Business management consulting company Accenture, acquired fintech consultancy VERAX, in a bid to enhance its banking technology offerings in Canada.
The addition of VERAX’s technology (which delivers wealth management, brokerage, mobile and online banking, and capital markets “consulting initiatives” for leading financial institutions) will integrate into Accenture’s pre-existing technology capabilities for financial services within Canada.
The deal with VERAX, follows Accenture’s acquisition of payments consultancy First Annapolis, announced in March.
Financial terms for the purchase, which was announced by the companies yesterday, were not disclosed.
Read more at Accenture, and BankingTech.