Tag: UniCredit

Italy’s Largest Bank Announces 14,000 Job Cuts To Stay Afloat

The banking sector is under severe pressure from all sides,  and coming up with the necessary solutions proves to be challenging. To make matters worse for Italy’s largest bank, they are forced to let go 14,000 of their employees. Additionally, they will need to raise 13 billion Euros to get rid of their bad debt–not a happy Christmas for a lot of employees, that much is certain. UniCredit Cuts Workforce …
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UniCredit Blockchain Report Urges Banks to Collaborate with Fintech Companies

Italian financial giant UniCredit has released a detailed technical report on the applications of blockchains in the financial industry. The report, Blockchain Technology and Applications from a Financial Perspective, was authored by Matteo Biella, Analyst and Risk Manager at UniCredit, and UniCredit IT Business Analyst Vittorio Zinetti. The authors explain that blockchain tech can be integrated into the existing legacy financial systems, and that financial institutions can create their own …
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