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AI will push PBs to further differentiate between low- and high-end wealth tiers, says UBS WM

The widespread adoption of artificial intelligence (AI) will force private banks to further differentiate between their lower- and higher-end wealth tiers, says Sundeep Gantori, global IT analyst at UBS Wealth Management’s Chief Investment Office. Gantori believes that AI disruption risks are particularly high for the financial services industry. And while technology will most likely affect consumer banking first, it will…

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