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Core fintech systems to be upgraded every five years, says expert

For private banks in Asia still uncertain on where to allocate their rising technology budgets, the co-founder of Fintech Hong Kong suggests starting at the back-end, including the uprooting and upgrading of core operating systems. “Private banks are already increasing technology budgets and are now beginning to see the benefits of writing off its legacy IT systems,” says Jano Barberis. He was…

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