UBS is doubling down on artificial intelligence. The Swiss banking giant announced an expanded strategic partnership with Domino Data Lab, the enterprise AI platform provider, that includes an equity investment and a UBS representative joining Domino’s board as an observer.
The deal builds on more than five years of collaboration between the two companies, centered on RiskLab, UBS’s internal platform for AI model development and validation. RiskLab, built on Domino’s technology, has helped UBS adopt a “risk-based” approach to building, testing, and governing AI models—critical in an industry where compliance and traceability are non-negotiable.
From Pilot to Enterprise Scale
Until now, RiskLab has primarily operated as a specialized hub for model validation. With this expansion, UBS plans to roll out Domino’s platform firmwide, standardizing how AI models are developed, deployed, and governed across business units. The move reflects a broader push by banks to scale AI beyond pilot projects—with an emphasis on efficiency, innovation, and regulatory compliance.
“UBS is making bold choices to ensure we’re an AI-enabled institution,” said Stephan Hug, Head of Group Functions Technology at UBS. “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.”
AI Meets Finance’s Toughest Standards
Financial institutions face a paradox: the promise of AI to streamline operations, detect fraud, and personalize client experiences—balanced against the risk of data misuse or regulatory non-compliance. Domino’s platform aims to square that circle by offering:
- Collaboration and traceability for teams building and validating models
- Governance and auditability to meet compliance requirements
- Faster model deployment without cutting corners on risk
Nick Elprin, co-founder and CEO of Domino Data Lab, put it bluntly: “There is a tremendous opportunity for AI to help safeguard financial markets and improve customer experiences. We’re proud to support UBS as they scale AI across their firm—with speed and safety simultaneously.”
Why This Matters
AI adoption in finance is no longer a differentiator; it’s becoming table stakes. JPMorgan Chase, Goldman Sachs, and Deutsche Bank have all ramped up AI initiatives in recent years, with generative AI emerging as the next battleground. UBS’s bet on Domino highlights an industry trend: big banks want AI innovation, but they want it wrapped in governance frameworks sturdy enough to withstand regulatory scrutiny.
For Domino, landing an equity investment and deeper strategic foothold with one of the world’s largest wealth managers is a strong endorsement of its platform. For UBS, the expansion signals a commitment to embedding AI into the very fabric of its operations—not just as an experiment, but as a competitive advantage.
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