MILAN--(BUSINESS WIRE)--UniCredit, one of Europe’s leading financial services companies, has signed a three-year contract with Accenture (NYSE:ACN), under which Accenture will provide a wide range of services to UniCredit’s IT organization in Italy, Germany, Austria and the United Kingdom.
The contract, won following a competitive tendering process, is part of UniCredit’s broader efficiency-enhancement program, which the bank has launched to improve competitiveness.
The agreement is designed to provide UniCredit with a flexible technology delivery model, which will enable the company to quickly adapt to market and regulatory changes and reduce operating costs. Accenture will mobilize its highly-skilled professionals to ensure UniCredit successfully operates its IT environment in line with business demands.
“The ability to quickly adapt to a world that is constantly evolving is critical to future competitiveness,” said Francesco Donatelli, UniCredit Head of Group Procurement. “By teaming with Accenture, UniCredit ensures it has immediate access to the skill sets that are the best suited for achieving its business and technology performance goals, while reducing costs.”
“This agreement is a major milestone in our longstanding relationship with UniCredit and further reinforces our role as a strategic business partner,” said Michele Morelli, a managing director in Accenture's Financial Services operating group in Italy. “Accenture will deploy the best capabilities available globally to enable UniCredit to differentiate itself in the marketplace.”
UniCredit is a leading European financial group with an international network spanning 50 markets. With more than 8,600 branches1 and nearly 149,0002 employees serving more than 40 million clients, the Group has commercial banking operations in 17 countries and assets of more than €850 billion. As one of the strongest banks in Europe, UniCredit has a Common Equity Tier 1 Capital ratio of 10.4 percent (Fully loaded Basel III). It also has the largest presence of banks in Central and Eastern Europe, with nearly 3,500 branches and assets of €146 billion.
UniCredit operates in: Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
For more information, please go to www.unicreditgroup.eu/en.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 323,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.
1 Figures include branches of Koç Financial Group calculated at 100%
2 FTE "Full Time Equivalent"= number of employees counted for the rate of presence. Figures include employees of Koç Financial Services Group calculated at 100%.