PBs lag in digital offerings as reg compliance prioritised

14 October 2019 | 3 minutes read

Private banks are increasingly lagging behind in digital service offerings as resources are shifted towards regulatory compliance and increasing business efficiency, according to respondents from the latest Hong Kong Private Wealth Management Report (PWM Report), co-published by the PWMA and KPMG. While digitalisation has become an increasingly important aspect of the business agenda for private banks in recent years, 64%…

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