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Suitability solutions with tech partners could cut implementation time in half: Orbium

Private banks’ increased spending on suitability solutions provided by tech firms could reduce implementation time by half amidst tightening compliance demands and sales process revamps, according to management consultancy firm Orbium. Amar Bisht, head of wealth strategy and advisory at Orbium, told Asian Private Banker that private banks are allocating “almost 60-70% of their [digital] budgets on compliance issues”, mostly…

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