UBS Group Expands in Data Science with Domino Data Lab Investment

UBS Group has taken a board role in Domino Data Lab as part of a new investment. The Swiss bank operates in four areas: wealth management, investment banking, retail and corporate banking, and asset management. It had USD 745.8 billion in current deposits and USD 580 billion in current loans at the end of 2024. The investment is a strategic move to expand UBS's presence in the data science and machine learning sector.

UBS Group AG has taken a significant step in its digital transformation journey by investing in and assuming a board role at Domino Data Lab. This strategic move underscores UBS's commitment to leveraging cutting-edge technology to enhance its financial services offerings, particularly in the areas of wealth management, investment banking, retail and corporate banking, and asset management. With USD 745.8 billion in current deposits and USD 580 billion in current loans at the end of 2024, the Swiss bank is positioning itself to stay ahead in the rapidly evolving financial technology landscape [2].

The investment in Domino Data Lab, a leading provider of an Enterprise AI platform, aligns with UBS's broader strategy to innovate and stay competitive. Domino's platform supports data scientists and engineers in building, training, and deploying machine learning models, providing features such as integrated Jupyter notebooks, version control, and secure data sharing [2]. This investment will enable UBS 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.

The partnership with Domino Data Lab builds on UBS's existing collaboration with RiskLab, a platform for AI model development and validation built within the UBS environment using Domino's product [1]. The new partnership aims to streamline AI model development and deployment across the bank, driving efficiency and innovation while ensuring robust governance and risk management [1].

The investment in Domino Data Lab is part of UBS's broader AI strategy, which aims to embed a risk-based approach to model development. This approach is crucial in an industry where AI adoption is accelerating the pace of innovation, and where financial institutions must meet escalating customer expectations while complying with regulatory requirements [1].

By strengthening its presence in the data science and machine learning sector, UBS is positioning itself to benefit from the significant economic impact and market growth projected for Generative AI. According to a Custom Market Insights report, the global Generative AI market is expected to grow from USD 20.28 billion in 2024 to USD 189.65 billion by 2033, representing a 28.2% CAGR [3]. Furthermore, open-source AI platforms like OpenAI's ChatGPT have demonstrated rapid adoption, reaching 100 million users within two months of launch [3].

The expanded UBS-Domino collaboration is expected to help UBS stay at the forefront of AI adoption in the financial services industry. By leveraging Domino's platform, UBS teams will be able to build and deploy advanced models faster and with greater confidence, ensuring that AI-driven solutions meet the demands of its clients.

References:
[1] https://www.prnewswire.com/news-releases/ubs-invests-in-domino-data-lab-deepening-strategic-partnership-to-drive-next-wave-of-enterprise-ai-innovation-302534775.html
[2] https://www.ainvest.com/news/ubs-group-ag-invests-domino-data-lab-expands-market-2508/
[3] https://www.missioncloud.com/blog/ai-statistics-2025-key-market-data-and-trends