Singapore/Hong Kong, 14 November 2023 – Accenture has received the Consulting Firm of the Year award in the Bank Integrity & Resilience category of the 6th Regulation Asia Awards for Excellence 2023 at an in-person ceremony on 14 November 2023.
This award recognises excellence by a consulting firm in supporting banks to meet their regulatory obligations and ensure their resilience and integrity by, among other things, providing strategic guidance, innovative solutions, and advisory services.
Accenture was recognised for its work with multiple systemically important and other banks in areas ranging from financial crime compliance, Basel IV regulatory compliance readiness, operational resilience, and digital risk assessments. This includes working with banks to develop and implement group-wide financial crime review and workflow platforms, digitise AML processes, and have systems implemented in time to address regulatory compliance requirements in Singapore.
With approximately 733,000 people serving clients in more than 120 countries, Accenture has also leveraged its unique mix of technology and regulatory know-how to help banks achieve Basel IV readiness, support third-party risk assessments, and create a framework to help regulators accelerate the ingestion of granular regulatory data. The firm is also helping to shape AI practices, through its work on Singapore’s FEAT assessment methodologies and Veritas Toolkits for assessing model fairness, and by helping to develop standards and best practices for generative AI.
The Regulation Asia awards panel highlighted Accenture’s depth of expertise in delivering strategic counsel, innovative solutions, and wide-ranging advisory services to some of the world’s largest financial institutions. The judges also cited Accenture’s collaboration with regulators and its ability to leverage highly advanced technology solutions to facilitate regulatory compliance across multiple disciplinary areas.
About the Regulation Asia Awards for Excellence 2023
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the 2023 award winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 13,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.