Accenture Acquires Malaysia-Based Consulting Firm Aristal to Expand Core Banking Transformation Capabilities
Photo Credit: Accenture
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KUALA LUMPUR, July 17, 2025 (VSNewsNetwork.com) — Technology consulting company Accenture has acquired Aristal, a Malaysia-based consulting and digital transformation firm specializing in banking technology. The acquisition represents Accenture’s first banking-focused transaction in the Malaysian market.
Since its founding in in 2006, Aristal has delivered core banking transformation programs and IT system integrations for financial institutions in Malaysia, Indonesia, Singapore, and Thailand. Its team of 30 employees will join Accenture’s Financial Services practice in Malaysia.
In a recent press release, Accenture stated that the acquisition is intended to expand its capabilities in banking system modernization, post-merger system integration, and operational restructuring across Southeast Asia.
"With deep expertise in core banking systems, Aristal has helped banks upgrade outdated platforms, improve operations, and deliver better customer experiences—capabilities that will strengthen Accenture’s financial services offerings," said Paul Ng, Financial Services Lead, Southeast Asia at Accenture.
"This acquisition expands our pool of experienced professionals in Malaysia and strengthens our ability to support clients driving core banking transformation. It reflects our commitment to developing local talent and helping clients harness the power of technology, data, and AI to reinvent how they operate, compete, and grow in an increasingly dynamic banking landscape," said Azwan Baharuddin, Country Managing Director, Malaysia at Accenture.
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"Joining Accenture opens up tremendous opportunities for our team here in Malaysia to grow and contribute on a larger stage. By integrating into Accenture’s global network of innovation and talent, we’re not only expanding our own capabilities, but also enhancing the value we can deliver to clients locally," said Lin Kok Liong, Managing Director at Aristal.
The acquisition follows Accenture’s recent regional investments, including its purchase of Percipient’s digital twin banking technology in Singapore and the launch of an AI Refinery Engineering Hub. The financial terms of the deal were not disclosed.
For more information, visit www.accenture.com.
Source: Accenture
