UBS has 608 AI use cases in production, 81% more than a year earlier, according to its third-quarter 2026 results. The bank said a further 1,090 or more applications are in development.
For the quarter, UBS reported net profit of US$2.7 billion and profit before tax of US$3.6 billion, up 27% year on year.
Global Wealth Management recorded net new assets of US$55.1 billion.
Sergio P. Ermotti, UBS Group CEO, said the figure included “particularly strong inflows in APAC and the Americas”.
UBS said it continues to invest in technology, including AI, to improve the client experience, strengthen its infrastructure and increase efficiency.
The bank is progressing nine large-scale, end-to-end AI initiatives.
Employees are running more than 12,700 AI personal agents, while more than 18,000 software developers use AI tools in software development.
Over the year to date, the bank’s STAAT tool has generated more than 30 million insights for distribution to financial adviser teams.
The firm reported a place in the global top 10 of the 2026 Evident AI Index for financial services, as the only European bank listed.
Featured image: Edited by Fintech News Switzerland, based on image by anastasiia_akh via Magnific.
