UBS takes to the cloud with Microsoft

Microsoft Corp. and UBS have strengthened their cloud capabilities with a partnership expansion, to accelerate UBS’s public cloud footprint over the next five years.

UBS plans to have more than 50 percent of its applications, including critical workloads, running on Microsoft Azure, now UBS’s primary cloud platform. This partnership furthers UBS’s ‘cloud-first’ strategy and the modernization of its global technology estate.

UBS will have access to a comprehensive cloud platform, enabling the firm to increase delivery speed and improve its digital experience for both clients and employees.

This partnership falls in line with firm’s sustainability goals as UBS continues to move specific technology platform workloads from its on-premises and private cloud servers to Azure. Both companies are implementing and exploring the possibilities of AI and its uses for enhancing client and employee experience, as well as unleashing innovation and driving greater business insights with the company leveraging Microsoft Power Platform.

Scott Guthrie, executive vice president, Cloud and AI, Microsoft, said: “UBS is a forward-thinking leader in the financial services industry, and Microsoft has been fortunate to co-develop innovative applications that meet complex, regulatory requirements with their engineering teams over the past several years. Our expanded partnership will continue to accelerate the organization’s ambitious digital transformation plans, applying the power of the Microsoft Cloud to equip UBS with the agility and reliability to deliver for their clients.”

Mike Dargan, UBS Group chief digital and information officer, said: “Our cloud strategy had fundamentally changed the way we operate, allowing us to reinvigorate our technology estate and reimagine how we build applications for our clients.

“Closely partnering and collaborating with Microsoft has and will continue to create tremendous value for our clients, our employees, the firm and our shareholders. The developments and learning that stem from this partnership will benefit the financial services industry and beyond.”