Alessio Nisticò

Artificial intelligence is more than just a trend – it is an essential factor for the future of banking. At the 11th SUERF UniCredit Foundation Research Prize and Workshop “AI in Banking and Finance,” we explored this topic in depth. I firmly believe that AI will fundamentally transform our industry. By increasing efficiency, improving risk management, and enhancing customer experiences, we will achieve a sustainable transformation of the financial world. The numerous applications of AI, which we are only beginning to tap into today, offer tremendous potential. It is crucial that we use this technology responsibly, always keeping data protection and security in mind. I congratulate this year’s research prize winners: Maximilian Göbel and Thibault Cézanne Thank you to all speakers and participants for the exciting insights and engaging discussions. #UniCreditFoundation #DigitalTransformation #AI

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Intesa Sanpaolo Banka BiH, part of Intesa Sanpaolo's International Subsidiary Banks Division, joins a new risk sharing project from EBRD, the European Bank for Reconstruction and Development. Through this partnership, EBRD will share the 50% of the risk from each separate loan, granted by Intesa Sanpaolo Banka BiH to companies that meet the conditions of the project. “Using this instrument, the Bank will have a more flexible approach, it will increase its ability to assume part of the risk, and it will help set new challenging goals for all our existing and potential legal entities clients, all under the favorable financing conditions", said Marco Trevisan, President of the Management Board of Intesa Sanpaolo Banka BiH. Contracts signed between ERBD and Intesa Sanpaolo Banka BiH assume financing up to EUR 30 million. It is the first time that EBRD launches a risk sharing project in the country, and Intesa Sanpaolo Banka BiH is the first local bank to join it, strengthening the successful cooperation carried out so far. https://ow.ly/GvGy30sFgsS #IntesaSanpaolo #IntesaSanpaoloBankaBiH #isbd #Bosnia-Herzegovina #EBRD #international

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New challenges and Expectations in the non-banking financial sector in the Republic of Bulgaria! Outstanding conference organized by the #FinancialSupervisionCommission on #OECD principles of corporate governance, #DORA and #MiCAR regulations.

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#Bouldersinstituteofmicrofinance. Attending training on digitization and the journey in Turin Italy 🇮🇹 and I must admit that the networks that is being built is so valuable. The Boulder Institute of Microfinance is going to add value to anyone that is interested in digitization, rural financial services and customer centricity. #never stop learning.

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UniCredit Group Correspondent Banking and Global Securities Services welcomed more than 80 clients last week to its International Banking Seminar hosted in its Milan's headquarters. During the seminar there was an insightful debate around the evolving industry landscape in Trade Finance, Cross Border Payments and Securities Services, where the theme of collaboration and partnership between correspondent banks was outlined as a key success factor to continue to connect a globalized but also more and more fractioned world through cross border payments and trade flows. Alongside the value of collaboration, the main takeaways from the seminar have been: 🔸 The banking sector and especially European banks are showing strong results and resiliency 🔸 Geopolitical challenges are creating frictions and reshaping established economic and global trade patterns 🔸 Digital evolution gives a great opportunity to review business models to create more efficiency, while crucially also enhancing the client experience 🔸 The competitive arena is evolving also thanks to new players as well as rising influence of regulations and ESG related focus 🔸 Ensuring profitability and long term sustainability of the industry requires a collaborative approach also to important matters such as security, financial crime prevention and overall safeness of operations in the interest of all market participants and clients A big thank you to all the participant to this event!!      📌 #Payments #Trade #Custody #Correspondent #Banking #securitieservices UniCredit

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Intesa Sanpaolo successfully completes the acquisition of First Bank in Romania from J.C. Flowers & Co., more than doubling its presence in the country to become one of Romania’s top 10 banks; the Group has operated in the country through Intesa Sanpaolo Bank Romania since 1996. Both First Bank and Intesa Sanpaolo Bank Romania are part of the Group's International Subsidiary Banks Division, which plays a key role in Central & Eastern Europe. This expanded presence not only enhances banking services but also aims to catalyze economic development, support businesses, and offer global products and services. As Italy’s leading bank, Intesa Sanpaolo strengthens its ties with Romania, home to many key Italian firms. Its robust financial performance drives value for stakeholders and underscores the Group’s commitment to ESG, with a leading position in social impact and climate focus. #IntesaSanpaolo #FirstBank #Romania #Banking #EconomicDevelopment #ESG #Italy https://ow.ly/o66330sCZiq

