UBS has retrained 350 of its back-office employees in automation software and has asked its entire investment banking staff to come up with ideas for digitising the company, as it looks for more ways to use technology to overhaul its business. The Swiss bank has been rolling out “robots” – by which it means algorithms that automate back-office processes – across its operations division, in a bid to cut costs and streamline its business, according to Chris Gelvin, head of group operations. ...
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 .