Swiss-based Union Bancaire Privée with a wide presence in Asia is joining up with a fintech for stock-picking fueled by big data.
Geneva-based Union Bancaire Privée is cooperating with Quantcube Technology, a Paris-based big data start-up, the Swiss bank said in a statement on Thursday. Neither party disclosed financial details of the deal, which is exclusive.
As the first outcome of this collaboration, UBP has launched a long-only, active, systematic stock-picking strategy powered by QuantCube’s big data analytics in Singapore. The strategy is registered as a restricted scheme in Singapore and is available to clients of UBP Singapore that are accredited investors.
Alternative Data Analytics
Founded by Thanh Long-Huynh eight years ago, Quantcube specializes in artificial intelligence and alternative data analytics for economic intelligence. It is developing a proprietary data source ranging from web and media analytics to satellite images which it says will result in new, unstructured, public, and real-time data.
«Specific expertise and technology are key to structuring and extracting value from alternative data sources. This is why UBP has signed an exclusive partnership with QuantCube; its unique mix of fintech, data science and investment experience will allow us to develop innovative solutions for investors,» Nicolas Faller, Co-CEO Asset Management at UBP, said.
