UBS teams up with GitLab to redefine software development experience
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.
