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EY | News | Financial Services

An overview of EY news in the UK:

Generative AI to boost productivity in financial services Hype around generative AI and machine learning is continuing to buoy economic sentiment across Europe, with fewer than two-in-five financial services CEOs now expecting a severe downturn in the comin
07 November 2023
Financial services CEOs embrace AI in spite of concerns Almost half of financial services firms around the world have already integrated an AI-driven product or service change into their capital allocation process.
16 August 2023
EY launches Midlands financial services technology hub Big Four firm EY has launched a financial services technology hub in the Midlands. The news comes in response to growing regional sector demand for digital expertise.
20 October 2022
UK financial sector lags on boardroom parity Some countries in Europe are seeing financial services boardrooms approach senior-level gender parity. However, the UK’s reluctance to legislate on the matter means it lags behind leaders like France and Italy on the matter.
17 October 2022
EY plans to grow its financial services business in EMEIA EY’s financial services business is expected to add 3,000 roles to its Europe, Middle East, India and Africa headcount.
08 July 2021
Wealth managers failing to adapt to ESG needs face client exodus In the face of continued concern about the sustainability of economic activity, just under half of investors still feel wealth managers do not adequately understand their ESG goals.
18 May 2021
Big Four pull trigger on Initial Coin Offerings advisory services Responding to client demand, the Big Four consulting firms are finally pulling the trigger on years of accumulated digital currency expertise.
23 April 2018
EY looks to grow Midlands financial services headcount threefold Global professional services firm EY has announced plans to triple its financial services team in the Midlands by 2020.
14 March 2018
Banks shift focus to growth as regulatory pressure eases A decade later, banks are in a better position to withstand a financial crisis similar to that of 2008, according to a new report.
22 January 2018
Australian bank ANZ spends $20 million on consultants from EY Over the last financial year, leading up to 30th June 2017, the Australia and New Zealand Banking Group (ANZ) spent nearly $20 million on consultants from EY.
06 October 2017
Big Four firms increasingly tapped for Initial Coin Offerings After a fork in Bitcoin recently led to the creation of Bitcoin Cash, a separate cryptocurrency, clients of the world's four largest professional services firms are expanding their inter
12 September 2017
Big Four and Capgemini dominate best FinTech and InsurTech reports FinTech and InsurTech are causing massive disruption among their relevant sectors, as agile new start-ups utilise new technology to challenge long-term market incumbents.
06 September 2017
Risk, operations, technology and talent are key banking priorities The new regulatory landscape for banks is almost complete. Banks are now moving towards implementation of the new requirements, as well as compliance.
28 March 2017
Customer services and trust are key areas of concern for incumbent banks Incumbent banks face a considerably more fragmented financial services space as new digital banks and other financial services institutions begin to develop propositions to entice away customers.
10 October 2016
Importance of banking sector is sliding down globally, says EY Banks are across the globe becoming progressively less relevant to their customers.
04 October 2016
Growing sub-Saharan market to lift demand for insurance services Growth has been swift in sub-Saharan Africa as macroeconomic conditions improve and population growth remains strong.
08 June 2016
Optimism of European banking industry at 4 year low Following the global financial crisis, banks in Europe found themselves in considerable strife.
25 April 2016
EY adds FinTech expert Richard Goold to UK legal team EY has picked up FinTech expert Richard Goold, who joins the firm from Wragge Lawrence Graham & Co, and is appointed as Partner and lead for its UK Tech and FinTech practice.
24 March 2016
UK FinTech capital of the world, but competition is heating With a market value of around £6.6 billion, the UK can across the board call itself the FinTech capital of the world.
29 February 2016
EY: Islamic banking growth on the increase across globe Islamic banking, termed participant banking, is outgrowing conventional banking in many of the world’s predominantly Islamic countries.
19 January 2016
EY becomes the first Big4 member of Innovate Finance EY is the first of the Big Four to become a member of the Innovate Finance, an organisation whose aim it is to advance UK based FinTech. EY will help member companies to accelerate their growth and FinTech offerings, as well as helping larger resea
31 August 2015
EY launches Global Innovation Centre in Madrid, Spain Professional services firm EY has opened a Global Innovation Centre in Madrid, Spain.
28 July 2015
Alternative finance market booming, grows to 3 billion Alternative financial markets in Europe came in at €2.9 billion in 2014, with a 144% growth since 2013, a recently released report between EY and the University of Cambridge reveals. With the UK providing the overlarge segment of
02 March 2015
EY replaces Deloitte as Royal Bank of Scotland auditor EY has been selected by Royal Bank of Scotland to replace Deloitte as its auditor as of 2016. The decision follows new regulations that require companies to switch auditors every decade. As a result of EY’s new co
07 November 2014
EY: Bitcoin game changer for financial industry Bitcoins have the potential to be a game changer for the financial services industry. If the governments and the financial sector find the right way to regulate the digital currency munt, then the chances of this happening are relatively high, conclude
16 December 2013
Spain is hiring Big4 firms for independent audit banking Spain has picked the "Big Four" accounting and consulting firms PwC, Deloitte, KPMG and Ernst & Young to carry out independent detaile
07 June 2012

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