American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner
Swisscard was founded in 1998 as a joint venture between Amex and Credit Suisse.
UBS
UBS taps Broadridge for sponsored repo solution
The bank is to integrate its newly-digitised trade flows into its DLR tech stack on Broadridge’s platform.
UBS to pay $388m in fines relating to Credit Suisse’s doomed dealings with Archegos
The US Federal Reserve has fined Credit Suisse $269 million, with the UK’s PRA issuing a further $119 million fine.
FinTech Futures: Top five stories of the week – 12 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech Futures: Top five stories of the week – 31 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech Futures: Top five stories of the week – 24 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UBS strengthens cloud partnership with Microsoft
The bank intends to host more than 50% of its applications on Microsoft Azure.
FinTech Futures: Top five stories of the week – 9 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UBS, Wealthfront nix $1.4bn acquisition deal
Wealthfront CEO David Fortunato says the pair are “continuing to explore ways to work together”.
FinTech Futures: Top five stories of the week – 26 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Alternative investment fintech iCapital to acquire UBS Fund Advisor
The deal includes the AlphaKeys Funds platform, which represents more than $7 billion in client assets.
Video: fintech news pick of the week – UBS, Katana Labs and Walmart
Our top pick of news from the world of finance and tech in bitesize video format, every week.
UBS agrees $1.4bn deal to acquire wealth management platform Wealthfront
Millennial and Gen Z-focused Wealthfront caters to “the next generation of investors”.
Morgan Stanley poaches UBS managing director Gerson
Gerson joins after two and a half years at the Swiss investment bank.
UBS pays $8m to settle SEC compliance charges
US regulator found failings in the bank’s handling of exchange-traded products.
Blockchain firm ConSensys raises $65m from major banks
ConSensys raises cash following company restructure.
Banking Tech Awards 2020 Winner: UBS – Best Use of Cloud
How UBS’s innovative hub helped 60,000 work remotely with virtually no downtime during the pandemic.
“Operational efficiency” report ranks US commercial banks
Charles Schwab Premier Bank and Bank of America California scored highly.
2019’s largest regulatory fines
The biggest charges levied by regulators this year, summarised for you.
Finra slaps UBS with $2m fine for short position failures
Self-regulatory body calls out the bank’s repeated failures.
Barclays, RBS and other banks face £1bn forex rigging lawsuit
JP Morgan, Citigroup and UBS also named in US-style class action.
ING joins project to create blockchain-based USC
The utility settlement coin will reduce exchange rate risks.
Major banks pledge $50m to develop digital cash settlement system
The names of the banks have not been disclosed.
Five banks fined €1bn for rigging foreign exchange market
UBS escaped a European Commission penalty after exposing the cartels.
UBS ferociously fights DoJ fraud claims
Swiss bank says the claims aren’t supported by law.
UBS Wealth Management USA in wealthtech revamp with Broadridge
UBS Wealth Management USA to be “the anchor client” on Broadridge’s new wealthtech platform.
UBS to sell robo-advisor SmartWealth to SigFig
Swiss bank already has an equity stake in SigFig.
First pilot client transactions executed on Batavia trade finance platform
IBM and big banks’ blockchain initiative makes progress.
UBS seeks global finance and risk tech CTO
UBS is looking for a chief technology officer (CTO) for finance and risk technology.
UBS turns to fundinfo for fund data procurement
Private banking giant UBS and its fund platform Fondcenter have commissioned fundinfo to procure and source fund data from fund providers and asset managers.
IBM teams with big banks for blockchain-powered trade finance platform
Tech giant IBM has partnered with five banks – UBS, Bank of Montreal, CaixaBank, Commerzbank and Erste Group – to launch a blockchain-based trade finance platform. The new platform, called Batavia, is built to be accessed by organisations of all sizes anywhere in the world.
Six new banks join UBS-led utility settlement coin plan
The UBS-led effort to create a digital cash model for payments and settlement on blockchain has got six new banks onboard, according to the Financial Times. As Banking Technology reported in August last year, BNY Mellon, Deutsche Bank, ICAP and Santander joined UBS and Clearmatics to advance their utility settlement coin (USC) concept, and plan […]
StatPro to acquire risk and performance analytics business from UBS
UBS is selling its risk and performance analytics service, UBS Delta, to StatPro Group, a provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry.
R3, HQLAX and five banks build collateral lending solution on blockchain
Distributed ledger technology (DLT) consortium R3, together with five of its members and financial resource management specialist HQLAX have built a collateral lending solution for liquidity transfers. The solution is based on R3’s flagship platform, Corda, and is “an operating model for a digital collateral receipt (DCR) lending marketplace”.
Top fintech stories this week – 10 March 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
UBS extends agreement with EPAM Systems worth $300m
The world’s largest wealth manager UBS has extended its long-standing agreement with EPAM Systems, a provider of product development and software engineering solutions. The agreement – worth over $300 million – “supports the bank’s strategic cost reduction programme”, according to EPAM.
This isn’t the end of the advisor: why tech won’t cut out the middle man
Who do you trust with your money? Well, if the latest talk in personal finance is anything to go by, we’ll soon be placing our trust in an altogether less warm-blooded beast. Move over mankind: the robots are coming. But not so fast!
UBS goes for AI face off
UBS is testing out artificial intelligence (AI) to see if it can assist clients in how best to invest their money – just by looking at their facial expressions. UBS chief investment officer Mark Haefele says the Swiss bank is running several pilot programmes – with one tool able to interpret clients’ facial expressions while […]
Famous five unsettle Bitcoin with utility settlement coin
BNY Mellon, Deutsche Bank, ICAP and Santander have joined UBS and Clearmatics to advance their utility settlement coin (USC) concept, and plan tests in a real-market environment. USC is a digital cash model for payments and settlement. It will run on blockchain and be another rival to Bitcoin. The group plan to build on the […]
UBS invests in digital tech firm SigFig, develops new platform for advisors
UBS Wealth Management Americas (WMA) and tech company SigFig has formed a “strategic alliance” to develop digital technology for UBS WMA, its financial advisors and their clients. San Francisco-based SigFig specialises in wealth management software. It will create and customise digital tools and services for UBS WMA’s 7,000 advisors. UBS WMA’s remit is domestic US and […]
