May 14, 2025 | Posted by Abdul-Rahman Oladimeji
Pan-European bank UniCredit has signed a 10-year Memorandum of Understanding (MoU) with Google Cloud which will see UniCredit using Google's infrastructure, AI, and data analytics solutions in its 13 core markets.
"This strategic partnership with Google Cloud is a pivotal step in our strategy to be the bank for Europe's future," said Andrea Orcel, CEO at UniCredit. "In line with our single-partner approach for strategic collaborations, we have sought out the best, and now we are all in with them in the pursuit of excellence. Google Cloud's cutting-edge cloud, AI, and data analytics capabilities, will empower our ongoing digital transformation - further enhancing our customer offerings, streamlining our operations, and fostering a new era of data-driven innovation."
"Partnership with Google Cloud represents a bold move for UniCredit - massively advancing our technology footprint in critical areas such as AI, data, and virtualized infrastructure across 13 core markets," added Ali Khan, group digital & information officer, UniCredit. "What's more, it does so in a way that meets our cyber posture and resiliency needs. Google Cloud will further enhance the technological innovation we are bringing to core operations and last-mile customer solutions."
"I am delighted to see this partnership, and all the opportunities it will bring to both UniCredit and Google," said Tara Brady, president of EMEA at Google Cloud. "Google Cloud is at the forefront of bringing powerful and the most secure AI technologies to financial institutions across Europe, and with these capabilities UniCredit can speed innovation, create efficiencies, and advance its digital transformation, enabling continued success within today's dynamic market."
