- UBS plans to have greater than 50% of its purposes working within the Microsoft Azure cloud
- Initiative will assist UBS present modern services to purchasers, additional empower workers and advance sustainability targets
- UBS and Microsoft co-develop merchandise and options to fulfill the digital wants of the financial institution and monetary companies trade
ZURICH and REDMOND, Wash. — Oct. 20, 2022 — On Thursday, UBS and Microsoft Corp. introduced a landmark enlargement of their partnership to speed up UBS’s public cloud footprint over the following 5 years. By this transformational initiative, UBS plans to have greater than 50% of its purposes, together with important workloads, working on Microsoft Azure, now UBS’s major cloud platform. The partnership furthers UBS’s “cloud-first” technique and the modernization of its international expertise property.
By this partnership, UBS can have entry to probably the most complete cloud platform, trusted by greater than 95% of Fortune 500 corporations, with a wealthy set of productiveness and collaboration instruments, enabling the agency to extend the velocity at which it could actually ship and enhance upon its digital experiences for purchasers and workers. On the identical time, Azure will assist advance UBS’s sustainability initiatives, drive operational efficiencies, and keep its requirements for compliance and safety — offering sturdy foundations on which to scale UBS’s price of cloud adoption.
“Our cloud technique has essentially modified the best way we function, permitting us to reinvigorate our expertise property and reimagine how we construct purposes for our purchasers,” mentioned Mike Dargan, UBS Group chief digital and data officer. “Carefully partnering and collaborating with Microsoft has and can proceed to create great worth for our purchasers, our workers, the agency and our shareholders. The developments and learnings that stem from this partnership will profit the monetary companies trade and past.”
In 2018, when UBS introduced its cloud technique, leveraging its strategic partnership with Microsoft, it deliberate to maneuver one-third of its purposes to public cloud inside 4 years, however completed this aim early in February 2021. Now, the partnership goes past simply consuming cloud companies to incorporate the co-development of improvements and better collaboration in areas like carbon discount.
“UBS is a forward-thinking chief within the monetary companies trade, and Microsoft has been lucky to co-develop modern purposes that meet complicated, regulatory necessities with their engineering groups over the previous a number of years,” mentioned Scott Guthrie, government vice chairman, Cloud + AI, Microsoft. “Our expanded partnership will proceed to speed up the group’s bold digital transformation plans, making use of the ability of the Microsoft Cloud to equip UBS with the agility and reliability to ship for his or her purchasers.”
Advancing digital sustainability
In step with the agency’s sustainability targets, UBS continues to maneuver sure expertise platform workloads from its on-premises and personal cloud servers to Azure. In some use instances, this has resulted within the vitality consumption of those workloads to be decreased by as much as 30% so far.
Collectively, UBS and Microsoft additionally co-developed a Carbon Conscious API, an open-source answer that gives suggestions on the right way to schedule workloads that require heavy compute energy throughout instances when clear, renewable or low-carbon sources of electrical energy are most out there. They then supplied their answer to the Inexperienced Software program Basis so it could possibly be shared with massive and small corporations around the globe.
Enhancing consumer and worker experiences with synthetic intelligence
UBS and Microsoft are implementing and additional exploring methods during which synthetic intelligence and information can be utilized to boost companies for purchasers and workers. For instance, in Switzerland, UBS is presently working two purposes that make the most of conversational AI capabilities to answer consumer e-mail inquiries.
Unleashing innovation and driving better enterprise insights on a trusted platform
To help UBS’s “cloud-first” technique and additional drive innovation, Microsoft actively introduced its Azure confidential computing companies to Switzerland. This supplied UBS with a brand new performance to guard and safe information sharing internally throughout all of UBS’s enterprise divisions, whereas sustaining the financial institution’s compliance and safety requirements. Because of this, UBS can now develop extra enterprise insights and uncover new alternatives for innovation for its purchasers and workers.
As well as, UBS will leverage Microsoft Energy Platform — together with Energy Apps and Energy Automate — which is able to present workers with the power to shortly construct professional-grade purposes, create automated workflows and join disparate information sources.
UBS convenes the worldwide ecosystem for investing, the place folks and concepts are linked and alternatives delivered to life, and gives monetary recommendation and options to rich, institutional and company purchasers worldwide, in addition to to personal purchasers in Switzerland. UBS provides funding options, merchandise and impactful thought management, is the main international wealth supervisor, gives large-scale and diversified asset administration, targeted funding banking capabilities, and private and company banking companies in Switzerland. The agency focuses on companies which have a powerful aggressive place of their goal markets, are capital environment friendly and have a gorgeous long-term structural development or profitability outlook.
UBS is current in all main monetary facilities worldwide. It has places of work in additional than 50 areas and areas, with about 30% of its workers working within the Americas, 30% in Switzerland, 19% in the remainder of Europe, the Center East and Africa and 21% in Asia Pacific. UBS Group AG employs greater than 72,000 folks around the globe. Its shares are listed on the SIX Swiss Change and the New York Inventory Change (NYSE).
Microsoft (Nasdaq “MSFT” @microsoft) permits digital transformation for the period of an clever cloud and an clever edge. Its mission is to empower each individual and each group on the planet to attain extra.
For extra data, press solely:
Microsoft Media Relations, WE Communications for Microsoft, (425) 638- 7777, [email protected]
UBS Media Relations, Erica Chase, (212) 713-1302, [email protected]
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