UniCredit Signs 10-Year Google Cloud Digital Transformation Deal Across 13 Markets

UniCredit, a pan-European bank, has entered a 10-year strategic partnership with Google Cloud to accelerate its digital transformation across 13 core markets. The agreement involves migrating substantial parts of UniCredit's application landscape, including legacy systems, to Google Cloud's platform, leveraging advanced AI capabilities such as Vertex AI and Gemini models to enhance services, operational efficiency, and customer experiences. The partnership also aims to explore additional Google services like Google Maps and includes initiatives for digital skills training for UniCredit staff. UniCredit's leadership emphasizes this deal as a pivotal step to position the bank as a leader in Europe's future banking landscape, focusing on data-driven innovation and secure cloud infrastructure. The collaboration reflects a broader trend among financial institutions investing heavily in cloud and AI technologies to foster growth, streamline operations, and develop new AI-driven financial products. UniCredit's shares have responded positively to the announcement, highlighting investor confidence in its digital strategy.