Swiss bank UBS – the largest private bank in the world – has allocated about $ 1 billion for the modernization of computer equipment. The funds are aimed at harmonizing the division employed asset management platform, which is the main focus of the activities of UBS. The bank calculated by unifying reduce operating costs.

– quoted source words of the head unit.

Project One Wealth Management Platform, which aims to unify UBS computing environment, was actually launched in 2013. The bank hopes to complete it by the end of 2018.

One of the advantages of a common platform called the ease of deployment of new services. In addition, it is expected that modernization will make it possible to reach the mass segment in addition to the traditional for UBS segment of wealthy clients.

Source: to Reuters