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UBS turns to artificial intelligence to advise wealthy clients

Singapore-based tech firm Sqreem Technologies will mine data on Swiss bank's customers for insight

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The introduction of mobile payment systems offered by Internet giants has alerted traditional banks to the potential threat from tech companies with vast databases and the know-how to exploit them.

Zurich

UBS Group AG, facing the threat of competition from Google Inc and Amazon.com Inc, has turned to a Singapore-based technology company that uses artificial intelligence for help delivering personalised advice to the bank's wealthy

sentifi.com

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