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Intesa Sanpaolo successfully completes the acquisition of First Bank in Romania from J.C. Flowers & Co., more than doubling its presence in the country to become one of Romania’s top 10 banks; the Group has operated in the country through Intesa Sanpaolo Bank Romania since 1996. Both First Bank and Intesa Sanpaolo Bank Romania are part of the Group's International Subsidiary Banks Division, which plays a key role in Central & Eastern Europe. This expanded presence not only enhances banking services but also aims to catalyze economic development, support businesses, and offer global products and services. As Italy’s leading bank, Intesa Sanpaolo strengthens its ties with Romania, home to many key Italian firms. Its robust financial performance drives value for stakeholders and underscores the Group’s commitment to ESG, with a leading position in social impact and climate focus. #IntesaSanpaolo #FirstBank #Romania #Banking #EconomicDevelopment #ESG #Italy https://ow.ly/l17e30sE0PT

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Intesa Sanpaolo successfully completes the acquisition of First Bank in Romania from J.C. Flowers & Co., more than doubling its presence in the country to become one of Romania’s top 10 banks; the Group has operated in the country through Intesa Sanpaolo Bank Romania since 1996. Both First Bank and Intesa Sanpaolo Bank Romania are part of the Group's International Subsidiary Banks Division, which plays a key role in Central & Eastern Europe. This expanded presence not only enhances banking services but also aims to catalyze economic development, support businesses, and offer global products and services. As Italy’s leading bank, Intesa Sanpaolo strengthens its ties with Romania, home to many key Italian firms. Its robust financial performance drives value for stakeholders and underscores the Group’s commitment to ESG, with a leading position in social impact and climate focus. #IntesaSanpaolo #FirstBank #Romania #Banking #EconomicDevelopment #ESG #Italy https://ow.ly/qYrA30sCY02

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Privredna banka Zagreb (PBZ), part of ISBD, the International Subsidiary Banks Division of Intesa Sanpaolo, was the sole agent and investor involved in the successful corporate bond issue of “Yellow Submarine d.o.o.”, the first Minibond issuer to successfully raise funds on domestic capital market for its future business growth and development. The minibonds, issued on June 20, 2024, will mature in 2031 with a total nominal value of €3 million. This issuance was fully supported in both the origination and structuring phases by the Corporate & SME Department of ISBD. Minibonds provide SMEs with an alternative funding source to traditional bank loans, typically issued by SMEs and traded in specialized segments of the financial market. The adopted Minibond framework follows the successful structure created by Intesa Sanpaolo in Italy to support the most virtuous SMEs embracing the widest synergies approach within the ISP Group. This alternative finance instrument is now officially available in Croatia and will be soon extended to other ISBD countries. “We are very proud to have launched the Minibond initiative with PBZ, leveraging the synergies and experience of the Intesa Sanpaolo Group. This product will favor the real economy, particularly SMEs, the backbone of the Croatian economy. We strongly believe that the Minibond initiative will be an enabling factor for ISBD as the Partner of Choice for our clients.” Said Giuseppe Ferraro, Executive Director Intesa Sanpaolo, Head of Corporate & SME Department – ISBD. Yellow Submarine, a gourmet burger chain with 20 outlets in major Croatian cities, has a robust business model featuring prime locations, delivery services, and event participation. In 2023, the company reported revenues exceeding €15 million, with additional growth opportunities. https://ow.ly/9TR330sEqAK #IntesaSanpaolo #PBZ #isbd #croatia #minibond #smes #yellowsubmarinedoo

