Tagged: ubs

ConsenSys Secures $65 Million Through Latest Investment Round From JP Morgan, Mastercard, & UBS

  ConsenSys announced on Tuesday it raised $65 million through its latest investment round. The blockchain company reported that J.P. Morgan, Mastercard, and UBS invested alongside blockchain companies, including Protocol Labs, the Maker Foundation, Fenbushi, The LAO, and Alameda Research. Additional investors include CMT Digital, Greater… Read More

Banks and Fintech Firms Must Work Cooperatively to Address Critical Issues like Cybersecurity, UBS CEO Recommends

Ralph Hamers, CEO at UBS Group AG (SWX: UBSG), a Swiss multinational investment bank and financial services company based in Switzerland with around $1 trillion in assets, has noted that innovation and collaboration haven’t really been the norm for many traditional financial institutions. Hamers, whose… Read More

Big Money: UBS “My Way” Platform Seeks to Cater to Wealthy Clients with Digital Services, Meanwhile Fintech is on the List of the Next Big Thing

This past week it was reported that UBS is looking to beef up its wealthy client business with its new “My Way” platform that is currently catering to customers in Switzerland with other European countries forthcoming as well as Asia.  According to Reuters, the wealth… Read More

National University of Singapore to Support Local Fintech Professionals and Application Developers via NUS-FintechSG Initiative

  The National University of Singapore (NUS), a research-focused academic institution that’s consistently ranked among the world’s top universities, is planning to support the city-state’s next generation of Fintech professionals and full-stack application developers. Introduced in July 2020, the NUS-FintechSG initiative, which is being offered… Read More

Big Data Predictive Algorithm from Swiss Financial Giant UBS to Determine Probability that a Company is a Target of Activist Investors

Switzerland-based UBS Group AG (UBSG:SW), a multinational investment bank and financial services company co-headquartered in Basel and Zürich and Basel with nearly $1 trillion in total assets, has launched a new Big Data software tool that can predict and quantify the probability of a company… Read More

Cloud-enabled Voice Trading Fintech Cloud9 Raises $17.5 Million led by UBS

Cloud9 Technologies has closed on a $17.5 million Series B funding round led by global bank UBS, with participation from existing investors including JPMorgan and Barclays. Cloud9 has developed a product that uses the “voice communication talk path” for the “trading floor of the future.”… Read More

Swiss Financial Giant UBS Group AG Is Reportedly Planning to Invest Hundreds of Millions of Dollars into Fintech VC Fund

UBS Group AG (SWX: UBSG), a Swiss multinational investment bank and financial services company based in Switzerland with around $1 trillion in assets, is planning to invest hundreds of millions of dollars of its own funds into various Fintech firms. As reported by Bloomberg (which… Read More

U.S. Neobank Aspiration Secures $135 Million Through Series C Investment Round

Aspiration, a U.S.-based neobanking group, announced on Friday it secured $135 million through its Series C funding round, which was led by Alpha Edison with participation from Swiss investment bank UBS. Founded in 2013, Aspiration stated it was born to be the financial firm for… Read More

Digital Banking: Swiss Financial Giant UBS has Applied for a Virtual Bank License in Mainland China

Switzerland-based UBS Group AG (SWX: UBSG), a global investment bank and financial services firm with around $1 trillion in assets, recently confirmed that it is planning to launch a digital banking platform that would reduce operational costs and stimulate growth. However, UBS said its plan… Read More

Fintech Revenues Projected to Increase from $150 Billion in 2018 to $500 Billion in 2030: Report

Revenues from Fintech are expected to increase from $150 billion in 2018 to $500 billion by 2030 at an average annual growth rate that’s about 3x faster than the larger financial industry’s projected revenue growth, according to a recent report from UBS. The report notes… Read More

France Fines UBS, Switzerland’s Largest Bank, $5.1 Billion for Aiding Tax Evasion

UBS, Switzerland’s largest bank, was fined 4.5 billion Euros ($5.1 billion USD) Wednesday for “aggravated money-laundering of the proceeds of tax fraud” as well as “illegal bank soliciting” for its alleged role in helping wealthy French citizens avoid taxes, Associated Press reports. Five former UBS… Read More

Blockchain Lead Pete Stephens Leaves UBS to Join Fintech Startup

Pete Stephens, head of the UBS blockchain team, has left to join a Fintech startup, reports the Financial News. He became Chief Information Officer and Head of  Europe, the Middle East and African team at DrumG Technologies according to his LinkedIn profile. Before joining the startup,… Read More

Bitcoin Will Need to Be Worth $213 000 Before it Can Function As Money, Says Swiss Bank UBS

Proponents like Twitter and Square CEO Jack Dorsey, Apple Co-Founder Steve Wozniak and former Wall Street analyst Tone Vays envision a world united by single digital currency: Bitcoin. But a new report from UBS, Switzerlands’s largest banking conglomerate, suggests that Bitcoin has a long way… Read More

Funding London, UBS, & CAN Invest in Change Please Fund to Support London’s Homeless

Funding London, the Mayor of London’s SME investment organization, announced on Thursday it has invested in Change Please, which is described as a social enterprise which helps lift people out of homelessness by providing coffee vans, barista training, and accommodation. The investment has been through… Read More

Regtech Firm Qumram Receives Recognition as Most Innovative Fintech by Swiss Bankers

Regtech firm Qumram, has received a nice recognition at the 4th Annual WealthBriefing Swiss Awards 2017. Quumrm, a Fintech firm that provides digital compliance and risk management solutions, has been recognized as the “Most Innovative Fintech” by the Swiss private banking and wealth management community. Stephen… Read More

Digital Cash: UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon Align to Test Blockchain in “Real-Market”

UBS and Clearmatics have  joined with BNY Mellon, Deutsche Bank, Icap and Santander to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology, according to a statement. “Digital cash is a core component of a future financial market fabric… Read More

EY & Swiss Finance + Technology Association Release New Report: Swiss Role in Fintech

Switzerland’s potential as a European fintech hub is being damaged by lack of Government and bank support and a shortage of investment capital, according to a new report by Ernst & Young and Swiss Finance + Technology Association. Despite the advantages incurred by the country’s skilled… Read More

UBS Recognizes Fintech Firms in Global Future Finance Challenge

UBS has recognized several Fintech firms as part of the UBS Future of Finance Challenge. Winners included Richmond based WealthForge an investment crowdfunding service provider. The competition was global with over 600 participants from 52 different countries. The initiative by UBS is designed to uncover… Read More

UBS Announces London “Future of Fintech” Winners: Artificial Intelligence, Cryptography and Biometrics Trump

Artificial intelligence, cryptography and biometrics were the winning fintechnologies at the London-region final of UBS’s Future of Finance Challenge, a start-up competition aimed at helping the bank source innovative fintech solutions, reported Financial News‘ Anna Irrena.  The competition is open to international entrepreneurs and startups with… Read More

UBS Launches Future of Finance Challenge, Engages Fintech Entrepreneurs and Bitcoin Startups

UBS has shown an increased interest in fintech developments, creating an innovations lab to explore potential applications of bitcoin and the blockchain technology, according to NewsBTC’s Sarah Jenn. Swiss global financial services company based in Zurich recently announced the launch of the Future of Finance Challenge, which is… Read More

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