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Payments news in the UK

An overview of news, trends and research in Payments consulting in the UK:

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Accenture Alvarez & Marsal Analysys Mason Ayming Bain & Company BearingPoint BJSS Campbell Tickell Capgemini Invent Cedar Management Consulting CIL Management Consultants Coeus Consulting Collinson Grant COMATCH Cordence Worldwide Curzon Consulting Deloitte Delta Capita Develop Consulting dss+ EFESO Consulting Elixirr Emerton Fairgrove Partners FTI Consulting Genioo GEP HKA Humatica Korn Ferry KPMG L.E.K. Consulting LanciaConsult Maine Pointe Marktlink Mason Advisory McKinsey & Company Metyis Netcompany Nextcontinent NMS Consulting North Highland Nous Group OC&C Strategy Consultants Oliver Wight Oliver Wyman PA Consulting Procura Consulting Prospectus PwC Q5 Roland Berger ThreeTwoFour umlaut Valcon West Monroe Yonder Consulting Zanders

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Interviews 1 M&A in consulting 2 Milestones 1 Partnerships 4 People 1

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Banking 25 Financial Services 26 Food & Beverage 1 Insurance 1 Oil & Gas 1 Technology 5 Telecom 1

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Artificial Intelligence 1 Blockchain 2 Crisis 1 Economy 1 Emerging Markets 1 FinTech 6

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Capita agrees to sell Pay360 to Access Paysuite Professional services firm Capita has agreed to the sale of its payments company, Pay360.
29 September 2022
Amdaris partners with payments platform Stripe Bristol-headquartered digital transformation specialist Amdaris has agreed a partnership with financial platform Stripe.
09 August 2022
Buy-now-pay-later firms brace for financial storm With economic conditions tightening, and investors becoming increasingly wary of risk, the buy-now-pay-later could be on the verge of bursting.
06 June 2022
Payments giant Stripe names Be a consulting partner Global payments provider Stripe has admitted Be | Shaping the Future into its newly launched partner ecosystem.
04 May 2022
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
Mastercard launches major recruitment drive for crypto consultants As Mastercard prepares for a future where cryptocurrency is more regularly traded, it has commenced a 500-strong recruitment drive within its payments consulting practice.
25 February 2022
WeSwap rescued from administration following Blackthorn deal After becoming a victim of the global collapse in travel, currency exchange firm WeSwap has been saved from administration.
08 December 2021
'Buy Now Pay Later' purchases take off in the UK With stagnating pay and soaring inflation pushing the majority of citizens toward relying on credit to make ends meet, Buy Now Pay Later vendors are finding the UK to be a fruitful market.
11 November 2021
11 billion transactions shift to digital payments by 2023 The dramatic shift of consumers away from the use of cash has accelerated once again amid the Covid-19 pandemic.
03 December 2020
Global market size of digital payments industry soares The number of non-cash transactions, or digital payments, soared worldwide last year to surpass 700 billion – adding up to nearly 100 digital transactions on average in a year for each person on earth.
29 October 2020
Accenture to help Bank of England with payments overhaul The Bank of England has hired IT consulting firm Accenture to refresh a key part of the UK’s crucial payments system in a deal worth up to £150 million.
14 August 2020
AI helps HSBC cut false alarms from flagged payments An AI tool designed and implemented by KPMG has enabled HSBC to save nearly a quarter of its sanctions monitoring spend.
16 July 2020
CGI partners with Ordo for innovative payments service Global IT consultancy CGI has established a new partnership with Ordo to deliver a sector and flexible payments service.
05 June 2019
PA expands payments team with new Partner appointment International professional services firm PA Consulting has expanded its payments team with the hire of a new Partner from Capgemini.
22 February 2019
Regulatory and operational barriers to digital payment remain While demand for digital payments soars, particularly in developing markets, regulatory and operational requirements remain barriers to innovation.
22 October 2018
Interview: Paul Marcantonio, Head of UK & Western Europe at ECommPay Paul Marcantonio is Head of UK & Western Europe at ECommPay, a payment service provider.
17 October 2018
Grant Thornton confirmed for administration of payday loan firm Wonga Controversial pay day lender Wonga has collapsed into administration, following a slew of compensation claims which rocked the company in recent years.
04 September 2018
Banks payment revenues to hit $1 trillion by 2026 Banks’ payment segments are set to see strong growth in retail and wholesale markets on the back of booming emerging markets – boosting revenues by $1 trillion to 2026.
05 January 2018
Blockchain technology is not just for financial services If global supply chains are to gain the full benefit of blockchain technology for managing payments and related data, all parties that play a role in global trade must be involved, writes Alexander v
24 July 2017
Blockchain Technology: How it works, main advantages and challenges The market entry of blockchain technologies is touted as one of the most disruptive forces for the financial services industry and beyond, according to analysts, set to radically transform the way tr
25 May 2017
Accenture acquires payment advisory First Annapolis Consulting In the face of increasing demand from financial services institutions across the globe looking to develop solutions in the payments space, First Annapolis Consulting was recently acquired by Accentur
27 March 2017
The potential of blockchain as a future financial services infrastructure The potential for blockchain technologies to create considerable disruption in the financial services industry has created considerable hype, as well as spurred considerable effort to explore the phenomenon.
02 March 2017
Boudewijn Schenkels and Paul Alfing join Payments Advisory Group Payments Advisory Group, a Netherlands-based consultancy specialised in the payments industry, has in recent months added two new senior consultants to its ranks: Boudewijn Schenkels and Paul Alfing.
04 November 2016
Accenture: Digital payment systems rise slowly as awareness grows Digital payment systems are becoming more prevalent, as new technologies are rolling out. Consumers switching to the new systems remains key to their success.
26 October 2016
BearingPoint helps ANNA with setup of Derivatives Service Bureau The Association of National Numbering Agencies has hired consulting firm BearingPoint to help the organisation streamline the operations of its newly launched Derivatives Service Bureau.
25 October 2016
Global payments revenues to hit $2 trillion by 2025, emerging economies lead The global payments industry is set to enjoy revenue growth of more than $800 billion between now and 2025 on the back of strong growth within emerging markets.
11 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
Wait and see mode risks successful implementation of MiFID II The 12 month delay of MiFID II has propelled many financial services organisations into a ‘wait and see’ mode, on the back of continuing uncertainty and project teams which are struggling to maintain momentum.
26 September 2016
Fed hires McKinsey to support Faster Payments Task Force To support the development and roll out of new payment systems in the US, the US Federal Reserve launched the Faster Payments Task Force in 2015.
09 May 2016
LD&A Jupiter advises on sale of FinTech firm XXImo to Sodexo French multinational Sodexo has acquired XXImo, a Netherlands based FinTech startup. The deal – financial terms have not been disclosed – was advised on by corporate finance firm LD&A Jupiter.
29 March 2016
Implications of PSD2 XS2A adoption for banks industry For a bank to effectively operate amongst FinTech challengers, it should know exactly what it wants to be to its customers.
01 March 2016
Accenture expands financial services blockchain footprint Blockchain technology is estimated to have the potential to save the financial services industry up to $20 billion by 2021.
23 February 2016

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