UniCredit, Accenture and IBM Collaborate to Build Europe’s Next-Generation Banking Platform
The partnership will establish a new technology operating model combining the resilience of mission-critical systems with the flexibility of cloud, data and artificial intelligence.
UniCredit, one of Europe’s leading pan-European banking groups, Accenture (NYSE:ACN) and IBM have announced a long-term strategic collaboration that establishes the technology foundation supporting UniCredit’s growth across the thirteen European markets in which the Group operates.
The companies will work to design a new operating model for banking technology—one that gives UniCredit greater control over its technology evolution while combining the resilience of mission-critical systems with the flexibility of modern digital platforms, enabling continuous innovation.
As part of the agreement, Accenture will acquire from IBM the majority stake in the joint venture that currently manages a significant portion of UniCredit’s technology infrastructure. Additionally, IBM will provide modernised technology platforms to UniCredit, including IBM Z, software, and consulting. This agreement is the beginning of a multi-year programme to enhance the bank’s underlying systems and operating model.
