Allfunds Tech Solutions, the bespoke digital solutions arm of Allfunds specialising in harnessing the power of digital transformation for clients across the financial services industry, today (30 March) announced a new partnership with UniCredit, the pan-European commercial bank.
The digital investment platform will offer a consistent data universe with extensive and flexible adaptability, enabling UniCredit to optimize costs in technology and resources, market data, and exchange fees.
It is the first step, in a multi-phase project that will eventually roll-out on 13 platforms across Europe marking a transformation into a true global wealth data platform. Allfunds said.
The partnership will leverage Allfunds Tech Solutions digital capabilities to facilitate UniCredit's transformation programme to further streamline its systems that support market and content data providers to the creation of a multi-asset platform to service UniCredit's client base.
Allfunds Tech Solutions will provide an omnichannel solution, by implementing a robust and flexible multi-layer foundation that begins in a bespoke middleware and achieves customized client portals, which to begin will service a minimum of 21,000 professional and 500,000 non-professional clients across Italy, Germany, and Austria.
Allfunds Tech Solutions will provide advanced technologies in a cloud-based SaaS model with disaster recovery and 24/7 support embedded. In order to be prepared for future demands, Allfunds Tech Solutions will also improve efficiency in adding new countries, channels, segments and business requirements, reducing time to market.
Juan de Palacios, chief strategy & product officer, Allfunds, said: "Data and supporting infrastructure are more important than ever, as firms continue to enhance efficiency and optimize costs. We launched Allfunds Tech Solutions in 2022 as part of our Digital business, to provide solutions for the increasingly complex needs of the investments industry.
"We are proud to offer advanced technologies to help UniCredit further streamline its systems and create a global digital platform to better serve its clients."
