In a separate deal, Accenture will buy Itaca Service, an IT services provider, which is part of Banco Popolare’s leasing business. Itaca provides IT services to Banco’s leasing companies and also to Alba Leasing.
Under the five-year outsourcing deal, Accenture will develop, maintain and support Banco Popolare’s and Alba’s leasing systems, including leasing product management and regulatory reporting.
Accenture will also manage the IT infrastructure for thee companies’ leasing operations, including remote management and support, data center operations, network and deskside support services. The companies did not disclose the value of the deal.
“It’s important for Banco Popolare Group to ensure its leasing applications and infrastructure are aligned with its business strategy, while optimizing overall IT costs,” Ottavio Rigodanza, chief operating officer at Banco Popolare Group, said in a statement. “With Accenture’s support, we will benefit from improved quality of services, and we will be able to focus more on our core activities and on growing our business.”
Banco Popolare is Italy’s fourth largest bank by assets and Alba Leasing is among the country’s top 10 leasing companies by new contracts, Accenture said.