Swiss private banking and investment management group Vontobel announced that it is deepening its partnership with Microsoft to support its employees in their daily work through the use of artificial intelligence (AI) technology.

Through this partnership, Vontobel will be deploying the Azure Open AI Service at enterprise level in accordance with the applicable regulations.

Expected to be deployed at Vontobel from fall 2023, the solution is expected to boost productivity in various business areas, such as programming, and to support the manual evaluation of free text or the analysis of data.

Vontobel said that it will carry out evaluations to determine other areas where Azure Open AI Service could be used to support the work of employees.

François Rüf

“We see the enormous potential of this ground-breaking technology and are excited and convinced of the opportunities it offers. Our focus is on increasing productivity, and we also plan to develop examples of how it can be applied to further enhance the hybrid client experience.

The collaboration with Microsoft will allow us to further expand our leading position in the field of AI and will position Vontobel as an employer of choice for top talent,”

said François Rüf, Head Digital Investing, Vontobel.