UBS Invests in Domino Data Lab, Deepening Strategic Partnership to Drive Next Wave of Enterprise AI Innovation

Partnership will help identify and grow scalable AI models with robust governance and risk management at its core

SAN FRANCISCO and ZURICH, Aug. 21, 2025 /PRNewswire/ -- Domino Data Lab, provider of the leading Enterprise AI platform, and UBS, the largest truly global wealth manager and the leading bank in Switzerland, today announced a significant expansion of their strategic partnership to support UBS's continued leadership in enterprise artificial intelligence (AI) and its model development. The partnership is strengthened with an equity investment led by UBS, and a UBS representative will join the Domino Data Lab Board as an observer.

The broadened partnership builds on over five years of successful collaboration with RiskLab, UBS's platform for AI model development and validation. The platform was built within the UBS environment, based on Domino's product, providing a secure, collaborative, and auditable foundation for AI model development, supporting UBS's risk-based approach.

The innovative approach will now be rolled out across the bank to streamline AI model development and deployment, driving efficiency and innovation across UBS, and ensuring that AI-driven solutions are readily available to meet business needs. It is expected to help to accelerate UBS's broader AI strategy by strategically further embedding a risk-based approach to model development.

"At UBS, we're making bold choices to ensure we're an AI-enabled institution – leveraging cutting-edge technologies to deliver smarter, faster, and above all, more responsible innovation that benefits our clients, people, and shareholders," said Stephan Hug, Head of Group Functions Technology, 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."

To stay at the forefront of growing AI adoption across the financial services industry, Domino's platform now serves as the foundation for broader AI development initiatives. By enabling flexible collaboration, full traceability, and enhanced governance, Domino equips UBS teams to build and deploy advanced models faster and with greater confidence.

"There is a tremendous opportunity for AI to help safeguard financial markets and improve customer experiences," said Nick Elprin, co-founder and CEO of Domino Data Lab. "We're proud to support UBS as they scale AI across their firm — with speed and safety simultaneously."

With AI adoption accelerating the pace of innovation across financial services, the expanded UBS-Domino collaboration is supporting UBS's leadership in this industry-wide shift. It showcases how global institutions can safely build mission-critical AI that meets the escalating demands of customer expectations in compliance with regulatory requirements, and accelerates innovation.

About Domino Data Lab

Domino Data Lab empowers the largest AI-driven enterprises to build and operate AI at scale. Domino's Enterprise AI Platform provides an integrated experience encompassing model development, MLOps, collaboration, and governance. With Domino, global enterprises can develop better medicines, grow more productive crops, develop more competitive products, and more. Founded in 2013, Domino is backed by Sequoia Capital, Coatue Management, NVIDIA, Snowflake, and other leading investors. Learn more at domino.ai.

About UBS

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages USD 6.6 trillion of invested assets as per the second quarter of 2025. UBS helps clients achieve their financial goals through personalized advice, solutions, and products. Headquartered in Zurich, Switzerland, the firm operates in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

SOURCE Domino Data Lab; UBS