Private Banking: New Trends or More Doom and Gloom?
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2. Time for Tie-Ups
Solo private banking is a thing of the past. Or in other words, many financial firms will begin cooperating with companies outside of their industry – if they haven't already. Why? Even private banking can't escape the demand for related services at the press of a button, for example in insurance, art, culture, or with services such as lifestyle help. The operative word here is networking via platforms.