Asset manager Amundi has created a new business line aimed at accelerating and expanding the technological solutions available for asset managers and players in the savings industry.

Amundi Technology’s Alto range cloud-based software offers a flexible platform covering the full spectrum of needs for the asset management industry,  a range of discretionary portfolio management and advisory solutions for private and retail banks, and a consolidated front-to-back management platform dedicated to retirement savings.

With this new business line, the company aims to respond to clients’ technological infrastructure needs, which they are reviewing as a result of the Covid-19 pandemic, and generate €150 million (US$181 million) in revenue within five years.

“Amundi has developed a 100% open-source tool for asset managers and all savings players,” says Guillaume Lesage, Amundi COO. “With the strong capabilities of our 700 research and development professionals, we can guarantee fast and safe project delivery and high-quality service over the long term.”