Accenture acquires digital twin technology from Percipient to “help banks decouple from legacy systems”
Singapore-based digital banking and data firm Percipient has sold its proprietary digital twin technology platform, Digital TWINN, to Accenture, which plans to leverage the tech to help financial services clients across the Asia Pacific “accelerate the reinvention of their core systems”.
Accenture acquires digital twin technology platform from Percipient
Accenture says the platform is able to serve as a “virtual duplicate” of banks’ legacy and modern systems, “integrating and unifying the data from each one into a single-real time hub”.
This duplication enables banks to carry out core modernisation programmes without the need to completely overhaul existing systems, ensuring service continuity. Accenture adds that the platform can “reduce the challenges that many banks face around core modernisations by simplifying the application of data and enabling faster development of new products and services”.
The integration of the platform into Accenture’s financial solutions suite will, according to the firm, “help banks decouple from legacy systems and embrace cloud and AI-led banking services”.
“Banks’ core systems are often decades old, with layers of tangled code that are costly to maintain, reduce business flexibility and require highly specialised talent, making the need for transformation urgent,” explains Accenture’s APAC financial services lead, Masashi Nakano.
Comprising transaction and analytics APIs, multimodal data stores, an event hub and a data studio, Percipient first unveiled the platform in 2020 after more than three years in development.
Nakano adds that the platform’s capabilities “strengthen our existing core modernisation offerings, enabling banks to efficiently unlock new opportunities for growth, launch new products faster, and deepen customer engagement through cloud, data, and AI.”
Citing its own research published in 2024, the firm claims that banks which choose to shift to a cloud-supported digital core stand to achieve “up to 60% higher revenue growth rates and a 40% increase in profits”.
