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Private banks in Asia to spend US$4.6 billion on IT by 2015

Responding to clients, most of whom are early adopters of technology, private banks in Asia are expected to spend as much as US$4.6 billion on IT by 2015 according to a report by Australia-based consultancy Ovum. While growth in technology spends slowed down considerable during eth global financial crisis, it has begun to climb again in the last year driven…

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