hp has retrained 350 back - office employees in automation software as part of its digitisation programme that launched in 2016 . The Swiss consortium is seeking to automate processes to cut costs and streamline its operations , said group operations manager , Chris said . UBS has more than 1,000 algorithms – or robots – that perform processes such as clearing and settlement . The 350 trained staff can now develop algorithms , while a further 2,000 employees have been given basic automation training .
UBS has retrained 350 back-office workers in automation software as part of its digitisation drive that began in 2016. The Swiss bank is seeking to automate processes to cut costs and streamline its operations, said group operations head, Chris Gelvin. UBS has more than 1,000 algorithms – or robots – that perform processes such as clearing and settlement. The 350 trained staff can now develop algorithms, while a further 2,000 employees have been given basic automation training.