Tag "UBS"
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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UBS Invests in Tech Unicorn Bigpanda
UBS announced it has invested in BigPanda, a leading artificial intelligence IT operations (AIOps) platform, through UBS Next, the firm’s strategic venture and innovation unit. As clients increasingly seek more digital services and business becomes more data driven, UBS is
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UBS Acquires Digital Wealth Manager Wealthfront for 1.4 Billion USD
Today, UBS and Wealthfront, an automated wealth management provider, signed an agreement whereby UBS would acquire Wealthfront in an all-cash transaction valued at $1.4 billion. With over $27 billion in assets under management and more than 470,000 clients in the
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UBS Becomes First Swiss Bank to Launch Digital Gold Trading
Investment bank UBS has become the first Swiss bank to roll out a digital gold trading solution for local customers on its mobile banking app. The trading solution will be made available for amounts as low as US$5, Reuters reported.
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Spend Management Firm Yokoy Partners With UBS Switzerland
Swiss spend management specialist Yokoy Group announced that it has entered into a partnership with UBS Switzerland. Yokoy said that this partnership will open up new possibilities in the area of spend management for all of UBS’ clients in the
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