Accenture acquires Percipient’s digital twin technology to transform banking systems

In a move set to redefine banking modernization in Asia-Pacific, Accenture has acquired Percipient‘s digital twin technology platform. This strategic acquisition allows Accenture to expand its capabilities in financial services transformation, offering banks a seamless pathway to update legacy systems and embrace innovative, cloud-based, and AI-driven banking models.

The acquisition, announced on January 8, 2025, underscores Accenture’s commitment to providing banks with cutting-edge tools to foster growth and enhance operational efficiency. Percipient, a Singapore-based fintech company known for its expertise in banking technology, has developed a platform designed to integrate legacy and modern systems into a unified real-time data hub.

The Power of Digital Twin Technology in Banking

Digital twin technology, at its core, creates a virtual representation of banks’ systems, enabling efficient data integration and application. By replicating existing infrastructure digitally, banks can implement updates, develop new services, and enhance customer engagement without overhauling core systems or risking operational disruptions.

The solution, now integrated into Accenture’s offerings, simplifies the complexities associated with core system modernization. By eliminating traditional barriers to transformation, it provides banks with a faster route to innovation. Recent research by Accenture indicates that banks adopting cloud-based digital cores can achieve up to 60% higher revenue growth and a 40% increase in profitability, showcasing the tangible benefits of modernizing financial systems.

Addressing Challenges in Legacy System Overhauls

Masashi Nakano, Accenture’s Financial Services lead for Asia-Pacific, highlighted the pressing need for transformation in the banking sector. He explained that many banks operate on decades-old systems with complex code structures that are costly to maintain and hinder operational flexibility.

According to Nakano, integrating Percipient’s platform strengthens Accenture’s core banking modernization capabilities, helping financial institutions unlock growth opportunities. By leveraging cloud computing, AI, and real-time data analytics, banks can launch products more efficiently, improve customer engagement, and stay competitive in a rapidly evolving market.

Collaboration Driving Seamless Modernization

Percipient’s founder and CEO, Navin Suri, joins Accenture alongside the company’s core technology team, bringing deep expertise and a shared vision for digital transformation in banking. Suri emphasized that the collaboration would enable banks to modernize legacy systems more effectively, reducing risks typically associated with such projects.

Suri also pointed out that the integration aligns with both companies’ missions to simplify complex modernization processes while delivering agility and speed. By combining Percipient’s technology with Accenture’s extensive industry expertise, the partnership aims to reshape how banks approach innovation.

Accelerating Financial Services Transformation in Asia-Pacific

The acquisition is particularly significant for the Asia-Pacific region, where banks face unique challenges in balancing legacy infrastructure with the need for modern, customer-centric solutions. Accenture’s expanded capabilities provide financial institutions with tailored tools to navigate these challenges, ensuring that transformation efforts are both cost-effective and impactful.

This move is part of Accenture’s broader strategy to solidify its leadership in financial technology, with a focus on regions where the demand for modernization is growing rapidly.

Beyond Technology: Transforming Customer Experiences

While the technical benefits of digital twin technology are clear, the acquisition also addresses the evolving expectations of banking customers. Today’s consumers demand personalized, seamless experiences across digital and physical touchpoints. By enabling faster product launches and more responsive service models, the integration of Percipient’s platform supports banks in meeting these demands.

Industry Trends and Competitive Context

Accenture’s focus on digital transformation aligns with broader trends in the financial services sector. As regulatory landscapes evolve and competition intensifies, banks are increasingly prioritizing technology investments to stay ahead. The acquisition positions Accenture as a key partner for financial institutions navigating this shifting landscape, providing them with the tools and expertise needed to succeed.

While the terms of the transaction remain undisclosed, the strategic implications are clear. Accenture’s enhanced capabilities not only strengthen its market position but also set a new benchmark for innovation in banking technology.