UBS AM to reshape banking advisory services with new platform
UBS Asset Management has launched UBS Partner, a white-label technology solution aimed at reshaping the advisory process and customer service offered by banks.
UBS Partner, belonging to UBS Platform Solutions offering, will scan portfolios on a daily basis while assessing individual portfolios according to risk profiles, key instrument quality criteria and investment goals. Through the identification of those clients who are not on track to achieve their financial goals, UBS Partner can help them to get back on course.
Ulrich Körner, president of UBS Asset Management, said: “Banks today are facing significant challenges like addressing new client needs and facing an increasingly complex regulatory landscape. With the aim of helping them to navigate the current environment, we have taken processes used within UBS and scaled them in order to provide banks the tools and analytics enabling them to transform the way they (and their advisors) work with clients.”
Thomas Stokes, head of UBS Partner, added: “UBS Partner is a technology-led, highly scalable, modular solution designed for ease the integration into banks’ existing systems.”