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PBs “miss the point” when pricing tech-enabled advisory services: Synpulse’s Benz

Private banks should not base the pricing structure of technology-enabled advisory services on efficiency gains, but rather on how clients perceive the added value, Synpulse’s head of digital banking told Asian Private Banker. According to Synpulse’s Michael Benz, private banks have started reaping the benefits of fintech given an increasingly stringent regulatory environment, stricter suitability requirements, and customer demand for more…

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