Accenture and EY Making Moves to Grow Blockchain Technology

Accenture and EY Making Moves to Grow Blockchain Technology

THELOGICALINDIAN - Two of the better bunch able consultancy firmsErnst Young EY and Accenture accept blockchain technology is atthe beginning of addition and accumulation acceptance Both EY and Accenture are hosting two abstracted acceleratorfocused contest on bolstering fintech and broadcast balance protocols

Also read: Accenture & Digital Asset Holdings Launch New Blockchain Consulting Firm

Accenture Hosts 5th Annual London FinTech Innovation Lab

accentureApplications are now actuality accustomed for Accenture’s 12-week FinTech Innovation Lab in London. The accident will be the company’s 5th anniversary banking tech accelerator, advised to advice aboriginal date startups with product and business development. Budding entrepreneurs and companies will accept mentorship and acknowledgment from innovators and admiral from acclaimed financial institutions.

Startups accessory the lab will be focused on fintech applications such as blockchain technology, Internet of Things devices, aegis and accident management, and agenda media. In commendations to broadcast ledgers, the bunch close predicted the technology would accept a cogent appulse on business. In a recent report, Accenture articular blockchains as “possibly the better befalling from demography an accessible access to innovation.”

This year’s accident will additionally be broadcast to additionally accouterment Insurtech concepts as the close believes allowance technology-based markets will abide to rise. Accenture said allowance technology advance has jumped from $250,000 in August of 2015 to $22 actor in 2016.

FintechThis year’s Accenture accident will accept a acclaimed list of participants including Bank of America Merrill Lynch, Barclays, Citi, Goldman Sachs, HSBC, JP Morgan Chase, and more. Accenture said global insurers accommodating in the accident would be appear in January.

The appliance borderline ends October 9 and the 12-week advance will activate in January 2017. Startups will coact with senior-level banking account admiral to advance and best assassinate their business strategies. The end of the advance will feature a graduation day in March in advanced of an admirers of innovators and venture capitalists.

EY’s Blockchain Challenge

Ernst and YoungEY is additionally throwing a six-week challenge, except this accident is committed to broadcast balance technology. Induction day will activate on September 7 with six called startups including BlockVerify, BTL Group, Tallysticks, Adjoint, JAAK and Bitfury. The EY blockchain claiming will begin on September 12.

The EY Blockchain Challenge will accept startups focus primarily on two audible industry services: agenda administration for the ball sector, and activity solutions. Entrants will accept admission to EY’s applicant mentors, educational workshops, columnist exposure, and networking with institutional executives.

The affairs will end on October 20 with a advertise day area startups will acknowledge their prototypes. EY is attractive for companies that accept already developed a beta band-aid and are “ready to accouterment the claiming by demography on acknowledgment from EY’s audience and mentors.” Startups will charge to abject themselves in the axial London area and coact with EY and its clientele.

Financial Services Management Giants See Enormous Potential in Fintech & Blockchain

To abounding investors and entrepreneurs, it’s a big accord for EY and Accenture to support fintech and blockchain so publicly. Both of these two accumulated entities are avant-garde day powerhouses back it comes to the abridgement and markets. Accenture is the world’s better consulting close and a Fortune Global 500 company. EY is one of the “Big Four” analysis firms and is the third largest, afterward PwC and Deloitte.

Both Accenture and EY accept accounting assorted letters on how banking and distributed ledger tech will transform our society. The EY Blockchain Challenge and the Accenture FinTech Innovation Lab should advice bolster this idea.

What do you anticipate about Accenture and EY’s London Blockchain and Fintech Events? Let us apperceive in the comments below.

Source: Accenture & EY 

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