Banking news in the UK | Page 10

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

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
Banks should fix back office complexity to secure profit Banks should focus on back office technologies in order for them to stay nimble and safe, meet regulatory requirement, and compete with start-ups, research by Accenture shows. According to the consulting firm, while on demand digital solutions for
21 September 2015
Global crowdfunding market now worth 30 billion Crowdfunding brought together more than $2.5 billion in capital across Europe last year, of which nearly $2 billion was raised in the UK. The UK raises funds well above levels seen in Europe – bringing in an averag
14 September 2015
BNP Paribas turns to Oliver Wyman and BCG for revamp To revamp its costs-to-income profile, French bank BNP is seeking to cut costs by 20% by 2019, while also increasing revenues. To bring its ambition to reality, the bank hired consultancies Oliver Wyman and the Boston Consulting Group. Already set
01 September 2015
EY becomes the first Big4 member of Innovate Finance EY is the first of the Big Four to become a member of the Innovate Finance, an organisation whose aim it is to advance UK based FinTech. EY will help member companies to accelerate their growth and FinTech offerings, as well as helping larger resea
31 August 2015
Michael Vallance bolsters Banking practice of Capco Capco has boosted its Banking practice with the appointment of Financial Services expert Michael Vallance as Managing Principal. Vallance, who has extensive experience in the banking sector, including at Citi and Santander, will cover Capco’s
24 August 2015
Collaborative ventures on the rise in financial services industry A curious cultural shift is taking place when it comes to problem-solving in the financial services industry, writes Joe Channer, CEO of consulting firm Delta Capita.
18 August 2015
Islamic Finance expected to grow to 3 trillion by 2018 Islamic finance has been growing rapidly over the past decades, reaching $1.8 trillion in 2014 and is expected to exceed $3 trillion by 2018.
13 August 2015
BCG helps Italian central bank with setup of bad bank The Italian central bank has hired The Boston Consulting Group to develop and establish a ‘bad bank’ asset management company, that will be used to deal with the pile of non-performing loans on the b
10 August 2015

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