UBS says investing for ‘sustainable long-term growth’

The company said, “We remain focused on investing into our talent, offering, and technology, including award-winning AI solutions to enhance our client experience, further strengthen our infrastructure and drive efficiency to position us for the future. We have received a final approval for a National Bank Charter in the US, supporting our long-term growth ambitions in the region. We also continue to develop innovative AI solutions that complement our offering and enable us to deliver impactful outcomes faster and incrementally, with continued progress in reshaping our business capabilities and enhancing employee productivity. We already have over 500 live use cases of AI across the bank with around 750 use cases in development and are progressing on our 9 large-scale, end-to-end transformational initiatives. Our strategic approach to applying AI at scale to support Financial Advisors through our Smart Technologies and Advanced Analytics Team was recognized by the Financial Times at the Professional Wealth Management Wealth Tech Awards, which named UBS (UBS) as the Best Wealth Management Firm for Use of AI in the US.”