MILAN, March 5 (Reuters) - Italy's largest bank Intesa Sanpaolo said on Thursday it would extend its use of BlackRock's investment technology Aladdin Wealth to support the group's expansion outside
Intesa Sanpaolo Extends BlackRock Aladdin Wealth to International Banks Division
Intesa Sanpaolo's Strategic Expansion with Aladdin Wealth
Introduction to the Expansion
MILAN, March 5 (Reuters) - Italy's largest bank Intesa Sanpaolo said on Thursday it would extend its use of BlackRock's investment technology Aladdin Wealth to support the group's expansion outside Italy.
Implementation of Aladdin Wealth
Initial Rollout in International Banks Division
Aladdin Wealth, an investment and risk management platform already in use at Intesa, will be rolled out in its International Banks division, starting with Slovakia and Hungary.
Future Expansion Plans
Slovenia and Croatia will follow in 2027, Intesa said in a statement.
Strategic Alignment and Growth
Advisory Model and Technology Focus
The move is part of the bank's push to expand its advisory model overseas and aligns with its 2026-2029 strategy, which identifies technology as a key growth driver for the International Banks unit, the Italian lender said.
Reporting Credits
(Reporting by Claudia Cristoferi, editing by Gianluca Semeraro)
