Based on the terms of the 10-year multi-billion dollar agreement, the lender will get latest solutions and cloud technology for modernization of its IT infrastructure, which will boost its efficiency and competitiveness in the financial marketplace.
Moreover, both companies have also agreed to set a joint venture (JV) known as UniCredit Business Integrated Solutions, which will have staff of both firms in Italy, Germany, Austria, Slovakia, and Czech Republic.
Equipped with latest trends and technologies of the banking industry, the new company will market and offer IT infrastructure services not only to UniCredit, but also to other firms and organizations.
A Value Creation Center is also in the offing by IBM and UniCredit, which will exploit the new technologies in the banking sector to deliver better services and drive success for clients on a continuous basis.
Besides, the center will keep a close watch on the emerging trends in the banking and IT industries and recognize emerging disruptive technologies to be rapidly introduced into UniCredit’s infrastructure.
IBM’s cloud analytics will provide optimum forecast and view to trade in financial markets, manage spending, among others.
Serving 40 million customers through 9,500 branches, UniCredit operates in 22 markets in Europe and 55 across the globe.
