Accenture said it has grown its managed services suite with the launch of a compliance-as-a-service (CaaS) offering targeted at the financial services industry. The company said the service aims to help firms comply with evolving regulations in a cost-effective manner. It added that the tool uses the SynOps operating engine to combine data, applied intelligence, digital technologies, and talent to fight financial crime and ensure compliance. The solution aims to support the compliance units of banks, insurers, capital markets, and other organizations. Bob Bradley, leader of the CaaS offering at Accenture Operations, said that by shifting compliance-related functions to a flexible operating system, their CaaS offering will allow clients to manage risk with efficiency and speed, giving clients more time to focus on higher value-added opportunities. Accenture’s new offering will also enable compliance employees to boost their skill-sets, improve their productivity, and face emerging challenges such as data privacy, said Steve Culp, head of Accenture’s finance and risk practice.
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