UBS ups tech spend 11% in Q1

UBS Group AG invested in onboarding technology through enhanced know-your-customer and anti-money laundering processes in the first quarter, which will ultimately aid the bank’s onboarding of Credit Suisse clients during its acquisition of the embattled Swiss bank.  UBS’ tech spend was up 11% year over year to $322 million, with included enhancements to its KYC […]

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