Security News > 2020 > May > Accenture acquires NIKE Group to enhance RegTech and compliance capabilities for clients in Italy

NIKE Group's data-driven approach and compliance platform help clients monitor new regulatory requirements and assist with compliance.

The acquisition enhances Accenture's RegTech and compliance capabilities for clients in Italy and across Europe.

"Financial services firms need a data-driven approach to compliance that manages escalating costs, detects regulatory changes faster and creates new efficiencies," said Massimiliano Colangelo, who leads Accenture's Financial Services Client Group in Italy.

"NIKE Group's extensive regulatory industry experience combined with Accenture's scale and approach to innovation will enable us to create an enhanced data-driven market offering in advanced RegTech that will help clients accelerate their compliance transformations."

"As regulations continue to proliferate across markets, the need for a centralized approach to help organizations manage regulatory compliance strategically is heightened. Together with Accenture, we will continue to develop solutions and technologies to improve governance and compliance processes for financial services, with the aim to expand our services to other industries."

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