PwC | News | Financial Services

An overview of PwC news in the UK in the Financial Services industry:

Most central banks considering own digital currency One-in-eight of the world’s central banks have considered launching a central bank digital currency, according to a new study.
21 April 2022
Two-thirds of UK banks have no net zero target While a glut of private and public entities have been publicising plans to become carbon neutral before 2050, a new study has revealed that only around one-third of Britain’s largest banks have net z
09 November 2020
PwC and legal advisers help Travelex restructure its debt Professional services firm PwC has clinched a restructuring deal for Travelex, which appointed administrators earlier in August. The news safeguards around 1,800 jobs in the UK.
17 August 2020
British Business Bank hires Deloitte, KPMG and PwC Three of the Big Four accounting firms have won contracts to support the British Business Bank, which will pay out £20 million in consulting fees for their work.
17 June 2020
Financial services incumbents thrive amid industry disruption While digital disruption has upended many customer-centric businesses, financial services incumbents have more than weathered the storm.
12 February 2020
Financial sector focuses on digitalisation over Brexit preparations The financial service sector in the UK continues to face tough market conditions, with Brexit uncertainty and regulatory change on the horizon.
05 August 2019
Brexit and looming economic crisis hit financial services optimism The levels of optimism among the UK’s financial services sector remains at a worrying low, according to a new report co-authored by the country’s representative body for business interests.
21 January 2019
Women in financial services look for policy change for career support Over 50% of those polled in a new survey believe that an employee’s gender and or diversity can be a barrier to career progression in financial services.
12 October 2018
Drones to add £21 billion to UK public sector and financial services New research by PwC suggests that the ‘drone economy’ could add £42 billion to UK GDP by 2030.
29 May 2018
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
Yorkshire-based motor dealership aims to sue PwC and Lloyds bank for £55 million PwC and Lloyds Banking Group are set to face a £55 million legal battle with a motor dealership which will alleges they colluded to force it out of business.
15 March 2018
Oliver Wyman and PwC named insurance consulting firms of the year Reactions Magazine, a global publication for the insurance and reinsurance trade industry, has named Oliver Wyman and PwC consulting firms of the year during its annual awards ceremony.
23 October 2017
PwC and Arc-Net use blockchain to combat food fraud Global consultancy PwC and the Northern Irish Arc-Net will gather their knowledge to help the food industry fight fraud.
22 September 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
PwC appoints leaders for Analytics, AI, Cybersecurity and FinTech arms In a bid to expand its footprint in the rapidly growing digital and technology-led innovation space, PwC, one of the major players in the field, has in recent weeks appointed a number of new senior t
09 May 2017
FinTechs and incumbent FS firms increasingly leveraging partnerships The financial services landscape is becoming increasingly diverse as FinTechs develop new technologies and business models to woe customers away from incumbent financial players.
10 April 2017
Top 10 technology forces that will shape financial services in 2020 Ciaran Kelly, partner at PwC in Ireland, analyses the findings of a report on the real-world implications of FinTech for financial services firms and the areas these firms should prioritise.
03 October 2016
FinTech spurring banks and payments companies into active change A rapidly transforming payments and funds transfer space, through the possibilities opened by digital technologies – is spurring incumbents to act.
26 September 2016
FinTechs are growing concern for incumbent banks, collaboration is key Incumbent banks are concerned that FinTech startups will start to eat into their business, a new study finds.
05 September 2016
Brexit risks London losing its top spot in Europe for financial services London may lose its rank as the most attractive destination for financial services firms in Europe, following a possible Brexit.
29 August 2016
Wealth managers overestimate their skills and face digital disconnect Wealth managers seeking to please their HNWI clients may need to consider how changes in demographics are affecting expectations around technology.
30 June 2016
Andrew Kail leads Financial Services practice of PwC in UK PwC’s UK Financial Services practice has, per 1 July 2016, appointed Andrew Kail as its new leader. Kail, who succeeds Kevin Burrowes, has more than 25 years of financial services experience.
27 June 2016
FinTech is disruptive, but creates both risks and opportunities FinTech presents the financial services with both risks and opportunities.
21 March 2016
PwC establishes blockchain team at its Belfast office The potential for blockchain technologies, the public ledger underlying cryptocurrencies like bitcoin, in the financial and public sectors are significant.
09 February 2016
PwC: Correspondent banking facing existential crisis Following the 2008 banking crisis and the more recent Libor rating scandal, as well as the increasing sophistication of international criminal syndicates, regulators have clamped down on internationa
04 February 2016
Biggest share of tax paid by banks from employment Foreign banks pay the biggest share of tax collected, from the banking industry, to the HMRC, with the largest contribution coming in from taxes collected from their employees’ wages, research by PwC
05 October 2015
Towers Watson appoints PwC as auditor for LifeSight Towers Watson has appointed PwC as auditor for LifeSight, its DC master trust for the UK market.
14 July 2015
PwC boosts Pensions Investment Advisory Business PwC has boosted its Pensions Investment Advisory business with the appointment of Nikesh Patel as Senior Manager Investment Risk.
10 July 2015
Simon Hunt leads PwC Banking and Capital Markets unit PwC has appointed Simon Hunt as its new UK banking and capital markets leader. Hunt will focus on advising PwC’s UK clients on the challenges they might face in the changing banking landscape following regulatory reforms and rapidly developin
06 July 2015
PwC: Financial services unattractive for young females Female millennials are less inclined to join the financial services industry as they feel this sector lacks in diversity, something that is high on their wish-list when it comes to choosing an employer, research by PwC shows. According to the firm,
29 June 2015
PwC: Top three challenges for global capital markets Increasing the profitability of clients, the impact of technologies and attracting and retaining talent are the top three challenges for traditional capital market players as is shown by PwC.
16 June 2015

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