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Asia has largest chunk of global tech budget, says UBS

UBS Wealth Management’s global president has revealed that Asia holds the largest share of the bank’s global change-the-bank (CTB) IT budget, underlining the rising importance of financial technology in the region’s private banking sector. “Asia has the largest chunk of the change-the bank budget of the IT budget – more than 500%. It’s hugely attractive to innovate the front-office here,”…

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