks, shared-service centers and automated clearinghouses
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