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Banking news in the UK | Page 10

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

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
Oliver Wyman to advise on sale of rescued Italian banks Following the collapse of four Italian banks due to a range of bad loans, special EU sanctioned tools were instantiated to deal with their bad debts and recapitalise them in an orderly manner.
02 February 2016
It is not how much you spend on IT; it is how you spend it It is not how much you spend; it is how you spend it, finds recent research by McKinsey & Company into bank IT spending.
01 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
Banking executive Giles Kenwright joins Delta Capita UK Delta Capita has recently boosted its partner team with Giles Kenwright, who joins from Morgan Stanley, where he headed the bank’s global Operations Technology unit.
18 January 2016
Retail banking industry risks massive revenue plunge Facing increased competition for the lending market from a variety of new market entrants, as well as incumbents, retail banks have set high digital ambitions.
18 January 2016
Capgemini: Tech giants biggest threat to banking sector Investment priorities at traditional banks are moving more and more towards IT, as banks seek to meet customers’ high expectations and beat out competitors, research by Capgemini and Temenos shows.
14 January 2016
BCG: Transactional-banking revenues grow to 2 trillion The transactional-banking market is projected to grow $900 billion to almost $2 trillion by 2024, research by BCG shows.
06 January 2016
Business students dropping banking career aspirations The banking industry is losing popularity among business students as more and more are turning to software and computer services.
05 January 2016
Islamic finances face massive demand boom in Africa Africa is expected to see a massive population boom, many of whom will grow up Islamic. As such, demand for Islamic products and services on the continent are expected to rise in the coming years.
04 January 2016
Oliver Wyman 20x more expensive than Deloitte Bulgaria Over the past months, three consulting firms, Oliver Wyman, Deloitte and Mazars, bid against each other to win a major bank stress testing project for the Bulgarian central bank.
04 January 2016
West Monroe and nCino partner to offer cloud banking US-based nCino, a fast growing company that provides banking management system, has struck a partnership with West Monroe Partners.
28 December 2015
Infosys launches FinTech and services centres in Ireland The FinTech industry in Ireland, already running hot from a wide range of government policies and investor interest, is set to gain another boost.
18 December 2015
91% of banks recognise need for digitising retail banking Nine out of ten banks recognise the benefits of digitalisation for their retail business, research by BearingPoint shows.
17 December 2015
Boardrooms largest banks lack technology experience Less than 6% of boardroom members of the world’s largest banks have professional technology experience, research from Accenture shows. Of the more than 100 banks surveyed across the globe, 43% of boards had no member with professional technol
03 December 2015
FIS and SAP enable wireless payments at gas stations FIS and SAP have integrated their offerings to allow customers of petrol stations to pay for their fuel wirelessly without having to reach for their wallet.
26 November 2015
Nationwide awards five year IT contract to Capgemini Building society Nationwide has hired Capgemini to support it with transforming its key IT infrastructure.
23 November 2015
Berenschot partners with World Bank institution IFC International Finance Corporation, the globe’s largest development institution focused on the private sector in developing countries, has agreed a partnership with Berenschot, a leading consultancy i
10 November 2015
Banking in-person still preferred by many customers The proliferation of channels through which banking functions can be performed has increased in recent years with the development of a range of technologies. For some, this suggests doom to the traditional banking channel: the branch. A Protiviti r
10 November 2015
FIS launches Banking on Demand for financial inclusion Small financial players such as micro-finance companies provide means for millions of people to gain access to financial services, yet these institution often have difficulties meeting the requiremen
05 November 2015
BearingPoint, Capco & Deloitte EURO FINANCE partner From November 16-20 the EURO FINANCE WEEK takes place in Frankfurt.
29 October 2015
KPMG: Sustainable banking in a rapidly changing world Banks play a key role in society by providing the capital required for resources to be used and social engagements to flow.
28 October 2015
Collateral optimisation can help banks deal with interest rate changes Eight years on from the global financial crisis, and banks continue to face a growing number of challenges.
28 October 2015
Six ways retail banks can achieve digital success Retail banks need to do more to satisfy the expectations of digitally empowered consumers, as more than half are unsatisfied with the performance of their banking institution within the digital space. In a recent article, Cognizant considers six di
27 October 2015
Payments platform Ripple inks deal with Accenture Accenture has struck an alliance with Ripple, an enterprise company providing cross-currency settlement solutions for financial institutions.
22 October 2015
Synechron opens digital innovation center in Dubai Synechron has opened a digital innovation centre in the Middle East.
20 October 2015
Banks should do more to rise to the digital challenge Traditional banks have to go much further to rise to new reality in the banking landscape.
16 October 2015
Advisors earned 153 million from Irish banking crisis Between 2008 and the 2014 external advisors, lawyers and consultants supporting the Irish banking crisis racked in €152.7 million in fees.
13 October 2015
KPMG UK and Metro Bank provide new SME service Metro Bank and KPMG have joined forces to deliver a service to small business owners that reduces their administrative burden by more than 90%.
13 October 2015
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
Infosys launches Fintech solutions for Indian banks Infosys Finacle, part of EdgeVerve Systems, has launched a tailored suite of banking solutions for the Indian market.
01 October 2015
Alternative financer InvestDen strikes deal with KPMG Accounting and consulting giant KPMG and InvestDen have joined forces to provide entrepreneurs with improved access to capital and a range of service across the startup value chain.
28 September 2015

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