Lack Of Belief Hinders Private Banks' Progress

As private banks and other wealth managers find themselves jostling for increasingly savvy and choosy clients, you would think that anything that could put them above the competition would be grabbed with both hands.

Technology offers one route to salvation. From the back office to computer systems used in the branch, technology has the potential to bring wealth managers long-term cost savings, greater efficiency and enhanced customer service. But not everyone is a believer.

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