And finally…UBS puts digital clone of chief investment officer in branch

A UBS branch in Switzerland will soon be offering its wealth management clients the opportunity to get advice from an AI-powered avatar of the bank’s chief investment officer.

UBS has teamed up with IBM and avatar biometrics outfit FaceMe to build two “animated digital assistants”, which will now be tested over three months.

The second, is Daniel Kalt, named after the regional chief investment officer, Switzerland at UBS Global Wealth Management. Kalt was photogrammetrically captured using more than 100 digital SLR cameras in a special lighting setup to build an accurate avatar.

UBS says that it has deliberately designed Fin and Daniel Kalt with a different set of characteristics to discover in what scenarios each type of assistant best meets the needs of the clients.