Accenture Implements State-of-the-Art Payments-Processing Platform with UniCredit as First Client
September 22 2016 - 5:57AM
Business Wire
Accenture Payments-Platform-as-a-Service
Solution built on D+H Global PAYplus® Software
Accenture (NYSE:ACN) today announced a multi-year contract with
UniCredit Business Integrated Solutions, the global service company
of UniCredit, to implement a state-of-the-art
Payments-Platform-as-a-Service (PPaaS) solution. Accenture’s new
PPaaS solution, which is built on DH Corporation’s (TSX:DH) (D+H)
global payments services hub software, is a highly scalable,
pay-per-use solution that will process SEPA and international
payments, and will adapt to new regulations and industry updates,
as well as provide flexibility for future expansion.
The new Payments-Platform-as-a-Service solution from Accenture
and D+H will help industrialize payments processing by
centralizing, automating and simplifying how payments are
processed, addressing compliance with changing regulations and
providing access to innovations, such as immediate payments and
blockchain technology. The platform combines Accenture’s
world-class systems integration, application maintenance and IT
operations capabilities with D+H’s market-leading payments
software. UniCredit Business Integrated Solutions selected
Accenture through a competitive bid process; they signed a contract
through which Accenture will implement and manage the service, with
the first release scheduled in Austria. After roll-out in Austria,
UniCredit Business Integrated Solutions intends to expand the
implementation of the solution to other geographies, such as Italy
and Germany.
“We are pleased to be the first client of Accenture’s
Payments-Platform-as-a-Service solution, which brings together
leading industry experience and capabilities from Accenture with
D+H’s cutting-edge software; we believe this is an innovative
solution that will enable us to better manage costs while
delivering faster payments services for our clients,” said Daniele
Savarè, head of PL Payments, UniCredit Business Integrated
Solutions.
The vast majority of UniCredit’s business requirements will be
covered by the out-of-the-box version of the solution, requiring
minimal customization. The Group will benefit from the pay-per-use
solution, including:
- Transformation and consolidation of its
payments processing technology. The platform is capable of meeting
current and future regulatory requirements and market standards,
and will reduce the complexity and resources required to meet and
comply with these requirements and standards.
- Increased straight-through processing
(STP) rates. The platform will provide reduced operational
risk and significantly less manual efforts.
- Scalability. The platform will provide
a scalable base to fulfill future growth and expansions. UniCredit
will immediately benefit from additional volume.
- Immediate and sustained cost
reductions. The pay-per-use model will help keep long-term IT costs
low and provides for a lower cost implementation.
- Future proof. The platform, supported
by D+H’s payment processing hub, will meet the requirements of
changing regulations and innovations, such as immediate payments
and blockchain. Clients will also have easy access to the unmatched
variety of local clearing connections, schemes and formats that D+H
supports.
“European banks are facing a critical point in time as emerging
technologies, changing consumer behavior, regulations and
competition from new entrants are changing the payments landscape
and putting additional pressure on revenues,” said Massimo
Proverbio, senior managing director and global lead of Accenture
Payment Services. “This new solution provides faster payments
processing that is scalable, regulatory compliant and transparent,
and will help banks better manage large payment transaction volumes
at a lower cost.
“With the increase of payment types, channels and volumes,
payments technology has become mission-critical for financial
institutions and corporates, and UniCredit Business Integrated
Solutions will benefit from this new PPaaS solution,” said Chris
Zingo, group head, sales & account management, Global Payments
Solutions, D+H. “D+H expects that other banks will follow suit and
is already seeing interest in the market, as banks begin to realize
that a centralized model will drive down payments transaction costs
and relieve the burden of infrastructure maintenance.”
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions – underpinned by the world’s largest
delivery network – Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With more than 373,000
people serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
About D+H
D+H (TSX:DH) is a leading financial technology provider that the
world's financial institutions rely on every day to help them grow
and succeed. Our global payments, lending and financial solutions
are trusted by nearly 8,000 banks, specialty lenders, community
banks, credit unions, governments and corporations. Headquartered
in Toronto, Canada, D+H has more than 5,500 employees worldwide who
are passionate about partnering with clients to create
forward-thinking solutions that fit their needs. With annual
revenues in excess of $1.5 billion, D+H is recognized as one of the
world's top FinTech companies on IDC Financial Insights FinTech
Rankings and American Banker's FinTech Forward rankings. For more
information, visit dh.com.
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AccentureErfan Hussain, +
44-7557-866901erfan.hussain@accenture.comorD+HPatrick Kilhaney, +
1-917-286-1053Public Relations & Analyst Relations
Managerpatrick.kilhaney@dh.com
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