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UBS signs agreement with EPAM

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Wealth management firm UBS has signed a multi-year framework agreement with EPAM Systems, a provider of product development and software engineering solutions.

For the past nine years, UBS and EPAM have collaborated to stay at the forefront of technology.
 
The agreement, which is valued at over USD300 million, supports the bank's strategic cost reduction programme. The commitment to efficiency allows EPAM to continue to focus on innovative, end-to-end solutions, reducing time-to-market and improving ROI on technology investments.
 
"Over the past nine years, EPAM has become a key supplier in helping us meet our clients' expectations by working closely together with UBS, while maintaining commitments to productivity and quality of delivery," says Mike Dargan (pictured), group head of information technology, UBS. "We now look forward to evolving this valued relationship further over the coming years."
 
"The wave of innovation and regulatory changes in the financial services industry has created significant opportunities and challenges. Throughout our long-standing relationship with UBS, we helped them push innovation to drive growth and develop scalable platforms, leveraging our digital design and wealth management expertise and quickly respond to regulatory and market changes," says Balazs Fejes, Sr, vice president, co-head of global business, EPAM. "For us, this multi-year agreement with a global financial services leader clearly demonstrates EPAM's capabilities in the marketplace.”

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