Print this page

Estimated reading time: 0 minutes, 27 seconds

UBS Pushing Deeper Into Fintech with $200M Investment Strategy

UBS Group AG is set to invest $200 million in fintechs in the medium term as a means to further digitalize services and “find new ways to engage with clients.” So reports Bloomberg.

UBSThe investment portfolio will be run by a dedicated team and largely target early-stage companies. “UBS’s venture fund aims to make investments of between $5 million and $20 million to either help fund development of financial technology tools, for example in blockchain or artificial intelligence, or take minority stakes in fintech companies,” according to the article.

Read the full article from Bloomberg.

Read 1921 times
Rate this item
(0 votes)