Moonshots Shelved: Banks Spend on Home-Working Tech

Senior technologists from UBS, Deutsche Bank, Nomura, SocGen and others discuss where their tech spend is being directed.

In late 2019, UBS asked 20 of its traders to experiment with a so-called soft turret system, developed by fintech firm Cloud9 Technologies. Lee Fulmer, the bank’s global head of innovation, expected the idea of replacing traders’ heavy-duty phone consoles with a software application to meet resistance.

“But at the end of the first month, all 20 of them asked to have another month to keep playing with it,” says Fulmer. The only complaint: some sales traders missed having physical buttons to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here