The new solution is underway, with UBS in talks with Italian firm Banca Generali.

UBS Asset Management has launched UBS Partner, a white-label technology solution.

Work is underway to rollout UBS Partner with Italian banking group Banca Generali, the firm said in a statement.

UBS Partner, which forms part of the UBS platform solutions offering, scans client portfolios on a daily basis, assesses individual portfolios against corresponding risk profiles, criteria and investment goals. 

The firm says that this solution will “enable a step-change in the advisory process and client service offered by banks”.

“At its heart, UBS Partner is a technology-led, highly scalable, modular solution designed for ease of integration into banks' existing systems,” said Thomas Stokes, head of UBS Partner. “Through UBS Partner we hope to free up the time of bank advisors allowing them to focus on enhancing the services they offer to existing clients and also grow their client base.”

Recently, this publication discussed the topic of technology in the private banking arena, and interviewed Anis Chenchah executive vice president of financial services at Capgemini, and Pierre Dulon, head of Credit Agricole Private Banking Services, to talk about the topic.