Accenture acquired Aristal, a Malaysia-based consulting firm specializing in financial services, marking its first banking-focused deal in the country.
The acquisition enhances Accenture’s ability to assist Malaysian banks in upgrading their systems, enhancing operations, and managing significant changes, such as mergers. Founded in 2006, Aristal is recognized for its professional advice and expertise in core banking transformations, having successfully delivered large-scale IT and business upgrades for financial institutions across Malaysia, Indonesia, Singapore, and Thailand.
The 30 senior team members will join Accenture’s Financial Services practice in Malaysia, combining sector knowledge with Accenture’s technology to enhance scalable transformation projects.
Malaysia’s efforts are driven by industry-wide system modernization and digital growth. This move reflects Accenture’s ongoing investment in Southeast Asia, supporting clients in adopting AI, cloud, and modern core systems through initiatives such as acquiring Percipient’s digital twin technology in Singapore and establishing the AI Refinery Engineering Hub to foster innovation.
KEY QUOTES:
“With deep expertise in core banking systems, Aristal has helped banks upgrade outdated platforms, improve operations, and deliver better customer experiences—capabilities that will strengthen Accenture’s financial services offerings. Their experience implementing core banking platforms, designing operating models, and supporting post-merger integration will enhance our ability to help banks across Southeast Asia transform faster and operate more efficiently.”
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.”
Azwan Baharuddin, Country Managing Director, Malaysia at Accenture
“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.”
Lin Kok Liong, Managing Director at Aristal
