(CercleFinance.com) – UBS on Wednesday formalized an investment in BigPanda, a unicorn based in Mountain View (California), with a view to relying on artificial intelligence to imagine the bank of the future.
The Swiss private bank explains that it is looking for technological solutions allowing it to support its clients in their decision-making, which it considers to be increasingly influenced by digital tools and data.
In a press release, the Swiss establishment points out that BigPanda specializes in AIOps, a term that describes platforms that allow IT teams to react more quickly to network and system-related incidents.
Based on machine learning, BigPanda’s technology helps predict, detect and respond to incidents within complex IT systems, by automating incident management processes and ensuring that systems remain operational.
UBS did not specify the amount of the investment, made by its UBS Next division which has an envelope of 200 million dollars to support fintechs and startups, while managing its own incubator.
The Californian bank Wells Fargo also participated in this funding round.
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