Become the IT provider of its competitors. This is the ambition of Amundi, the leading European asset manager with 1.700 billion euros in assets, which announced on March 3 the launch of Amundi Technology. This new business line should allow “Accelerate the commercial development of technological solutions” of the group, around its Alto software, intended for management companies, banks and other specialists in the savings market. “There is a strong need expressed by financial players, due to the pressure on margins and the need for increasingly digital and personalized solutions for their clients., explains Guillaume Lesage, Amundi’s director of operations. Opposite, the IT resources are not up to the challenges. “
Crédit Agricole’s asset management subsidiary is clearly inspired by BlackRock, the world number one in the sector, even if the balance of power is unbalanced. The Aladdin solution developed by BlackRock is a Microsoft asset management solution, adopted in particular by BNP Paribas Asset Management. This portfolio management software package and its counterpart to the alternative management eFront are used by more than 900 clients in 68 countries. At Amundi, the Alto solution currently has 24 customers, some of whom are internal to the Crédit Agricole group. “Around its core portfolio management system, Amundi wants to sell a range of à la carte services, from customer reporting to risk management, including customer relationship software., points out the expert Pierre Monteillard, founder of the company Taycoff. It offers digital tools that are useful for management under mandate and advice, aimed at high net worth clients and employee savings. What sets it apart from BlackRock ”.