Tagged: ubs

UBS Expands Digital Offering with “Purely” Digital Product Line, UBS key4

UBS (SWX: UBSG) is launching a “purely” digital product line, UBS key4, for clients who want “to carry out their banking transactions entirely digitally – independently and around the clock from their smartphone.” The new product line is “integrated into the long-established and popular UBS… Read More

Bitcoin Might Benefit from Emergence of “Bretton Woods III,” Research Report Claims

Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

UBS to Offer 100% Remote Work Option for Qualified US-based Professionals

UBS (SWX: UBSG) has announced the launch of its Virtual Worker Framework, which is described as a new approach to “flexible” working that will offer US workers in eligible roles with the opportunity “to work 100% remotely.” UBS will begin “a phased implementation of the… Read More

iCapital Announces High Profile Consortium to Pursue Distributed Ledger Tech for Financial Services

iCapital has announced a consortium of financial services firms to pursue distributed ledger technology, or blockchain, for the “next generation” for alternative investment ecosystem. The names of the consortium include: Apollo, BlackRock, Blackstone, BNY Mellon, Carlyle, KKR, Morgan Stanley, State Street, UBS, and WestCap, Capital states that these firms will partner with iCapital to make… Read More

$1.4B Wealthfront Purchase to Drive UBS American Presence

UBS has agreed to buy automated wealth management provide Weathfront for an all-cash price of $1.4 billion, the companies confirmed this week, In a statement, UBS said it will use the acquisition to expand its presence in the United States, including to more affluent investors…. Read More

UBS Fintech Portfolio Invests in Estate Planning Platform Trust and Will

UBS (SWX: UBSG) announced that UBS Next, the company’s $200 million strategic Fintech portfolio, has invested in US-headquartered firm Trust & Will, a digital estate planning platform. Launched in October 2020, UBS Next identifies various opportunities within the start-up ecosystem and “further enhances UBS’s technology-driven… Read More

Singaporean Digital Wealth App Endowus Raises $27M to Make Total 2021 Raise $50M

Endowus, a digital wealth app based in the Fintech hotbed of Singapore, this week announced it has raised $27 million. The new capital infusion brings its total 2021 raise to $50 million. Prosus Ventures and EDBI led the round, with contributions from Z Holdings and… Read More

Broadridge Financial Solutions Onboards UBS onto Distributed Ledger Repo or DLR Platform

Broadridge Financial Solutions, Inc. (NYSE:BR), an international Fintech operation, reveals that UBS (NYSE: UBS) has now officially joined its “transformative” distributed ledger repo (DLR) platform. Early participants of the blockchain or DLT-powered platform are being able to accelerate their digital or online journey and realizing… Read More

Institutional Trading Platform ION Markets Extends

ION Markets has announced the extension of the partnership with UBS Bond Port, connecting the former’s LatentZero buy-side clients to the latter’s Bond Port trading platform. ION Markets is a provider of trading, analytics, and risk management solutions for institutional markets,   Bond Port is now… Read More

SEC Hits UBS With $8M Fine for ETP Compliance Failures

The Securities and Exchange Commission (SEC) this week filed a settled action against UBS Financial Services related to compliance failures for sales of a volatility-linked exchange-traded product (ETP). It marks the sixth case for the agency’s ETP Initiative. The ETP was designed to track short-term… Read More

European IPO Activity Surging During Pandemic

European IPO activity has surged during the pandemic, data from BuyShares.co.uk shows.  In 2020 investors saw many IPOs along with outsized average returns, with total IPO deal value up 64 per cent to more than $300 billion, according to the Wall Street Journal and Dealogic…. Read More

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

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