Accenture has opened its Innovation Centre for Risk and Compliance in Sydney, which is aimed at supporting the financial services sector, including insurers.

The centre offers a range of solutions using data management, intelligent automation and advanced analytics powered by Big Data, cloud and artificial intelligence-related technologies.

“With customer and regulator trust at an all-time low, it is important for banks and insurers to get future risk, governance and compliance initiatives right,” Finance, Risk and Compliance Lead Australia and New Zealand Tales Lopes told insuranceNEWS.com.au.

“The centre has been developed to aid both banks and insurers, helping them to cost-effectively improve the quality and consistency of compliance and enhance transparency with both customers and regulators using advanced technologies such as analytics and artificial intelligence.”