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Lack of IT infrastructure a double-edged sword for private banks, says consultant

The fact that private banks tend to have less IT infrastructure relative to retail banks and insurers “can be a positive and a negative”, according to Kevin Nixon, global & Asia Pacific leader at Deloitte’s Centre for Regulatory Strategy. On the one hand, having a smaller IT footprint means fewer points of entry for hackers, Nixon tells Asian Private Banker. “But…

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