UBS is among the Top 10 FinTech banks according to Financial News which published an animation summarizing the Banking Fintech Stars’ initiatives.
The company launched a Competition called “The UBS Future of Finance Challenge“, in search for startups that can help it improve 4 key areas:
(1) Client Experience
(2) Products
(3) Efficiency
(4) Security
UBS says it is
Looking for innovative and potentially disruptive technological ideas and solutions that will support the transformation of the banking industry.
With a top prize of US$50,000, winners will share over US$300,000 in prizes & support. The company will offer finalists over 300 hours of coaching and mentoring and the opportunity to test and develop their ideas and technologies with help from UBS’s global panel of experts and partners in one of their innovation centers.
But why is UBS doing all this? CIO Bussmann stated in an email statement: “Digital disruption is driving an unprecedented transformation of our industry and radical new technologies present a unique opportunity for a step-change to our client offerings.”
Regional and Global Finals to follow.
Original Source: Business Insider and Pubrecord.org
