UBS Group AG invests in Domino Data Lab, expands into new market

UBS Group AG has invested in Domino Data Lab, a company that provides a platform for data scientists and engineers to build, train, and deploy machine learning models. UBS is a Swiss-based holding company with a diversified business portfolio, including wealth management, investment banking, retail and corporate banking, asset management, and other activities. The group has USD 745.8 billion in current deposits and USD 580 billion in current loans.

UBS Group AG, a leading Swiss-based financial services provider, has recently invested in Domino Data Lab, a company specializing in providing a platform for data scientists and engineers to build, train, and deploy machine learning models. The investment underscores UBS's commitment to leveraging cutting-edge technology to enhance its financial services offerings.

UBS Group AG, with a diversified portfolio including wealth management, investment banking, retail and corporate banking, asset management, and other activities, boasts USD 745.8 billion in current deposits and USD 580 billion in current loans [NUMBER: 1]. The company's investment in Domino Data Lab signifies a strategic move to strengthen its data analytics and machine learning capabilities.

Domino Data Lab offers a collaborative platform that supports data science workflows, enabling teams to work together more efficiently. The platform's features include integrated Jupyter notebooks, version control, and secure data sharing, making it an attractive choice for financial institutions aiming to enhance their data-driven decision-making processes.

This investment aligns with UBS's broader strategy to innovate and stay competitive in the rapidly evolving financial technology landscape. By partnering with Domino Data Lab, UBS seeks to improve its machine learning model training and deployment capabilities, ultimately enhancing its ability to deliver personalized and data-driven financial services to its clients.

References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/UBS/pressreleases/34171520/rbc-capital-sticks-to-its-buy-rating-for-ubs-group-ag-ubs/