UBS signs technology deal with EPAM

EPAM, a US-based provider of IT solutions, has signed a $300M agreement with UBS. An EPAM company spokesperson said that the technology firm will work with the UBS cost reduction programme, developing end-to-end solutions, reducing time to market and improving return on investment in technology. The Swiss bank and EPAM had collaborated before this latest deal. “Over the past nine years, EPAM has become a key supplier in helping us meet our clients’ expectations by working closely together with UBS, while maintaining commitments to productivity and quality of delivery,” said Mike Dargan, group head of information technology at UBS. “We now look forward to evolving this valued relationship further over the coming years,” he added. Balazs Fejes, senior vice president and co-head of global business said that regulatory changes in the financial sector had created opportunities for his firm. “Throughout our long-standing relationship with UBS, we helped them push innovation to drive growth and develop scalable platforms, leveraging our digital design and wealth management expertise and quickly respond to regulatory and market changes,” said Fejes. .