Asia PBs target lower client segments with tech to prop revenues, gain loyalty

16 April 2019 | 2 minutes read

In light of thinning profit margins, private banks in Asia have been utilising technology to extend their services to the mass affluent segment, targeting future HNWIs and expanding revenue channels. According to a report by IBS Intelligence and Avaloq, private banks in Asia have been providing their advisory offerings to mass affluent clients — arguably an underserved but increasingly significant…

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