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Wealthtech: News in brief

News Team, 09/09/2019

Financial institutions across the globe will allocate almost half (48 percent) of their IT budget to spending on public cloud services in 2020, up from 41 percent this year and 34 percent in 2018, according to Refinitiv’s latest research into the use of cloud technology for financial data. The findings are based on a survey of 300 global financial firms. Banks and asset managers are increasingly looking to the cloud as an enabling technology to move away from expens...


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