TLDR: UBS has deepened its five-year partnership with enterprise AI platform provider Domino Data Lab through a new equity investment. This move aims to accelerate the development and deployment of AI models across UBS’s operations, emphasizing robust governance and risk management. A UBS representative will also join Domino Data Lab’s board as an observer, signaling the bank’s commitment to becoming an ‘AI-enabled institution’ and driving responsible innovation in financial services.
Zurich, Switzerland – August 21, 2025 – UBS, the world’s largest wealth manager and a leading bank in Switzerland, has announced a significant expansion of its strategic partnership with Domino Data Lab, a prominent enterprise AI platform provider. The collaboration is cemented by a new equity investment from UBS into Domino Data Lab, underscoring the bank’s commitment to scaling artificial intelligence across its extensive operations.
This deepened alliance builds upon a successful five-year relationship, during which UBS utilized Domino’s technology to establish RiskLab, its internal platform for AI model development and validation. The new investment is designed to accelerate the rollout of Domino’s Enterprise AI platform across the entire UBS organization, streamlining the development and deployment of AI-driven solutions.
The primary objective of this strategic move is to enhance UBS’s ability to identify and grow scalable AI models, with a strong emphasis on robust governance and stringent risk management. In a highly regulated sector like financial services, ensuring secure, collaborative, and auditable AI solutions is paramount. The partnership aims to embed a risk-based approach to AI model development, ensuring compliance with evolving regulatory requirements.
Stephan Hug, Head of Group Functions Technology at UBS, articulated the bank’s vision, stating, “At UBS, we’re making bold choices to ensure we’re an AI-enabled institution – leveraging cutting-edge technologies to deliver smarter, faster, and above all, more responsible innovation that benefits our clients, people, and shareholders.” He further added, “Our growing partnership with Domino Data Lab reinforces this commitment, establishing scalable AI and robust model governance as important pillars of our advanced digital strategy.”
As part of the agreement, a UBS representative will join Domino Data Lab’s Board as an observer, providing strategic oversight and ensuring alignment between the two entities. While the financial terms of the equity investment were not disclosed, the move highlights UBS’s proactive stance in leveraging AI to drive efficiency and innovation.
Nick Elprin, Co-founder and CEO of Domino Data Lab, commented on the broader impact, noting, “There is a tremendous opportunity for AI to help safeguard financial markets and improve customer experiences.” This sentiment aligns with UBS’s goal to transform its digital strategy, balancing innovation with strict compliance.
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The investment comes amidst a broader trend in the financial services industry, with major players rapidly integrating AI. For instance, FNZ, a global wealth management platform, recently launched FNZ Advisor AI, a generative AI solution aimed at boosting financial advisers’ productivity. UBS’s approach, however, focuses on building foundational AI infrastructure across the entire bank, demonstrating a comprehensive strategy to embed AI capabilities at its core. UBS manages USD 6.6 trillion of invested assets as of the second quarter of 2025, operating in over 50 markets globally.
