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Digitalising in the new era

Technology is changing the way people consume financial services, and private banks have to reinvent themselves to capture this unique and lucrative opportunity.

Crucially, mobile devices connected to the Web are being increasingly used to access services and make purchases on the go. Among the most popular for the wealthy segments of the population are tablets, the demand for which grew faster in 2013 than for PCs at any point in history.

Mr de Ferrari: "Making innovation a part of how banks go about their business is not a luxury, but a necessity."

THE global shift in economic growth towards developing countries has caused a comparatively rapid increase in ultra-high net worth individuals in the Asia-Pacific and Latin America, including record assets managed in these regions.

The Asia-Pacific region is expected to grow twice as fast...

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