Switzerland-based financial services giant UBS is expanding into China with the opening of a new “Business Solution Centre”. According to a Shanghai Daily interview with COO Axel P. Lehmann, the bank is also investing in financial technologies like blockchain.
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UBS Group Business Solution Centre in China and Blockchain Technology RD
Blockchain technology has become a prospect for many financial incumbents worldwide. Recently UBS executive Axel P. Lehmann detailed the bank’s expansion into China and its interest in distributed ledger protocols. UBS has created a new business center in the Jiangsu province city of Wuxi, employing 200 people focused on innovation. During the interview, Shanghai Daily asked Lehmann how UBS feels about blockchain applications.