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APAC banks better placed to cut costs and invest in digital transformation: EY

Banks in Asia-Pacific are more efficient, profitable and tech-savvy than their European and American peers, but competition for lower cost and better technology is also more imminent, according to EY’s global banking outlook 2020. The report, launched today and titled Banking in the new decade, highlights three crucial ‘bets’ for banks to increase profitability and free up capital to invest…

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