UBS Next Empowers Innovation and Digital Growth

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Posted Nov 16, 2024

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Moody shot of a neon bar sign reading 'My Favourite Drink is the Next One'.
Credit: pexels.com, Moody shot of a neon bar sign reading 'My Favourite Drink is the Next One'.

UBS Next is a strategic unit that empowers innovation and digital growth within the UBS Group. It focuses on developing and scaling new businesses, products, and services.

The unit leverages cutting-edge technologies like artificial intelligence, cloud computing, and blockchain to drive innovation. This allows UBS to stay ahead of the curve and meet the evolving needs of its clients.

By fostering a culture of experimentation and collaboration, UBS Next encourages its employees to think creatively and push boundaries. This approach has led to the development of innovative solutions that improve client experiences and drive business growth.

Through UBS Next, the bank is able to rapidly experiment, validate, and scale new ideas, reducing the time-to-market for new products and services.

Curious to learn more? Check out: Ubs Mini B

UBS Next: Key Developments

UBS Next is a digital investment platform that allows clients to invest in a range of assets, including stocks, bonds, and exchange-traded funds (ETFs). UBS Next offers a user-friendly interface and real-time market data to help clients make informed investment decisions.

Credit: youtube.com, UBS Next - UBS Philanthropy

The platform offers a variety of investment portfolios, each with a unique investment strategy and risk level. UBS Next's investment portfolios cater to different risk appetites and investment goals.

UBS Next's digital investment platform is designed to be accessible and user-friendly, with a mobile app and web interface that allow clients to manage their investments on the go. The platform offers real-time market data and news to help clients stay informed.

UBS Next's investment portfolios are managed by a team of experienced investment professionals who use a range of investment strategies to achieve their goals. The investment portfolios are regularly reviewed and adjusted to ensure they remain aligned with client goals and risk tolerance.

UBS Next's digital investment platform is designed to be cost-effective, with low fees and no minimum balance requirements. This makes it accessible to a wide range of investors, from beginners to experienced investors.

Innovation and Technology

At UBS, innovation and technology are key drivers of growth and progress. The bank is constantly exploring new ways to improve its services and stay ahead of the curve.

Credit: youtube.com, Dean Bryen, CTO of Cloud UBS maintaining innovation with new technologies | Episode 31

The Swiss National Bank has partnered with UBS and other banks to pilot a wholesale digital currency. This collaboration aims to revolutionize the way we think about money and financial transactions.

Enhancing and continuously improving core banking and digital platform estates is a top priority for UBS. This commitment to improvement is evident in the bank's platform enhancements.

UBS has appointed Mike Dargan as Group Chief Operations & Technology Officer, a move that will undoubtedly bring fresh perspectives and expertise to the table.

Check this out: What Bank Is Ubs

AI and Digital Transformation

We're accelerating our adoption of AI across the firm, which is a key part of our digital transformation journey.

Our Group CEO, Sergio P. Ermotti, has shared his thoughts on the increasing importance of AI, highlighting its potential to drive growth and innovation.

We're committed to embracing this technology to stay ahead of the curve and deliver better outcomes for our clients.

By accelerating our adoption of AI, we're not only improving our operations but also enhancing the overall client experience.

Discover more: Ubs Ai

Empowering the Future

Credit: youtube.com, SI Week: Future outlook | UBS Trending

At UBS Next, we're committed to empowering the future of our clients and the world at large. We're proud to partner with organizations like the Geneva Science and Diplomacy Anticipator Foundation to launch the Open Quantum Institute, which aims to boost quantum computing and support Switzerland's excellence in higher education.

We're not just talking about the future of technology, but also the future of our clients' wealth and legacy. That's why we're dedicated to helping the Next Generation develop the skills they need to succeed. We offer global education programs, industry insights, peer exchange, and support and advice for all stages of their businesses.

Here are some of the ways we're helping the Next Generation build their skills:

  • Global education programs
  • Industry Insights: expert advice, current business trends, business sentiment insights from peers
  • Peer exchange
  • Support and advice for all stages of their businesses

Engineering the Future

Engineering the Future is all about collaboration and innovation. UBS has partnered with the Geneva Science and Diplomacy Anticipator Foundation to launch the Open Quantum Institute.

This institute aims to boost quantum computing and support Switzerland's commitment to excellence in higher education. UBS is providing multi-year support as the lead partner, including strategic expertise.

Next Generation Mindset

Credit: youtube.com, The Challenge with Gen Z | Simon Sinek

The Next Generation mindset is all about challenging the status quo and using wealth as a resource to drive positive change. They're a group of entrepreneurs, investors, and future business leaders who are shaping the future.

They're not just focused on accumulating wealth, but on using it to make a difference. As Benjamin Cavalli, Head of Global Wealth Management Strategic Clients, puts it, they're "challenging the status quo."

To prepare for their future roles, the Next Generation needs to develop certain skills. We help them build these skills through education and training.

Our programs cover financial literacy, leadership skills, and family communication and governance topics. We also provide access to industry insights, expert advice, and peer exchange opportunities.

Here are some of the ways we support the Next Generation:

  • Global education programs
  • Industry Insights: expert advice, current business trends, business sentiment insights from peers
  • Peer exchange
  • Support and advice for all stages of their businesses

Expert Insights and Advice

At UBS Next, they offer expert insights and advice in the areas of next generation advisory, succession and legacy planning, wealth planning, family governance advisory, strategic philanthropy, and family office setup, review and governance.

Credit: youtube.com, Markets Insight: UBS Says Fed Cuts, Soft Landing Mean Good Year for Stocks

Their advisory services help families navigate complex financial decisions and create a lasting legacy.

For instance, their next generation advisory helps young adults transition into leadership roles and take control of their family's wealth.

A family governance advisory can also help families establish clear decision-making processes and ensure that their wealth is being used for the greater good.

Strategic philanthropy is another area of expertise, where UBS Next helps families create a giving strategy that aligns with their values and goals.

Here are some specific areas where UBS Next can provide guidance:

  • Next Generation Advisory
  • Succession and Legacy Planning
  • Wealth Planning
  • Family Governance Advisory
  • Strategic Philanthropy
  • Family Office Setup, Review and Governance

Frequently Asked Questions

What is being built next to UBS?

A retail/entertainment village is being built next to the UBS Arena, offering a unique shopping and dining experience.

What does UBS stand for?

UBS is no longer considered an acronym, but its name originated from the Union Bank of Switzerland. The "UBS" name now stands as a standalone brand identity.

Is UBS financially strong?

Yes, UBS has a high-quality loan portfolio of USD 616bn, with 92% of loans collateralized, indicating strong financial stability. Our financial strength is backed by top credit ratings from major agencies.

Sources

  1. UBS-Credit Suisse merger: What's next? (globalbusinessoutlook.com)
  2. Reuters (reuters.com)
  3. Gist Impact (gistimpact.com)
  4. Synthesized (synthesized.io)
  5. Fintechnews (fintechnews.ch)
  6. Finextra (finextra.com)
  7. Wallstreet Journal (wsj.com)
  8. ThinkAdvisor (thinkadvisor.com)
  9. Reuters (reuters.com)
  10. Bloomberg (bloomberg.com)
  11. UBS Next | UBS Global (ubs.com)
  12. Next Gen | UBS Global (ubs.com)
  13. Post to Telegram (t.me)
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Eric Hintz

Lead Assigning Editor

Eric Hintz is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With a background in journalism, Eric has honed his skills in selecting and assigning compelling articles that captivate readers. As a seasoned editor, Eric has a proven track record of identifying emerging trends and topics, including the inner workings of major financial institutions, such as "Banking Headquarters".