Accenture Acquires Digital Twin Platform Developed by Singapore-based Percipient

Accenture has acquired a digital twin technology platform from Percipient, a Singapore-based fintech company.

The platform acts as a virtual duplicate of banks' legacy and modern systems, integrating and unifying data into a single real-time hub.

Percipient’s platform serves as a digital twin—or virtual duplicate—of banks’ legacy and modern systems, integrating and unifying the data from each one into a single-real time hub. This can reduce the challenges that many banks face around core modernizations by simplifying the application of data and enabling faster development of new products and services, all without overhauling existing systems or disrupting operations.

This technology helps financial services clients in the Asia Pacific region accelerate the reinvention of their core systems, fostering innovation and driving growth.

The acquisition complements Accenture's existing banking modernization capabilities, enabling banks to move away from legacy systems and adopt cloud and AI-led services.

Banks transitioning to a modern, cloud-enabled digital core could see up to a 60% increase in revenue growth rates and a 40% rise in profits, according to Accenture's research.

Navin Suri, the founder and CEO of Percipient, along with the company’s core technology leadership team, will join Accenture.

Masashi Nakano, Accenture’s Financial Services lead for Asia Pacific, emphasized the urgent need for transformation in banks' core systems, which are often decades old and costly to maintain.

Navin Suri highlighted the shared vision to reinvent digital transformation at financial institutions, enabling banks to seamlessly transform their legacy systems with greater agility and speed.

This acquisition is expected to significantly enhance Accenture's capabilities in helping banks modernize their core systems and unlock new opportunities for growth.
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