UBS has made its entry into the neo-banking sector by acquiring a stake in Radicant, a digital bank. This investment is a result of the recent merger with FinTech company Numarics, which has facilitated UBS's foray into the innovative banking space.
The move underscores UBS's strategic interest in expanding its digital offerings and adapting to the changing financial landscape. Radicant, known for its focus on providing modern banking solutions, stands to benefit from UBS's resources and expertise, positioning itself for growth in a competitive market.