Banking news in the UK

An overview of news, trends and research in the Banking industry in the UK:

TCS strikes deal with Chorley Building Society Tata Consultancy Services has announced a new deal with Chorley Building Society to digitally transform its core banking system and support the society's growth plans.
27 December 2024
OSB Group partners with Publicis Sapient for new digital savings platform OSB Group has launched a new digital savings platform, helping customers to open and fund an account in minutes .
16 December 2024
Bank lending to return to growth in 2024 despite inflationary pressures Bank lending to UK businesses and households to return to growth this year, and accelerate over 2025 and 2026, according to a new report from EY.
22 November 2024
One-third of customers would change bank after outage A new survey delving into technical failures within the financial services industry, and consumer attitudes towards them, has revealed a growing number of UK consumers have been hit by a technology f
30 July 2024
Financial services sector most mature in cybersecurity Financial services players are the most mature in terms of their cyber-security infrastructure, according to a new study from Wavestone.
16 July 2024
Only 14% of financial services firms have AI in corporate strategy The benefits of artificial intelligence for the financial services sector are supposedly massive.
19 June 2024
Digitalisation and cloud technology are key in tomorrow’s banking sector In today’s fast-paced world, digital transformation isn’t just a trend; it has become key for survival.
02 April 2024
AI in banking could yield $1 trillion revenue improvements Artificial intelligence could boost revenues in the banking sector by as much as $1 trillion by 2030, according to industry leaders.
11 March 2024
Banks face an ongoing challenge against cyber attacks International research from ServiceNow shows that banks face an ongoing challenge to protect their systems from sophisticated attacks.
21 February 2024
Zühlke partners HSBC UK on mobile wealth management service Global bank HSBC has turned to European consulting firm Zühlke for help transforming its mobile wealth management offering to UK customers.
22 January 2024
Interest in Digital Euro remains low among EU consumers The conversation around digital currency might have cooled significantly from its pre-pandemic zenith, but the European Union is still pushing ahead with the planned launch of its ‘Digital Euro’.
15 January 2024
Banks enjoying highest profits since 2008 global financial crisis Banks worldwide are currently enjoying a record profit windfall – the highest seen since the 2008 global financial crisis, according to analysis by McKinsey & Company.
16 October 2023
Non-cash transactions to reach 2.3 trillion by 2027 Non-cash transactions look set to continue their meteoric rise in the coming four years – over which time their volume is are forecast to pass 2 trillion per year.
05 October 2023
UK dealmakers expect inflation to sink to 2% before 2026 UK dealmakers are clashing with the Bank of England over its monetary policy – with 32% calling on the institution to lower interest rates, as they expect inflation will sink to 2% in the next two ye
04 October 2023
Santander ditches EY as financial crime consultant Spanish financial giant Santander has received a refund from EY, after a project involving the firm’s financial crime team allegedly went wrong.
03 October 2023
Partnerships present key opportunity to investment banks Investment banks face a difficult market, with declining revenues and a need to digitalise services.
28 August 2023
Delta Capita to bring Citi's QMA solution to banking sector Global banking institution Citi has sold its in-house solution for digital communications workflow management (QMA) to Delta Capita, as part of their dual aim to scale and commercialise the product a
26 July 2023
Operational excellence in investment banking through partnerships In today’s rapidly evolving landscape, investment banks are increasingly struggling to maintain operational excellence.
24 July 2023
AML compliance struggles and how companies can overcome them A recent survey into anti-money laundering (AML) has found that 60% of companies are struggling with staying ahead of AML regulatory changes and ensuring effective compliance.
30 June 2023
FCA failing to apply powers for sanctioning misconduct under SMCR Despite being in place for over seven years, only one enforcement action has been taken since the introduction of the Senior Managers and Conduct Regime.
12 June 2023
Barclays selects Boston Consulting Group for strategy refresh Consultants from Boston Consulting Group have been selected for a new strategic review with Barclays.
05 June 2023
The future of retail banking in four industry scenarios The world of retail banking is set for change in the coming years, with niche players, neobanks, FinTechs and big techs all seeking to grow their slice of the cut.
15 February 2023
Will the neobank business model weather the storm? Is the neobank bubble about to burst? Marouane Bakhtar, Managing Director and Head of Banking at financial services consulting firm Synpulse, asks whether neobanks and their business models will be a
24 January 2023
LHV UK selects Jaywing to boost cloud data infrastructure As LHV UK pursues a UK banking license, it has tapped the expertise of risk and datascience consultancy Jaywing. The consultancy will now work to create LHV UK’s cloud-based data infrastructure.
06 January 2023
Digital wallet use still low in UK as cash remains king Despite continued hype for an approaching ‘cashless-society’, physical currency remains a dominant payment method for consumers around the world.
22 December 2022
Coeus Consulting helps specialist bank streamline digital processes Advisors from Coeus Consulting have played a key role in a digital transformation, which has delivered a cash positive business in just 20 months.
22 December 2022
Teneo takes on administration of Russian bank's UK arm The British unit of Russian bank VTB has been placed in administration, after it was stung by sanctions following Russia’s military invasion of Ukraine.
15 December 2022
Jon W. Harvey on how banking C-suites are adapting to AML change With financial services operators still struggling to comply with major Anti-Money Laundering regulatory shifts, it is vital that banks – both in Europe and around the world – build new strategies to
06 October 2022
The world's leading financial technology (fintech) vendors and solutions IBS Intelligence, a leading research intelligence group dedicated to the financial technology landscape, has revealed the 2022-edition of its highly anticipated list of top banking technology supplie
06 September 2022
Banks need data to fuel growth and customer experience strategies As customers pivot to competitors offering more personalisation, many retail banks are struggling to provide omnichannel experiences.
25 August 2022
Banks gearing up ESG plans but struggle with regulatory reporting Banks are looking to boost sustainability measures, as a means of improving their reputation, and attracting customers from more climate-conscious younger generations.
15 July 2022
Leaders in Finance Announces European AML Event It is the ideal time to bring money laundering fighters together in one central place: the Leaders in Finance AML Europe Event, on September 22nd, in Brussels.
07 June 2022

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