UBS

News and Notes – Fintech

ASX, CHESS, DLT, GBST, post-trade, UBS

UBS in Australia has extended its partnership with global financial technology provider GBST to add its post-trade automation platform, Syn~. The number-one broker in Australia by volume and value, UBS…

European banks transact on DLT-based seclending platform

December 3, 2019

Commerzbank, Credit Suisse, Deutsche Borse, DLT, HQLAx, Securities Lending, UBS

Deutsche Börse and HQLAᵡ successfully launched their jointly developed Distributed Ledger Technology (DLT) solution for frictionless collateral swaps in the securities lending market. The live transactions were executed by Commerzbank,…

Blockchain Week: enterprise adoption is in the “age of consortia”

September 16, 2019

Blockchain

blockchain, crypto regulations, CSDs, DLT, Enterprise Ethereum Alliance, Fnality, ISITC, J.P. Morgan, topstory, UBS, utility settlement coin

When it comes to blockchain for enterprises, adoption is moving forward via consortium but is hitting a wall without regulations, said speakers at a recent Blockchain Week conference event in…

What quantum full-stack means for financial services (Premium)

August 7, 2019

Technology

Commonwealth Bank of Australia, Quantum Computing, QxBranch, Rigetti, topstory, UBS

Last month, Rigetti Computing, a quantum computing hardware firm with a “full-stack” strategy, acquired QxBranch, a quantum computing and data analytics software startup. The acquisition is expected to expand on…

Fintech weekly deals and partnerships round-up

May 21, 2019

News and Notes – Fintech

blockchain, Clearing, Commonwealth Bank of Australia, DLT, Fnality, JSE, Nasdaq, settlement tokens, UBS, utility settlement coin, World Bank

ABN AMRO, ING, OCBC and Macquarie among banks launching digital blockchain platform Together with top commodity industry players and financial institutions, ABN AMRO is exploring the options to launch Forcefield,…

UBS: big bank blockchain exposes competitive tech gap

April 9, 2019

Blockchain, Technology

banks, blockchain, UBS, UBS Evidence Lab

A recent UBS Evidence Lab survey found a predictably yawning gap between big and small banks: larger banks are getting a competitive advantage from emerging tech, are more likely to…

UBS survey: analysis of US bank tech spend finds growing gap

April 2, 2019

News and Notes, News and Notes – Fintech

artificial intelligence, blockchain, cybersecurity, UBS

In late 2018 through early 2019, UBS Evidence Lab conducted phone interviews with 203 IT managers from 175 banks of varying sizes. Survey participants were asked about their technology strategies…

How much influence do fintechs have in the future direction of finance? (Premium)

December 11, 2018

Big Data, Technology

banks, fintech, Fintech Mundi, Gershon, UBS

How the fundamental functions of finance work are changing and fintech is not just a driver of that change, but also the future of solutions, said Nobel Laureate and co-originator…

Crypto investment means different things for buy- and sell-sides

November 30, 2018

Blockchain, Technology

cryptocurrencies, SIX, Switzerland, UBS

There was a slew of crypto announcements this week that will give institutional investors pause for thought. Some of these seem like trial balloons since the news is coming out…

Major global banks look to digital currency to speed cross-currency settlement

September 13, 2017

Richard Stinchfield

Blockchain, ECB, Federal Reserve, Fintech, Market infrastructure, Operations, Settlements, Technology

Barclays, blockchain, CIBC, Credit Suisse, FX, HSBC, MUFG, State Street, UBS, utility settlement coin

Late in 2015, UBS announced it was working on a blockchain-based digital currency for capital markets, called the utility settlement coin (USC). The USC would be used to facilitate settlement…

UBS analysts speculate on a LSEG takeover of Euroclear

September 1, 2017

Euroclear, LSEG, UBS

LONDON, Aug 31 (Reuters) – A London Stock Exchange Group takeover of “hidden jewel” Euroclear would make financial sense and give rival Deutsche Boerse a run for its money, UBS…

UBS teams up with Clearstream and Citi for innovative T2S strategic solution

November 16, 2016

Citi, Clearstream, T2S, UBS

Innovative model combines best of Central Securities Depository (CSD) and agent bank services Leading local market asset services and expertise UBS will be the first financial services firm to start…

Two solutions to the Hot Cash / operational deposits problem (Premium Content)

September 9, 2015

Basel III, Cash management, Hedge Funds, Investments, Liquidity Management, Prime Brokerage, Repo, Systemic Risk

Basel III, Citi, Hot Cash, LCR, short-term cash, SPVs, structured notes, topstory, UBS

The problem of prime brokers and custodians holding hedge fund cash and other operational deposits is becoming acute. We are now seeing two sets of solutions emerge to solve this…

ETF.com: UBS limits ETF securities lending to 50%

May 29, 2014

UBS

UBS has announced it will set a cap of 50 percent when it comes to lending out securities in its exchange traded funds (ETFs) to gain extra revenue for clients.…

UBS Fund Services Collaborates with SunGard and HazelTree

January 22, 2014

HazelTree, SunGard, UBS

NEW YORK & LONDON & HONG KONG–(BUSINESS WIRE)–UBS Fund Services, a global fund administrator, today announced that it has signed agreements with SunGard and HazelTree to offer UBS Frontier Platform…

Reuters: UBS outsources to Murex and Ion

January 22, 2014

Ion, Murex, UBS

Investment bank UBS to outsource fixed income trading platform (Reuters) – Swiss bank UBS (UBSN.VX) will begin outsourcing its fixed income trading platform to two technology groups in an attempt…

UBS pays regulators US$1.5 billion to settle LIBOR fraud

December 19, 2012

UBS

UBS agrees to pay approximately CHF 1.4 billion in fines and disgorgement to US, UK and Swiss authorities to resolve LIBOR-related investigations. As part of a proposed agreement with the…

UBS and HSBC repo trade shows importance of collateral optimization

December 6, 2012

Collateral Management, Repo, Tri-Party Repo

collateral, Euroclear, HKMA, HSBC, Repo, RMB, tri-party repo, UBS

A press release from Euroclear yesterday showed how collateral can be optimized in a repo transaction between UBS and HSBC for RMB. In the trade, UBS’s London account moved assets…

Reuters: sovereigns not posting collateral part of UBS's Fixed Income exit

November 2, 2012

Collateral Management

collateral, Sovereigns, SSAs, UBS

Regulatory, Securities Lending

An interesting article in Reuters yesterday puts attention on sovereigns, supranationals and agencies (SSAs) posting collateral. The article points out that UBS had a big business with SSAs that was…

Regulation SHO Woes: Finra Fines Credit Suisse $1.75 Million For Alleged Violations

December 27, 2011

Jonathan Cooper

Credit Suisse, Regulation SHO, Securities Lending, Systems Architecture, UBS

Regulatory, Securities Lending

The WSJ reported today that Credit Suisse was fined $1.75 mm for alleged Reg SHO violations. This follows a $12 mm fine levied on UBS last October for their own…

UBS Fined $12M for Failure to Comply on Short Sale Regulations (Reg SHO)

October 26, 2011

Jonathan Cooper

FINRA, Regulation SHO, Securities Lending, Securities Lending Operations, Short selling, UBS