Olivier Bouteille, chief client officer, Amundi Technology, tells Piyasi Mitra how Alto brings Amundi’s vision to life: a future defined by open architecture, data agility and sustainability at its core.
Q: In your own words, how would you describe Alto?
Alto grew out of a need for solutions that could handle every aspect of investment and wealth management. With insight garnered from Amundi’s extensive asset management experience, we created platforms that address practical challenges across the full lifecycles of investment and distribution.
When the power and value of these systems were proven, Amundi Technology was born to share these platforms with others, making enterprise-scale capabilities available in a cloud-based, open architecture model. The focus remains on giving professionals a user-centric system that combines operational efficiency with flexibility and scale.
Q: What is the one thing Amundi Technology’s Alto system has that other asset management trading & risk ‘engines’ do not?
We designed Alto based on our own experience as an asset manager, so it solves the day-to-day challenges that traditional systems might ignore.
The key lies in how it adapts to real-world conditions instead of locking teams into a rigid structure. Our open architecture model means that we do not build everything ourselves. We focus on integration and bringing partner solutions to our platform to better respond to our clients’ needs.
Our model also ensures that the Alto platform remains ahead of the curve, with technology that can adapt in real time to market shifts and regulatory changes. For example, our dedicated innovation lab is feeding innovative methods such as machine learning and artificial intelligence into the platform.
This combination of flexibility and continuous innovation means professionals can respond more nimbly to evolving client expectations, all within one streamlined system, rather than forcing them to rebuild or purchase add-ons whenever the market shifts.
Q: How many third-party clients do you have for this?
A growing roster of 80+ clients, including global tier 1 banks, leading asset servicers, asset managers and prominent wealth managers, have turned to Amundi Technology for solutions, thanks to a steady expansion across Europe and Asia these last years.
Revenues have also climbed significantly to €80 million, +33.8% compared to 2023. This was driven by a more comprehensive offering that speaks to organisations seeking cost efficiency, regulatory alignment and adaptable infrastructure.
Q: How many third-party clients do you have for this?
A growing roster of 80+ clients, including global tier 1 banks, leading asset servicers, asset managers and prominent wealth managers, have turned to Amundi Technology for solutions, thanks to a steady expansion across Europe and Asia these last years.
Revenues have also climbed significantly to €80 million, +33.8% compared to 2023. This was driven by a more comprehensive offering that speaks to organisations seeking cost efficiency, regulatory alignment and adaptable infrastructure.
Q: How many ‘data assets under management’ does Alto now have, including your internal client, Amundi?
Alto now oversees data connected to €8 trillion in assets, a figure that includes mandates from Amundi and an expanding client base of external institutions. This level of scale highlights the platform’s capacity to handle large datasets across multiple asset classes, regions, and regulatory environments. It also underscores the trust placed in Alto to process, secure, and optimise critical data assets.
“We designed Alto based on our own experience as an asset manager, so it solves the day-to-day challenges that traditional systems might ignore.”
Q: Does Amundi Technology’s offering go beyond Alto?
Alto Investment is our front-to-middle office SaaS solution for building and managing portfolios. It covers the full lifecycle of investment from portfolio management, order management, risk and compliance, all the way to middle office and reporting.
Beyond this core solution, Amundi Technology provides complementary services such as an execution offering backed by one of Europe’s largest trading desks. That access delivers scale advantages, reduced broker rates and specialised insights through a global team of experts.
A standalone data management service also handles the aggregation and harmonisation of multiple data sources. This daily oversight relieves organisations of a time-consuming and costly burden, ensuring a single, reliable view of their data.
These combined resources—technology modules, execution capabilities, and data management—form a comprehensive ecosystem that tackles operational efficiency and expansion goals under one framework.
Alto Asset Servicing began with the carve-out of our compliance engine allowing custodians to edit their rules, run their compliance checks and analyse the breaches. And we also added risk and performance reporting.
In addition, Alto Sustainability was designed to integrate sustainability considerations into the investment process seamlessly. This product enables asset managers to assess and manage their portfolios with a focus on ESG factors.
Alto Employee Savings and Retirement was built as a scalable front-to-back employee savings and retirement platform for banking and insurance groups. Lastly, Alto Wealth & Distribution is a software that powers planning, advisory, analytics and portfolio management for private banks, wealth managers and distributors.
Q: The recent €149 million acquisition of aixigo is a big step forward. How does this fit into your broader strategy?
Aixigo brings a modular, API-based solution that enriches the Alto Wealth & Distribution offering in several ways. The platform’s flexibility has already convinced established financial institutions alike, including banks, wealth managers and intermediaries juggling legacy systems.
Aixigo’s client base covers more than 20 clients managing over one trillion euros in assets. The solution is used daily by approximately 60,000 advisors.
Aixigo’s footprint spans eight countries, with a notable presence in Germany and Switzerland, two markets that require advanced digital platforms for wealth management.
By joining forces, aixigo and Alto Wealth & Distribution offer a more holistic approach, serving the wealth management industry without overlap. The combined teams broaden their customer reach, address more use cases, and create the potential for significant revenue synergies by drawing on each other’s regional coverage and technical strengths.
Q: How are you using technology to help managers hit their sustainability targets?
Alto Sustainability equips managers with a dedicated hub for extra-financial analysis and ESG metrics, allowing every stakeholder to access consistent, transparent data in one place.
By converting raw market information into specialised ESG datasets, the platform helps organisations embed sustainability considerations into portfolio decisions rather than treating them as a separate add-on.
This integrated approach enables real-time visibility into how funds align with environmental and social goals, supports evolving regulatory requirements, and allows managers to track progress toward their sustainability targets with greater precision.
“This combination of flexibility and continuous innovation means professionals can respond more nimbly to evolving client expectations, all within one streamlined system, rather than forcing them to rebuild or purchase add-ons whenever the market shifts.”
Q: How is Amundi approaching new technologies such as AI?
It’s no secret that generative AI has presented a transformative shift in financial services, but managing sensitive data is always a top priority. Amundi Technology addressed this by developing Alto Studio, a secure environment designed to protect information while allowing teams to explore new AI capabilities.
More than 1000 Amundi employees now use it regularly, and the plan is to extend access further to our clients. AI training programs also help our teams to understand the common pitfalls, like algorithmic bias, ensuring results undergo human review and validation.
Rather than replacing human expertise, AI augments daily tasks such as document verification and customer support, with each use case anchored in measurable outcomes.
By combining a controlled rollout of emerging technologies with continuous training, Amundi Technology positions itself and its clients to harness innovative tools while safeguarding both data and trust.
