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Former McKinsey boss Kevin Sneader joins Goldman Sachs
The former Global Managing Partner of McKinsey & Company has been tapped to co-lead the Asia Pacific wing of Goldman Sachs. The move sees Kevin Sneader relocate to Hong Kong.
17 September 2021
UK banks could find £6 billion in savings via vendor contract reviews
Contract reviews in European banking are currently much rarer than in the US, but this will need to change if the continent’s financial industry wants to remain competitive.
26 July 2021
The Youth Group taps Oliver Wyman for digital bank creation
Oliver Wyman will work as lead advisor to The Youth Group, as it looks to create a new digital bank for Gen Z.
15 July 2021
Kroll appointed as liquidator of G-Rock
Gibraltar based internet banking platform G-Rock has been forced into liquidation, after losing its limited licensing.
22 June 2021
Pandemic hamstrings sustainability efforts of UK banks
Many UK banks are pushing sustainability down the agenda due to Covid-19, according to a new report.
16 June 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
Oliver Wyman named world’s top advisory firm to central banks
Global strategy and management consulting firm Oliver Wyman has bagged a major award in the financial services industry, named the top consultancy to central banks around the world.
28 April 2021
British Business Bank spent millions on management consultants
The British Business Bank has splashed out millions on management consultants in corona year 2020.
26 April 2021
Nine-in-ten bank boards lack professional technology experience
Around 90% of board directors at leading banks have confessed to lacking professional technology experience.
06 April 2021
Davy taps A&M for forensic investigation into operations
Alvarez & Marsal has been appointed by Davy to carry out an independent internal review of its operations, including relevant staff trading, over the past seven years.
30 March 2021
Why banks should start preparing for operational resilience
Regulatory activity in the financial services industry is undergoing a profound shift to focus on risks arising from technology.
16 March 2021
Why data and strategic procurement are key for digital banking
As the UK emerges from the latest lockdown, what does reality look like for today’s banks? In short, the answer is – a challenging one, writes Toby Munyard, Vice President at Efficio Consulting.
09 March 2021
Bovill adds Qomply’s solutions to regulatory consultancy offering
Bovill has agreed a partnership with Qomply, enabling the firm to add Qomply’s regtech solutions to its financial services regulatory consultancy offering.
11 February 2021
10 powerful women in professional services: Wealth industry
City Wealth has unveiled the 2021 edition of its annual ‘Powerwomen’ list – a list of female leaders in the UK’s asset and wealth management sector.
04 February 2021
Open Finance presents major opportunities for financial services
Around 4 out of 10 individuals in the UK feel anxious, worried or stressed about their financial situation.
19 January 2021
Covid-19 aftermath could wipe off $4.7 trillion from banking sector
The global banking sector faces a multi-trillion stress-test in the coming three years, according to a new review of the industry by consulting giant McKinsey & Company.
13 January 2021
Pricing model change needed post-Libor
With massive regulatory changes ahead for the financial services sector with regards to pricing, many operators are still looking to adapt to the situation with an outdated siloed approach.
16 December 2020
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
5 ways banks can use AI to better serve their customers
Emerging technologies such as artificial intelligence – or AI – and deeper AI techniques including machine learning and deep learning are touted to transform the banking industry.
19 November 2020
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
Coeus Consulting supports challenger bank with digital journey
Professionals from Coeus Consulting have helped a client in the banking sector find a digital partner, who will help modernise the bank’s core platform to adapt for the challenger bank market.
09 November 2020
Half of UK financial services staff want shift to flexible working
More than one-quarter of finance workers want to work from home full time once Covid-19 passes, while one-in-ten are looking to relocate following the pandemic.
04 November 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
Neil Ward & Associates signs partnerships in Europe and Asia
UK-based consulting firm Neil Ward & Associates has in the past weeks bolstered its offerings with two new international partnerships.
19 October 2020
European FinTechs face 'existential threat' as funding dries up
Despite years of hype declaring FinTech investment was set to experience some endless boom, the bubble looks set to burst amid the current recession.
12 October 2020
How Covid-19 is changing the operations of UK banks
The UK banking sector has had to adapt quickly to cope with the challenges of the coronavirus pandemic, with three-quarters of financial sector leaders saying their organisation has become more innov
08 October 2020
PA Consulting supports FCA and Bank of England
PA Consulting has partnered with Suade Labs to support the Financial Conduct Authority and Bank of England on reviewing pioneering Digital Regulatory Reporting initiative.
29 September 2020
Extended Reality offers financial services huge opportunities
The use of Extended Reality has the potential to disrupt the financial services industry, according to a new report by Synechron.
23 September 2020
UBS calls in McKinsey to explore merger with Credit Suisse
Swiss financial giant UBS has reportedly tapped consultants from McKinsey & Company to draw up plans for a mega-merger with rival wealth manager Credit Suisse.
22 September 2020
What lies ahead for cloud adoption in financial services
Cloud programmes across the financial services industry have seen significant acceleration in terms of adoption over the last few years.
15 September 2020
Quarter of bank branches will close in coming three years
The number of bank branches in Europe has declined dramatically over the past decade, from 240,000 a decade ago to around 165,000 today.
14 September 2020
Consultants hired to check Covid-19 rescue loans for fraud
The British Business Bank has hired professionals from RSM and KPMG to examine the recipients of its emergency loans amid the Covid-19 lockdown.
03 September 2020
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