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Cloud Migration of UBS Financial Rating Application

The UBS Group AG is Switzerland’s leading full-service bank for individual, corporate and institutional clients as well as a global leader in wealth and asset management.

The project 

UBS’ Financial Rating Application (FiRA) calculates the credit rating of clients based on their financial data. The more than 600 credit managers of the bank also use FiRA to review loan applications. At the beginning of the COVID pandemic, FiRA was one of the most important applications for the granting of Corona credits. The application mastered the extraordinary volume without any downtime. Currently, UBS and Adnovum are updating the application’s user interface and migrating FiRA into the cloud.

 

The goal: To bring the application and its features up to date, make them «cloud-ready» and completely migrate them into the cloud.

The process: Adnovum supports UBS in five phases ranging from analysis and design to migration of the application.

The result: The updated backend with permissions is now cloud-enabled. The user interface created in the frontend was designed by the UX team to be state-of-the-art, user-friendly and in line with the current corporate design.

In its more than 150 years of history, UBS has integrated more than 370 financial institutions and their banking and financial expertise to become the outstanding Swiss universal bank of today. A financial institution employing 66’000 people in 1’000 locations in over 50 countries, UBS is also a global player in asset management and the world’s leading manager of private wealth.

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Benefits for UBS and its clients

Approx. 3000 client advisors and 600 credit managers benefit from an enhanced and more intuitive user interface of FiRA in their daily work

Cloud Foundry allows for both full scalability and an open architecture and thus an ecosystem is created

The path for future applications in Cloud Foundry has been paved

The automated installation process allows future releases to be deployed faster