UniCredit Teams Up with Accenture and IBM on European Banking Tech Overhaul

Italian banking giant UniCredit has partnered with Accenture and IBM to modernize its technology infrastructure across 13 European markets. The multi-year program will establish a new operating model, combining mission-critical systems with flexibility for innovation and AI scaling.

The agreement includes Accenture acquiring IBM's majority stake in the joint venture that manages a significant portion of UniCredit's tech infrastructure. As part of the collaboration, IBM will provide modernized technology platforms, including IBM Z software and consulting services.

Ali Khan, Group Digital & Information Officer at UniCredit, stated, 'Technology is a strategic enabler of UniCredit's growth and transformation.'

Mauro Macchi, CEO of Accenture EMEA, noted, 'By bringing together a pan-European footprint, strong execution capabilities, and mission-critical technology, we are creating a reinvention model built to scale across markets.'