Slowly but surely isn’t good enough principle for the development of software in times of rapid technological progress. UBS, therefore, found a partner that will help it double the speed of development by using a dedicated cloud solution.
Switzerland’s No. 1 bank has signed an agreement with Gitlab, an open-source platform, to help it achieve a faster pace in innovations. The deal with the San Francisco-based company spans several years, according to a statement released on Thursday.
UBS will receive access to the so-called DevOps software. At UBS, Agile and DevOps are crucial for constantly developing, testing, and deploying digital solutions, with speed and while they are running, the bank said.
The collaboration with GitLab is at the heart of DevCloud, which enhances UBS’s ability to cover the entire development process with just one DevOps platform and will advance UBS on its journey to a modernized cloud-based and service-oriented software development lifecycle.
The goal of the collaboration with GitLab is to enable UBS’s engineers to develop in the cloud and to fully realize the benefits of DevOps and an agile software development approach. This is expected to increase quality and decrease time-to-market significantly: UBS expects to more than double the speed of software engineering by the end of 2021.