Palantir Renews Digital Transformation Partnership with UniCredit for Another Five Years
13 Dezembro 2023 - 8:59AM
Business Wire
Palantir Technologies Inc. (NYSE: PLTR), a leading provider of
AI systems, today announced it had renewed its partnership with
UniCredit S.p.A to deploy the Palantir Foundry operating system to
accelerate the bank’s digital transformation and help increase
revenue and mitigate risks.
Palantir and UniCredit first partnered in 2018 as the bank
sought technology that could streamline sales spanning
jurisdictions, better operationalize machine learning and
artificial intelligence, enforce policy compliance, and enhance
decision making on the front lines. The bank chose Palantir Foundry
as the operating system for the enterprise, leveraging a single,
open and integrated platform across entities and business lines and
enabling synergies across the Group.
Palantir Foundry has recently been extended to all CE&EE
UniCredit Legal Entities and will now be used to manage strategic
use cases all over the Group.
In the last 5 years, Palantir Foundry has generated considerable
value for both UniCredit’s control functions and its commercial
banking operations, driving process efficiencies and improving
campaign management. For example, UniCredit noted that over the
course of 2023, advanced analytics and propensity models in Foundry
helped the bank generate a four-fold increase in customer
redemption of protection products through better targeting.
“Palantir has long been a proud partner to some of the world’s
top financial institutions,” said Palantir executive Josh Harris.
“We’re honored that UniCredit has placed its confidence in Palantir
once again and look forward to furthering the bank’s digital
transformation.”
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional
information is available at https://www.palantir.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements may relate to, but are not limited to,
Palantir’s expectations regarding the amount and terms of the
contract and the expected benefits of our software platforms.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.
Forward-looking statements are based on information available at
the time those statements are made and were based on current
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as of that time with respect to future events. These statements are
subject to risks and uncertainties, many of which involve factors
or circumstances that are beyond our control. These risks and
uncertainties include our ability to meet the unique needs of our
customer; the failure of our platforms to satisfy our customer or
perform as desired; the frequency or severity of any software and
implementation errors; our platforms’ reliability; and our
customer’s ability to modify or terminate the contract. Additional
information regarding these and other risks and uncertainties is
included in the filings we make with the Securities and Exchange
Commission from time to time. Except as required by law, we do not
undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20231212648086/en/
Lisa Gordon media@palantir.com
Palantir Technologies (NYSE:PLTR)
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