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UniCredit announces investments in Vodeno and Aion Bank #UniCredit has made a significant move in the #fintech space by announcing its acquisition of #Vodeno Sp. z o.o. and #Aion Bank SA/NV. This strategic investment, valued at approximately €370 million, marks UniCredit's entry into the next generation of core banking technology and digital banking services. Vodeno and Aion Bank offer a comprehensive Banking-as-a-Service (BaaS) platform, combining a cloud-native core banking system with a full suite of financial services. This platform supports a wide range of financial products, including current accounts, deposits, loans, and payment services, which can be seamlessly integrated into the operations of retailers, e-commerce platforms, fintech companies, and traditional banks across Europe. Founded on advanced cloud technology and smart contracts, Vodeno’s core banking system is API-based and designed to offer scalability and flexibility. By acquiring Vodeno and Aion Bank, UniCredit gains a significant technological edge, allowing it to operate independently from third-party core banking providers. This move enables UniCredit to innovate rapidly, adapt to market changes, and enhance its technological capabilities with the support of a new team of 200 engineers, developers, and data scientists. Andrea Orcel, CEO of UniCredit, highlighted the strategic benefits of this acquisition, stating, "This investment allows us to leverage Vodeno’s technology and talent to enhance our proprietary technology, using it as a sandbox for developing, testing, and innovating for the benefit of our entire group. The combination of Aion Bank with this integrated technology enables us to enter specific customer segments and entire markets across Europe, offering additional opportunities to efficiently deploy our excess capital." This acquisition positions UniCredit to expand into new customer segments and markets, particularly in high-value areas such as SMEs and affluent clients. Additionally, it enhances UniCredit’s embedded finance offerings, allowing the bank to provide cutting-edge services to marketplaces, e-commerce, and fintech companies, thereby improving customer experience and competitive advantage. The acquisition is expected to close in the fourth quarter of 2024, subject to regulatory approvals, with a minimal impact on UniCredit's consolidated CET1 ratio. This bold move sets UniCredit on a path to becoming a leader in digital banking and financial innovation, leveraging the combined strengths of Vodeno’s technology and Aion Bank’s banking capabilities to drive growth and efficiency across Europe. The announce on #Unicredit website in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

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Intesa Sanpaolo Banka BiH, part of Intesa Sanpaolo's International Subsidiary Banks Division, joins a new risk sharing project from EBRD, the European Bank for Reconstruction and Development. Through this partnership, EBRD will share the 50% of the risk from each separate loan, granted by Intesa Sanpaolo Banka BiH to companies that meet the conditions of the project. “Using this instrument, the Bank will have a more flexible approach, it will increase its ability to assume part of the risk, and it will help set new challenging goals for all our existing and potential legal entities clients, all under the favorable financing conditions", said Marco Trevisan, President of the Management Board of Intesa Sanpaolo Banka BiH. Contracts signed between ERBD and Intesa Sanpaolo Banka BiH assume financing up to EUR 30 million. It is the first time that EBRD launches a risk sharing project in the country, and Intesa Sanpaolo Banka BiH is the first local bank to join it, strengthening the successful cooperation carried out so far. https://ow.ly/fe9830sFoaL #IntesaSanpaolo #IntesaSanpaoloBankaBiH #isbd #Bosnia-Herzegovina #EBRD #international

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Banca Intesa Beograd, part of Intesa Sanpaolo’s ISBD – International Subsidiary Banks Division, and the European Bank for Reconstruction and Development signed a €72mln package including three financing facilities: a new risk-sharing framework of €50mln, from which Banca Intesa is the first Serbian bank to benefit; a €15mln loan under the SME Go Green Programme, co-funded with the European Union; and a €7mln senior loan under the Western Balkans Women in Business Programme. “Banca Intesa Beograd’s collaboration with EBRD represents a pivotal advancement in bolstering financial support for Serbian enterprises. This €72 million financing package, which includes risk-sharing, green economy, and women’s economic inclusion initiatives, highlights the Intesa Sanpaolo ISBD’s dedication in promoting sustainable growth and economic empowerment in the region” said Giuseppe Ferraro, Head of Intesa Sanpaolo’s ISBD Corporate & SME. https://ow.ly/Vvg130sFmBE #intesasanpaolo #isbd #bancaintesabeograd #ebrd #serbia #eu #international #SME #green #inclusion

