Accenture to buy majority stake in Brazilian mortgage processing firm
Accenture (ACN) inked a deal to buy a majority stake in Vivere Brasil Serviços e Soluções S.A. (Vivere Brasil), a mortgage processing tech firm partly owned by BTG Pactual.
The deal brings Accenture’s tech and servicing capabilities into the Brazilian market, allowing the company to focus on improving Brazilian banks ability and capacity to process loans.
It comes at a time when the Brazilian mortgage market is rapidly expanding.
Mortgage loans in Brazil currently make up 7.4% of gross domestic product, compared to 10% in China, 38.1% in Germany, 40.3% in Japan and 81% in the U.S., Accenture claimed in a press statement.