By CIO Insider Team
 

UniCredit, the Europe-wide commercial bank, and Google Cloud are signing of a Memorandum of Understanding (MoU) detailing a 10-year pact to enhance UniCredit's digital transformation.

This partnership will enable UniCredit to leverage Google Cloud's top-tier infrastructure, AI, and data analytics tools to simplify its digital framework and improve its offerings and services in the bank's 13 primary markets.

This agreement will allow UniCredit's 13 banks to gradually shift to Google Cloud, offering them a cohesive foundation, increased scale, and agility essential for their bold growth strategies and innovation.

Andrea Orcel, CEO Unicredit says, "This strategic partnership with Google Cloud is a pivotal step in our strategy to be the bank for Europe's future. In line with our single-partner approach for strategic collaborations, we have sought out the best and now we are all in with them in the pursuit of excellence. Google Cloud's cutting-edge cloud, AI and data analytics capabilities will empower our ongoing digital transformation – further enhancing our customer offerings, streamlining our operations, and fostering a new era of data-driven innovation."

Ali Khan, Group Digital & Information Officer, UniCredit says, "Partnership with Google Cloud represents a bold move for UniCredit – massively advancing our technology footprint in critical areas such as AI, data and virtualized infrastructure across 13 core markets. What's more, it does so in a way that meets our cyber posture and resiliency needs. Google Cloud will further enhance the technological innovation we are bringing to core operations and last-mile customer solutions."

[CIOS_QUOTES_REPLACETara Brady, President EMEA, Google Cloud says, "I am delighted to see this partnership, and all the opportunities it will bring to both UniCredit and Google. Google Cloud is at the forefront of bringing powerful and the most secure AI technologies to financial institutions across Europe, and with these capabilities UniCredit can speed innovation, create efficiencies and advance its digital transformation, enabling continued success within today's dynamic market."

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"AI is unlocking immense opportunities for business transformation and growth, offering significant economic advantages to organizations that proactively embrace its potential. We are proud to partner with UniCredit as it looks to modernize operations, bring new, innovative offerings to customers, ensure the most robust platform for growth and support its sustainable growth ambitions," says Ruth Porat, President & Chief Investment Officer, Alphabet and Google.