UBS teams up with GitLab to redefine software development experience

Maria Nikolova

The goal of the collaboration with GitLab is to enable UBS’s engineers to develop in the cloud and to fully realize the benefits of DevOps and an agile software development approach.

UBS and GitLab have signed a multi-year contract for a strategic collaboration.

The partnership with GitLab is at the heart of DevCloud, which revolutionizes UBS’s ability to cover the entire development process with just one DevOps platform and will advance UBS on its journey to a modernized cloud based and service oriented software development lifecycle.

The goal of the collaboration with GitLab, is to enable UBS’s engineers to develop in the cloud and to fully realize the benefits of DevOps and an agile software development approach. This is expected to increase quality and decrease time-to-market significantly: UBS expects to more than double the speed of software engineering by the end of 2021. DevCloud is also anticipated to provide the means for full end-to-end automation of the development pipeline.

GitLab offers a single application for the entire DevOps lifecycle which aims to increase efficiency by eliminating communications between different tools, and decreases maintenance costs. Developers, operators, and auditors have access to the same information and thus the ability to drill from a global view to a single repository.

In addition to efficiency, further strengthening UBS’s proven stability and resilience is a major driver for UBS to implement one single DevOps platform. The highly automated – and therefore shortened and less error prone – cycle between coding, testing and deployment is beneficial for the bank’s applications.

GitLab’s DevOps platform cloud added to UBS’s custom extensions redefines the bank’s developing and engineering experience. Product owners from the different businesses, software developers as well as test and tech operators have access to the same information and collaborate closely in order to enable the bank to meet and excel its clients’ needs.

UBS and GitLab are members of the Fintech Open Source Foundation (FINOS), which addresses common industry challenges and drives innovation in the finance sector. The cooperation also aims at contributing to and benefiting from the standardization and wider adoption of security frameworks and financial tools.

These standards will be sharable with other financial industries and are expected to contribute to the overall development of banking of the future as well as increase of efficiency and cooperation within the ecosystem.

Read this next

Metaverse Gaming NFT

LongHash launches $100 million fund focused on DeFi, NFT, GameFi, Metaverse

LongHash Ventures has backed more than 60 projects, including Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe, and Balancer.

Digital Assets

Midas launches investment strategies for the ‘crypto winter’

Midas.Investments has released three new investment strategies on its custodial CeDeFi platform, creating new opportunities during the ‘crypto winter’.   The platform merges diverse approaches to digital asset management into single-click products to let investors gain steady profits in any market conditions — including the ongoing bear market. a custodial CeDeFi platform, CeDeFi: Unlocking the […]

Digital Assets

Bitcoin.com Wallet adds several ERC-20 tokens

The product expansion includes representatives of the DeFi world, the Metaverse, and the largest stablecoins.

Market News

Savvy Investors to Profit Whether the Stock Market Rebounds or Not

Equities have gone up enormously since the low. SP500 has gained 13.88% since June 17. In August, the indices drifted sideways. On Wall Street, veteran investors expect a move in either direction.

Industry News

Wall Street-backed MEMX obtains SEC approval for options trading platform

The company has raised more than $135 million in funding from 18 stock trading and investing heavyweights, including BlackRock, Citadel Securities, and Morgan Stanley.

Industry News

Amundi US launches ESG strategy that seeks to outperform S&P 500

Amundi’s Responsible investing team includes more than 45 specialists, and its ESG analysis covers more than 13,500 issuers across debt and equity.

Industry News

Verto launches embedded FX payments solution

The Verto API automates currency conversions, tracks payments and exchange rates in real-time, and is being launched in the follow-up of a $10 million in Series A funding last year.

Industry News

SEC awards over $16m to whistleblowers after another successful enforcement action

The program is 10 years-old and has arguably played a critical role in the Division of Enforcement’s ability to effectively detect wrongdoing, protect investors and the marketplace, and bring violators to justice.

Digital Assets

Ripple submits most succint explanation of Hinman issue in XRP lawsuit

It might be useful to get up to date as this could be the end of the road for the SEC.

<