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Banking news in the UK | Page 2

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

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
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

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