GoUpscale Gets a Boost as Accenture Invests in Wealth Engagement
Accenture has invested in GoUpscale, a tech company that helps wealth management firms in Asia improve how they communicate with clients through digital content. The investment was made through Accenture Ventures on Monday. The move comes at a time when wealth management firms are looking for better ways to engage clients, especially online. According to Accenture, these firms plan to nearly double their assets under management to around $260 trillion by 2026, with 95% of that growth expected to come from relationship managers. GoUpscale uses artificial intelligence to turn traditional materials like brochures and reports into interactive, digital experiences. These tools aim to help wealth managers connect more meaningfully with clients. “With relationship managers remaining one of the most important channels for clients, firms need to scale human touch without scaling cost,” David Wilson, who leads Accenture’s wealth management practice in Asia, mentioned. “The investment content solution from GoUpscale empowers relationship managers to deliver personalised content that transforms everyday interactions into meaningful moments of connection and value,” he added. Dominic Gamble, CEO and co-founder of GoUpscale, said, “The investment from Accenture will allow us to scale our AI capabilities, refine our platform, and bring our solutions to more firms seeking to enhance their client engagement strategies.” Accenture and GoUpscale will work together to bring the platform to more markets, using Accenture’s experience in AI and its network of clients to support expansion. Accenture’s research also suggests that using more relevant, easy-to-understand content could increase yearly revenue by 6–8% for wealth management firms. As part of the deal, GoUpscale will also join Accenture Ventures’ Project Spotlight, a programme that helps AI and data startups connect with industry experts and potential customers. Meanwhile, in its latest earnings call, Accenture reported a revenue of $16.66 billion for Q2, marking a 5.8% decline from the previous quarter, though still 5.4% higher than the same period last year. However, a key factor in the revenue slowdown stems from uncertainty in US government contracts, which account for a significant portion of Accenture’s earnings. The review of federal contracts by US President Donald Trump’s administration has further added to the challenges.
GoUpscale uses artificial intelligence to turn traditional materials like brochures and reports into interactive, digital experiences.
GoUpscale uses artificial intelligence to turn traditional materials like brochures and reports into interactive, digital experiences.
["Accenture"]
["Accenture", "Go", "artificial intelligence", "programming_languages:R", "AI", "programming_languages:Go", "Git", "Aim", "R", "startup"]
["AI", "artificial intelligence", "Aim", "R", "Go", "Git", "startup", "programming_languages:R", "programming_languages:Go"]
Shalini is a senior tech journalist, exploring the latest advancements in AI. When she's not reporting on the latest innovations, you can find her immersed in her next literary adventure.