Amundi announces the creation of a new business line, Amundi Technology, aimed at accelerating and expanding the sale of technological solutions for Asset managers and players in the saving industry.

? #Creation | Amundi announces today the creation of Amundi Technology, a new business line dedicated to #technology products and services.
➡ Learn more ⤵ https://t.co/1SHpCDq7tK

— Amundi (@Amundi_ENG) March 3, 2021

Amundi Technology offers Cloud-based software, benefitting from Amundi’s technological resources and a deep understanding of the increasingly complex issues facing asset management companies:

• Alto* Investment, a flexible platform covering the full spectrum of needs for the asset management industry;
• Alto* Wealth and Distribution, offering a range of Discretionary Portfolio Management and Advisory solutions for Private and Retail banks; and
• Alto* Employee Savings & Retirement, a consolidated front-to-back management platform dedicated to retirement savings

This complete “front-to-back” offer is based on Amundi’s technological expertise and skills, with 700 experts spread over two hubs (Dublin and Paris) and teams located in 19 countries, including Amundi’s main centres in Europe, Asia and America. Amundi Technology will benefit from Amundi’s recognised ability to implement software and transform operational models, whether for its own needs – such as through Amundi’s mergers (acquisition of Pioneer Investments, integration of Sabadell AM in Spain, creation of the Amundi BOC joint venture in China)-  or for external clients. To date, Amundi’s solutions have already been deployed to 24 clients in Europe and Asia, including 11 in 2020.

Asset managers and players in the savings industry need to respond to client needs and review their technological infrastructure. The Covid-19 crisis has underscored these challenges even further. Amundi Technology therefore supports clients through this technological transformation, while benefiting from turnkey solutions based on first-class technologies, complemented by “à la carte” services.

This new business line, which we expect to generate €150 million in revenues within five years, will be a new growth driver for Amundi Group.

Yves Perrier, Amundi CEO, said: “Technology is a key point of differentiation and development for financial institutions. Amundi has had strong growth over the last ten years thanks to this firm belief, by continuously investing in talent and infrastructure. As such, we have committed to creating a dedicated business line for asset managers, institutional investors, and all those within the savings industry.”

Guillaume Lesage, Amundi COO, added: “The Alto range benefits from a unique know-how built over the last ten years. Amundi has developed a 100% open source tool that is one of the most innovative solutions for asset managers and all savings players. With the strong capabilities of our 700 R&D professionals, we can guarantee fast and safe project delivery and high quality service over the long term. Amundi Technology aims to be the long-term digital partner for financial institutions.”

Source: Amundi