Tagged: ubs

February 22, 2019 @ 12:09 pm By Cali Haan  |  

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

November 4, 2018 @ 7:28 pm By Leyla Mammadova  |  

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

August 6, 2018 @ 9:13 pm By Cali Haan  |  

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

February 15, 2018 @ 3:00 pm By Samantha Hurst  |  

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

February 18, 2017 @ 8:29 pm By JD Alois  |  

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

August 25, 2016 @ 12:44 pm By Erin Hobey  |  

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

February 9, 2016 @ 6:06 am By Erin Hobey  |  

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

December 12, 2015 @ 10:15 am By JD Alois  |  

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

November 6, 2015 @ 11:55 am By Erin Hobey  |  

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

August 14, 2015 @ 9:46 am By Erin Hobey  |  

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

April 2, 2015 @ 10:04 am By Erin Hobey  |  

CAN Capital, a player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan Stanley, Barclays, UBS, J.P. Morgan, SunTrust Bank and First… Read More

April 2, 2015 @ 9:17 am By Erin Hobey  |  

Seeking to go to the source, UBS will open a fintech innovation lab at the Level39 accelerator space in London’s Canary Wharf, according to TechWorld’s Sam Shead.  The global wealth manager hopes that the lab, set up by a UBS team of fintech specialists, will aid its understanding… Read More