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Asia PBs divided over third-party vendors

Many private banks in the region have turned to third-party vendors in a bid to outsource compliance, digital, or data-related processes, while others have remained steadfast in keeping all back-office solutions in-house, according to Asian Private Banker data. Overall, two-thirds of private banks in Asia already outsource or are considering outsourcing at least some back-office functions to third-party vendors. Specifically,…

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