For the second quarter of 2012 study, Aite Group had surveyed 50 technology executives at financial institutions worldwide.
The study showed that private banks adopt technology differently than the wealth managers and international banks.
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Further, online brokerage firms have been found to be slow in adopting outside technology.
Javier Paz, senior analyst with Aite Group and author of the report commented, "There is a silver lining for CIOs and business unit managers facing limited IT resources. Implementing outsourced technology, from business processes to specific technologies, is gaining popularity in the wealth management arena and can help cash-strapped firms afford the technologies they require."
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