UniCredit’s private bank has agreed
a deal with Odyssey Financial Technologies to provide portfolio
management and advisory functions in Austria, Italy and
Luxembourg.
The deal means UniCredit’s Italian private
bank, Bank Austria and HVB Luxembourg will be hooked up to
Odyssey’s Triple’A Plus platform, standardising the technology
being used in the private bank.
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It follows implementation of the same product
at HypoVereinsbank Wealth Management and DAB Bank, both in Germany,
and Schoellerbank in Austria, which are all UniCredit
subsidiaries.
The Triple’A Plus system will be used by a
further 1,000 portfolio and relationship managers at UniCredit.
“As the supplier of Private Banking business
technology to 15 of the 25 top European banks, Odyssey is the right
partner for an international group such as UniCredit,” said Michael
Jongen, Odyssey’s general manager for Western Europe and the
CIS.
“Our scalable solutions are adaptable to each
country’s business requirements, which is essential for
UniCredit.”
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