Allfunds Tech Solutions announces new partnership with UniCredit

By Gloria Methri

Allfunds Tech Solutions, which specialises in harnessing digital transformation for the financial services industry, has announced a partnership with UniCredit, the pan-European commercial bank.

The partnership will leverage Allfunds Tech Solutions’ digital capabilities to facilitate UniCredit’s transformation program to further streamline its systems that support market and content data providers.

Allfunds Tech Solutions will provide an omnichannel solution, by implementing a multi-layer foundation that begins in a bespoke middleware and achieves customized client portals. These portals will service a minimum of 21,000 professional and 500,000 non-professional clients across Italy, Germany, and Austria.

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 truly global wealth data platform.

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.”