UBS, HSBC, BNY Mellon and RBS All Engaged in a Degree of Labour and Technology Arbitrage

The upshot of many of the discussions at last week’s reference data conference in London, organised by Marcus Evans, was that many firms are currently engaged in a degree of labour and technology arbitrage. Not only are banks negotiating with their vendors around contracts for data feeds and price points for particular solutions, but they are also using new technology for efficiency gains and to be enabled to redeploy staff in key areas, according to speakers from UBS, HSBC, BNY Mellon and RBS.



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