Private Banking: New Trends or More Doom and Gloom?
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9. Data Differentiator
The world's most valuable resource is no longer gold or even oil – it is data. This year, banks will take on the topic with particular rigor. For one, concerns over client's data security – especially after recent scandals – will grow. Banks also now have workable tools to mine data more effectively for new behaviorial patterns and needs of clients. This, of course, should translate to additional revenue.
