UBS Group AG Expands AI Partnership with Domino Data Lab for Enhanced Financial Services
- UBS Group AG expands its partnership with Domino Data Lab to enhance enterprise AI capabilities and governance.
- The collaboration aims to accelerate UBS's AI strategy, integrating scalable solutions within its digital framework.
- UBS's investment in Domino signifies a commitment to innovation and meeting evolving regulatory and customer demands.
UBS Partners with Domino Data Lab to Advance AI Capabilities
In a significant development in the financial services sector, UBS Group AG, the world's largest wealth manager, expands its strategic partnership with Domino Data Lab, a prominent provider of Enterprise AI platforms. Announced on August 21, 2025, the collaboration is reinforced by an equity investment from UBS and the appointment of a UBS observer to Domino's Board. This partnership is set to enhance UBS's capabilities in enterprise AI and streamline the development and deployment of AI models throughout the bank. With over five years of joint efforts through RiskLab, UBS's AI model development platform powered by Domino's technology, the focus now shifts to integrating a robust risk-based methodology pivotal for governance and risk management within AI applications.
Stephan Hug, UBS's Head of Group Functions Technology, underscores the bank's commitment to becoming an AI-enabled institution. He emphasizes leveraging advanced technologies for responsible innovation that delivers tangible benefits to clients and stakeholders. This newly expanded collaboration aims to accelerate UBS's comprehensive AI strategy, embedding scalable AI solutions and strong model governance into its existing digital framework. As AI continues to reshape the landscape of financial services, this partnership positions UBS to lead the charge in adopting cutting-edge technologies, ensuring the development of mission-critical AI solutions that align with customer demands and regulatory requirements.
Nick Elprin, co-founder and CEO of Domino Data Lab, articulates the vision behind the partnership, asserting that AI's potential to transform financial markets and enhance customer experiences is paramount. By enhancing operational efficiency and service delivery through AI innovations, UBS aims to navigate the complexities of the evolving financial industry landscape. The collaboration stands as a testament to both firms' commitment to innovation while prioritizing the safety and governance of AI model development, which becomes increasingly crucial as financial services embrace AI at an accelerated pace.
In conjunction with the partnership, UBS's investment in Domino Data Lab signifies the bank's belief in the transformative power of AI technologies in enhancing customer service and operational frameworks. This strategic alliance not only reinforces UBS's dedication to innovation but also demonstrates a proactive approach to meeting emerging regulatory and customer expectations in a rapidly evolving digital environment.
As the financial industry continues to integrate AI into its operations, this partnership between UBS and Domino Data Lab exemplifies a forward-thinking approach to harnessing technology for improved risk management and customer engagement, solidifying UBS’s position at the forefront of the sector.