Banking news in the UK | Page 2

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

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
IBS Intelligence hosts NextGen Core Banking Summit 2022 Next month, IBS Intelligence is hosting its NextGen Core Banking Summit 2022, one of the leading business events for technology leaders and subject matter experts in the world of banking.
31 May 2022
Grant Thornton joins alliance to aid crypto-fraud victims As the market for crypto-currency attracts more and more investors, fraudsters are also flocking to the technology in the hopes of exploiting newcomers.
13 May 2022
Most consumers do not trust cryptocurrencies The tumultuous cryptocurrency market continues to attract investors from around the world – chasing an unlikely jackpot amid scams and regular value collapses.
12 May 2022
Trust in FinTechs an opportunity for banking sector 15 years after the global financial crisis, bank customers are often still unconvinced that their money is safe.
10 May 2022
The time is now for corporate banks to become truly digital New-age competition and changing client expectations are putting pressure on the current business model of corporate banks.
03 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
Cloud not only reduces costs for banks, but also boosts profitability Cloud computing helps banks find savings on their bottom line – but a new study suggests the more important factor in their use is that they can boost profitability.
07 March 2022
Four steps for financials to meet climate disclosure requirements From the 6th of April 2022, the largest UK registered companies and financial institutions will be required to share climate-related information on a mandatory basis in their annual financial reports
18 February 2022
ESG investment key for banks to beat earnings spiral European banks have largely improved their cost base at a rate that largely negates falls in revenue.
25 January 2022
Wholesale banking’s data-driven journey to client centricity Facing growing competition and changing customer requirements, wholesale banks are under pressure to become more client centric.
24 January 2022
Grant Thornton and Pinsent Masons partner in open banking space Grant Thornton has collaborated with law firm Pinsent Masons to support effective data sharing across the financial services sector.
19 January 2022
Grant Thornton collaborates on digital learning and banking offerings Professional services firm Grant Thornton has collaborated with Vizolution to launch a new digital transformation service.
13 December 2021
Digitisation a golden opportunity for sustainability in banking With greater transparency in financial services, and increased customer demands around tackling climate change, banks face growing pressure to prioritise environmental, social and corporate (ESG) str
04 November 2021
Customer loyalty a missed opportunity for digital-first banks Jehan Sherjan, Insights Director at business advisory SRM Europe, outlines why customer loyalty – or more precisely, failing to build a loyal consumer base – is a missed opportunity for digital banks
26 October 2021
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

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