UBS last month released a research report which described the global fintech industry as reaching an “inflection point”, with revenues set to grow from $150 billion in 2018 to $500 billion in 2030.
“UBS wants to further engage with and support fintech firms,” Mike Dargan, global head group technology at UBS, told Bloomberg. “The new venture investment portfolio is a next step to accelerate our innovation and digitization efforts.”
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