Private Banking: New Trends or More Doom and Gloom?

7. «Fatally» Digital

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Private banks have spent recent years honing their digital strategy, but 2019 appears to be crunch time. Are years of investment and efforts lip service only, or will banks decisively move towards consistently digitizing their services? The support of technology is likely to cost jobs, so private bankers would be prudent to ramp up their digital savvy. Even better, make career contingency plans (see point 10).