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Back-breaking compliance hurdles force private banks to turn to the tech providers

As private banks continue to experience the symptoms of heavy regulation—clogged pipelines of paperwork, potentially risky form-filling mishaps and souring relationships from one too many requests for information—the industry is turning to technology to help streamline the cumbersome yet unavoidable predicament. “On-boarding processes at private banks are becoming increasingly onerous,” observes Reto Merazzi, general manager of business solutions provider, Appway….

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