Infotech Lead America: Accenture has signed an agreement to maintain and enhance core banking applications for the Chile division of Banco Bilbao Vizcaya Argentaria.
As per the four-year agreement, Accenture will maintain all of the technology applications that power the bank’s core operations, from deposits and checking to a full range of customer contact channels. BBVA Chile’s core banking platform is based upon Accenture’s Alnova Financial Solutions.
“This agreement reflects our successful relationship with BBVA around the globe,” said Juan Pedro Moreno, global managing director of Accenture’s banking industry practice.
Core banking systems are sophisticated technology applications that support banks’ primary services – from deposit gathering, lending and mortgages to checking, savings, ATM and credit card services, and online and mobile banking.
They can also support a wide range of regulatory reporting and compliance functions for banks. BBVA Chile will be supported by Accenture Core Banking Services, which has helped design and implement core banking systems for more than 200 institutions globally. The Alnova software platform has been used by more than 100 clients in more than 20 countries.
Recently, Accenture claimed that it deployed the General Fund Enterprise Business System (GFEBS) for the U.S. Army. The U.S. Army can achieve auditability while streamlining business processes at 227 Army bases and offices in 71 countries, including the United States, Kuwait, Germany and South Korea.