UBS and Microsoft announce landmark expansion of cloud partnership

• UBS plans to have greater than 50% of its functions operating within the Microsoft Azure cloud
• Initiative will assist UBS present progressive merchandise and companies to shoppers, additional empower staff and advance sustainability objectives
• 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 /PRNewswire/ — On Thursday, UBS and Microsoft Corp. introduced a landmark expansion of their partnership to speed up UBS’s public cloud footprint over the following 5 years. Through this transformational initiative, UBS plans to have greater than 50% of its functions, together with essential workloads, operating on Microsoft Azure, now UBS’s major cloud platform. The partnership furthers UBS’s “cloud-first” technique and the modernization of its world know-how property.

Through this partnership, UBS could 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 pace at which it will probably ship and enhance upon its digital experiences for shoppers and staff. At the identical time, Azure will assist advance UBS’s sustainability initiatives, drive operational efficiencies, and  preserve its requirements for compliance and safety — offering sturdy foundations on which to scale UBS’s fee of cloud adoption.

“Our cloud strategy has fundamentally changed the way we operate, allowing us to reinvigorate our technology estate and reimagine how we build applications for our clients,” stated Mike Dargan, UBS Group chief digital and data officer. “Closely partnering and collaborating with Microsoft has and will continue to create tremendous value for our clients, our employees, the firm and our shareholders. The developments and learnings that stem from this partnership will benefit the financial services industry and beyond.”

In 2018, when UBS introduced its cloud technique, leveraging its strategic partnership with Microsoft, it deliberate to maneuver one-third of its functions to public cloud inside 4 years, however completed this objective 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 leader in the financial services industry, and Microsoft has been fortunate to co-develop innovative applications that meet complex, regulatory requirements with their engineering teams over the past several years,” stated Scott Guthrie, govt vp, Cloud + AI, Microsoft. “Our expanded partnership will continue to accelerate the organization’s ambitious digital transformation plans, applying the power of the Microsoft Cloud to equip UBS with the agility and reliability to deliver for their clients.”

In line with the agency’s sustainability objectives, UBS continues to maneuver sure know-how platform workloads from its on-premises and personal cloud servers to Azure. In some use instances, this has resulted within the vitality consumption of these workloads to be diminished by as much as 30% so far.

Together, UBS and Microsoft additionally co-developed a Carbon Aware API, an open-source answer that gives suggestions on find out how to schedule workloads that require heavy compute energy throughout occasions when clear, renewable or low-carbon sources of electrical energy are most accessible. They then offered their answer to the Green Software Foundation so it may very well be shared with giant and small corporations all over the world.

UBS and Microsoft are implementing and additional exploring methods during which synthetic intelligence and knowledge can be utilized to boost companies for shoppers and staff. For instance, in Switzerland, UBS is presently working two functions that make the most of conversational AI capabilities to answer shopper e-mail inquiries.

To assist UBS’s “cloud-first” technique and additional drive innovation, Microsoft actively introduced its Azure confidential computing companies to Switzerland. This offered UBS with a brand new performance to guard and safe knowledge sharing internally throughout all of UBS’s business divisions, whereas sustaining the financial institution’s compliance and safety requirements. As a consequence, UBS can now develop extra business insights and uncover new alternatives for innovation for its shoppers and staff.

In addition, UBS will leverage Microsoft Power Platform — together with Power Apps and Power Automate — which can present staff with the power to rapidly construct professional-grade functions, create automated workflows and join disparate knowledge sources.

UBS convenes the worldwide ecosystem for investing, the place folks and concepts are linked and alternatives dropped at life, and gives monetary recommendation and options to rich, institutional and company shoppers worldwide, in addition to to personal shoppers in Switzerland. UBS affords funding options, merchandise and impactful thought management, is the main world 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 robust aggressive place of their goal markets, are capital environment friendly and have a beautiful 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 places, with about 30% of its staff working within the Americas, 30% in Switzerland, 19% in the remaining of Europe, the Middle East and Africa and 21% in Asia Pacific. UBS Group AG employs greater than 72,000 folks all over the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (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.

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