Tag "UBS"

UBS Next Participates in $20 Million Series B of Israel Compliance Tech Startup

Shield, a compliance tech platform based in Tel Aviv, announced its $20 million Series B financing round, which was led by Macquarie Capital and joined by UBS through its venture and innovation unit UBS Next, Mindset Ventures and OurCrowd. This

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UBS Chooses Regula’s Identity Verification Solutions to Automate Onboarding

UBS has partnered with Latvian identity verification company Regula to create a fully automated and 24/7 account opening process for new customers. Instead of real-time video interviews, which were previously required by UBS to verify new customers, the enrollment process

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UBS Leverages iProov’s Face Verification Technology for Bank Account Opening

UBS has partnered with London-based identity verification company iProov to offer automated identity verification during the account opening process. UBS launched the UBS key4 banking app earlier in the year to enable clients to carry out their banking transactions entirely

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Baloise and UBS Increase Their Stake in Proptech Houzy

Swiss insurtech Baloise and UBS have increased their stake in Houzy, a proptech startup which supports owners of houses and apartments with their property-related needs. Both Baloise and UBS invested in Houzy at an early stage and this announcement emphasises

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UBS Launches the World’s First Dual-Blockchain Listed Digital Bond

UBS has launched the world’s first digital bond — a CHF 375 million three-year bond with 2.33% coupon — that is publicly traded and settled on both blockchain-based and traditional exchanges. The digital bond will be dual listed at SDX

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Digital Accounting Startup Numarics to Raise Seed Funding in Q4 2022

Swiss digital accounting startup Numarics is raising a seed round in the fourth quarter of 2022 following its previous CHF 2.1 million pre-seed financing round led by Wingman Ventures in April 2022. Numarics processes accounting and business administration automation through

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UBS and Microsoft Expand Partnership Beyond Cloud Services

UBS and Microsoft announced an expansion of their partnership that will see more than 50% of UBS’ applications, including critical workloads, running on the Microsoft Azure cloud. The expanded partnership will also help advance UBS’ sustainability initiatives and see the

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Microsoft Switzerland Appoints Christian Thier as New Financial Services Industry Lead

Microsoft Switzerland has appointed Christian Thier as its new Financial Services Industry (FSI) Lead, reporting directly to the country general manager and serving as part of Microsoft’s Swiss leadership team. Christian Thier has been leading Microsoft’s FSI team in Switzerland

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SWIFT and Capgemini Successfully Interlink CBDCs for Cross-Border Payments

SWIFT and Capgemini have achieved CBDC-to-CBDC transactions between different distributed ledger technology networks based on Quorum and Corda technologies, as well as fiat-to-CBDC flows between these networks and a real-time gross settlement system. The experiment showed that the blockchain networks

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UBS Venture Unit Leads New Wealthtech US$50M Series C Funding Round

New York-based asset management platform Ethic has closed a US$50 million Series C funding round led by the Jordan Park Group, with participation from UBS’ venture unit UBS Next. The round also saw participation from existing investors including Oak HC/FT,

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