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Amundi unveils cloud-base technology solutions service with EUR 150 million revenue target

News Team, 04/03/2021

Europe's largest asset manager Amundi has announced the creation of Amundi Technology, a new business line dedicated to providing technological solutions for asset managers following the Covid-19 crisis.

The service supports clients through technological transformations accelerated by the pandemic, and could benefit asset managers as it aims to respond to client needs and infrastructure challenges. It provides cloud-based software developed by its portfolio management system, ALTO.

This includes:

Alto Investment - a flexible platform covering thespectrum of needs for the asset management industry.

Alto Wealth and Distribution - a range of portfolio management and advisory solutions for private and retail banks

Alto Employee Savings & Retirement - a consolidated front-to-back management platform dedicated to retirement savings

Amundi expects the service to be a new growth driver for Amundi Group, and generate EUR 150 million in revenue within five years.

Yves Perrier, Amundi CEO said in a statement: “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 chief operating officer, added: “The Alto range benefits from a unique know-how built over the last ten years. Amundi has developed a 100 percent 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.”

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