According to Accenture, its solution will enable the BBVA Compass with real-time processing capabilities, allowing immediate posting of deposits and loan payments for increased efficiencies.
The solution will also improve the product time-to-market enabling the bank to swiftly adapt to changing customer preferences while at the same time proactively addressing changing regulations.
The Alnova Financial Solutions will support BBVA Compass’ operations in Texas, New Mexico, Florida, Colorado, California, Arizona and Alabama.
Accenture claims that its solution will improve the bank’s cross-selling and customer retention, increase efficiencies and further align the bank’s global operations by integrating its US banking network into a common IT platform.
It will deliver real-time bank processing capabilities and support increased transaction volumes for BBVA Compass while streamlining and enhancing the bank’s risk management functions.
BBVA US country manager and president and CEO of BBVA Compass Manolo Sanchez said that this investment represents a significant milestone in the implementation of the BBVA universal banking model in the US and embodies bank’s belief that technology will play an important role in creating a more transparent and efficient banking system.
