EPAM and UBS Swiss Bank signed the agreement for $300 million

On January 19, 2017 EPAM Systems and UBS AG bank announced the conclusion of the new long-term agreement. For the last nine years of UBS and EPAM cooperated within joint projects on creation of the advanced financial products and services.

The new agreement is estimated in more than $ dollars 300 million and is aimed at support of the strategic program of UBS for cost reduction. The aspiration of UBS to increase in efficiency will allow EPAM to save focus on development of complete innovative solutions which reduce time to market of new products and services and increase return from investments in technology.

For the last nine years EPAM turned into our key supplier. Closely interacting with UBS and steadily providing performance and quality of solutions, EPAM helps us to meet expectations of our clients. We with impatience expect development of so significant cooperation in the next years, - Mike Dargan, the head of group of information technologies, UBS notes.

The wave of innovations and regulatory changes in the financial industry opened new serious opportunities and tasks for market participants. Throughout long partnership with UBS we helped bank to accelerate implementation of innovations for support of growth and creation of scalable platforms, effectively using at the same time our competences of spheres of digital design and wealth management and providing an opportunity to react quickly to changes in the market and in requirements of regulators. The new long-term agreement with the leading world financial services provider demonstrates possibilities of EPAM in this sphere of business, - Balash Feyesh, the senior vice president, the codirector for global business development, EPAM says.

Partnership of UBS and EPAM covers nearly nine years, ten countries and three continents and includes creation of a set of business solutions. The main focus within the new long-term agreement will be placed on development and deployment of innovations.