Accenture (ACN) has entered into an agreement with the Fibonacci Group to acquire Cabel Industry, an Italian technology company that provides specialized core banking and IT managed services to mid-size financial institutions. The company said the acquisition will enhance the managed services portfolio of Accenture Financial Advanced Solutions & Technology, dedicated to financial services in Italy. Terms of the transaction were not disclosed.
"Combining Cabel Industry's capabilities with Accenture's existing AFAST assets will create important synergies for our clients and lead to a stronger platform for innovation and efficiency," said Massimiliano Colangelo, Financial Services lead for Accenture in Italy and Greece.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.