June 14, 2022

Private Banking and Cloud ComputingPilots have always known: don’t fly into a cloud unless you are equipped with the right instruments and know the procedures. CIOs, CTOs, and other senior managers in private banking should learn from them and should not rush into cloud projects without clear objectives, an assessment of the project’s feasibility, and

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June 7, 2022

Exploiting Data in Wealth ManagementDespite the hype, Big Data is not a top priority for private bankers and wealth management CIOs. Maybe it’s just terminology. But more likely, it indicates that private banks don’t exploit the full potential of their data. They should rethink their data management strategy and analysis approach by adopting the technology

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May 31, 2022

Data: A Differentiating Factor in Private Banking Scattered aroundAlex, a private banker, has just finished a meeting with a client and leaves for lunch with his friend Ben, who is head of business development at the same bank. During lunch, Alex asks Ben, “When will I finally get more detailed analysis results on my clients

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May 24, 2022

Turn compliance burden into an advantageThe compliance burden in private banking is not getting smaller any time soon. On the contrary, new regulations continue to mushroom, especially in the areas of client protection and tax compliance.Much of the compliance burden affects the front office. The onboarding process, for example, has become increasingly laborious and time-consuming

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May 17, 2022

As simple as possible but not simplerFront office processes in private banking are becoming increasingly complex. Regulations around cross-border sales, suitability and KYC (know your client) – to mention just a few – are among the reasons for this increase. In cross-border sales, for example, the bank must meet the regulatory requirements of multiple jurisdictions,

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