SICREDI, a Brazil-based credit union, has selected Irish technology services and outsourcing company Accenture to provide information technology (IT) support and systems development services under a strategic outsourcing contract.

Denilson Mascarenhas, executive director for IT at SICREDI, said: “This engagement closely aligns with our business and IT strategy and follows current market trends of hiring specialized services providers such as Accenture to offer and manage IT solutions. This decision will lead us to a new level of technology, helping us to increase our results and support in the development of new business, products and services for the credit unions integrated or affiliated with our systems.”

Roger Ingold, managing director for Brazil at Accenture, said: “We’ve worked with SICREDI to understand and address their technology in order to support their growth. As one of the main credit unions in the country, SICREDI is positioning itself for new competitive advantages and unprecedented scalability for future growth.”

SICREDI comprises 128 credit cooperatives, with 12,000 employees, 1.6 million members, and more than 1,000 service centers distributed in 10 Brazilian states. It also offers a full portfolio of financial products and services.