Accenture, IBM Strike Long-Term Technology Partnership With UniCredit
By Anvee Bhutani
Accenture and IBM said Friday they have entered into a long-term strategic collaboration with UniCredit to modernize the Italian bank's technology infrastructure and support its artificial-intelligence ambitions across Europe.
As part of the agreement, Accenture will acquire IBM's majority stake in a joint venture that manages a significant portion of UniCredit's technology infrastructure. IBM will continue to provide the bank with technology platforms, including IBM Z systems, software and consulting services.
The companies said the partnership will establish a new operating model for UniCredit's banking technology, combining cloud, data and AI capabilities with mission-critical infrastructure. They said the program is intended to support the bank's operations across its 13 European markets.
The transaction is expected to close after regulatory approvals and other customary closing conditions are satisfied. Financial terms weren't disclosed.
Write to Anvee Bhutani at anvee.bhutani@wsj.com
(END) Dow Jones Newswires
July 31, 2026 11:27 ET (15:27 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States