Consultancy and outsourcing giant Accenture has bought TargetST8 Consulting, a privately held financial services consulting firm specializing in corporate and commercial lending, with offices in New York. Terms of the transaction have not yet been disclosed. Accenture said the addition will complement and enhance the company’s commercial and corporate lending capabilities, and bolster its Credit Consulting practice. Alan Mclntyre, who leads Accenture’s Banking practice globally, said TargetST8 consultants are known for their deep expertise, innovative digital solutions, and outstanding project delivery, particularly in their implementation of Finastra’s Loan IQ solution program. Steve Shyn, managing partner at TargetST8, said Accenture’s scale, scope and reputation for excellence will benefit their clients and employees. Founded in 2013, TargetST8 focuses exclusively on the financial markets. Serving leading banks and investment firms in the US and Europe, the company helps its clients leverage digital lending solutions, including deploying artificial intelligence and robotic process automation.
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