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Intesa Sanpaolo Banka BiH, part of Intesa Sanpaolo’s International Subsidiary Banks Division, joins a new risk sharing project from EBRD, the European Bank for Reconstruction and Development. Through this partnership, EBRD will share the 50% of the risk from each separate loan, granted by Intesa Sanpaolo Banka BiH to companies that meet the conditions of the project. “Using this instrument, the Bank will have a more flexible approach, it will increase its ability to assume part of the risk, and it will help set new challenging goals for all our existing and potential legal entities clients, all under the favorable financing conditions”, said Marco Trevisan, President of the Management Board of Intesa Sanpaolo Banka BiH. Contracts signed between ERBD and Intesa Sanpaolo Banka BiH assume financing up to EUR 30 million. It is the first time that EBRD launches a risk sharing project in the country, and Intesa Sanpaolo Banka BiH is the first local bank to join it, strengthening the successful cooperation carried out so far. https://ow.ly/5r1g30sFn3R #IntesaSanpaolo #IntesaSanpaoloBankaBiH #isbd #Bosnia-Herzegovina #EBRD #international

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Intesa Sanpaolo successfully completes the acquisition of First Bank in Romania from J.C. Flowers & Co., more than doubling its presence in the country to become one of Romania’s top 10 banks; the Group has operated in the country through Intesa Sanpaolo Bank Romania since 1996. Both First Bank and Intesa Sanpaolo Bank Romania are part of the Group's International Subsidiary Banks Division, which plays a key role in Central & Eastern Europe. This expanded presence not only enhances banking services but also aims to catalyze economic development, support businesses, and offer global products and services. As Italy’s leading bank, Intesa Sanpaolo strengthens its ties with Romania, home to many key Italian firms. Its robust financial performance drives value for stakeholders and underscores the Group’s commitment to ESG, with a leading position in social impact and climate focus. #IntesaSanpaolo #FirstBank #Romania #Banking #EconomicDevelopment #ESG #Italy https://ow.ly/rlH030sCWJY

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Contagion Risk - Capo dei Capi (Risks) Phrases and old age adages are often a reflection of their time. During the Napoleonic era, the famous Prussian Diplomat Metternich coined the phrase " When France sneezes, the rest of Europe catches a cold". In world affairs now the phrase used is " When America Sneezes, the world catches cold". A mere reflection of the importance of USA economically and geopolitically. But look around with increased interconnectivity among almost all markets and economies of the world. Even a small upheaval here and there in the world , not just in the USA is sure enough to impact prices of commodities, capital and financial markets and even risk of default. Contagion risk is therefore the boss of all risks and its importance in risk management is paramount. In finance, contagion risk also known as financial contagion is the risk of any adverse or untoward incident spreading to other economies, organisations etc like a virus. The biggest example is a Bank run on any Bank, which leads to trust deficit among customers towards every bank and risk of similar events. Even the sovereign default is contagious especially in a geographical entwined area. Mitigating Contagion Risk Though every country and organisations have there own way of managing it. Here are some ways it can be done 1. Stress on following compliance measures applicable to all units of an organisation. 2. Transparent policies and procedures and it should be propagated to public to enhance trust in your organisation. 3. Reducing fiscal deficit (for economies) 4. Managing perception via proper monitoring of any adverse news especially on social media 5. Frequent stress testing of every element of Enterprise Risk Management framework, in order to make it battle ready. 6. Anticipate and be proactive in managing such risks. (AI and analytical tools can be game changer in this) We all have witnessed the disastrous impact of COVID on almost all economies, any fat tail event of extreme proportion can definitely destroy major economies and organisations especially those whose Governance, Risk and Compliance (GRC) framework is not updated or advanced for such situations. Afterall "The biggest risk an organisation can take is to do nothing and wait for Karma to unfold". #contagionrisk #riskmanagement #grc #erm #finance #banking #riskmitigation #orm #financialcontagion #financialterminology #terminology #governance #compliance #risk

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