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Heard on the street: IT key to providing solutions to help decrease rising costs caused by regulatory landscape

The regulatory landscape of the private banking industry has imposed costly burdens on the already thinning revenues of banks but some have already turned to the development of information technology platforms and infrastructure to help make businesses become more cost-efficient. Patrick Dreyfuss, deputy regional CEO, Asia Pacific at Société Générale says, “Regulatory changes are, overall, good for the industry and…

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