Technology
UniCredit Extends Private Banking Collaboration With Odyssey

UniCredit Private Bank Italy, Bank Austria and HypoVereinsbank Luxembourg have selected Triple’A Plus, the portfolio management and advisory platform from the Swiss-based software firm Odyssey Financial Technologies.
The banks' implementation of Triple’A Plus includes with equip a total of 1,000 portfolio managers and relationship managers with use of the platform, and is a further step in the UniCredit Group's collaboration with Odyssey.
Triple’A Plus was previously successfully implemented by HypoVereinsbank Wealth Management and DAB bank in Germany, along with Schoellerbank in Austria - now all part of UniCredit Group. According to Odssey, this success was a key criterion in the further uptake of the platform.
“Building on the success of these projects, UniCredit have decided to standardise their Private Banking platforms with Triple’A Plus in order to align their domestic and international business and operating models. This will create synergies, the sharing of best practices and client service consistency,” said Michel Jongen, Odyssey’s general manager for Western Europe and the CIS.
In addition to portfolio management and analysis, the functions of Triple’A Plus also include building guided investment proposals and automatically monitoring clients’ portfollios, triggering alerts for action and advice. The implementation of the platform will also include integration with tetralog systems’ solution components, including risk/return modelling and “efficient frontier” optimisation.
Founded in Luxembourg in 1995, Odyssey has a staff of 500 and offices New York, Singapore, Zurich, Frankfurt, Munich, Brussels, Geneva and Tokyo. Odyssey’s operational head office is located in Lausanne, Switzerland, which is the location of one of the firm’s development centres, along with Toronto and London.