Banking news in the UK | Page 3

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

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
11 billion transactions shift to digital payments by 2023 The dramatic shift of consumers away from the use of cash has accelerated once again amid the Covid-19 pandemic.
03 December 2020
5 ways banks can use AI to better serve their customers Emerging technologies such as artificial intelligence – or AI – and deeper AI techniques including machine learning and deep learning are touted to transform the banking industry.
19 November 2020
Two-thirds of UK banks have no net zero target While a glut of private and public entities have been publicising plans to become carbon neutral before 2050, a new study has revealed that only around one-third of Britain’s largest banks have net z
09 November 2020
Coeus Consulting supports challenger bank with digital journey Professionals from Coeus Consulting have helped a client in the banking sector find a digital partner, who will help modernise the bank’s core platform to adapt for the challenger bank market.
09 November 2020
Half of UK financial services staff want shift to flexible working More than one-quarter of finance workers want to work from home full time once Covid-19 passes, while one-in-ten are looking to relocate following the pandemic.
04 November 2020
Global market size of digital payments industry soares The number of non-cash transactions, or digital payments, soared worldwide last year to surpass 700 billion – adding up to nearly 100 digital transactions on average in a year for each person on earth.
29 October 2020
Neil Ward & Associates signs partnerships in Europe and Asia UK-based consulting firm Neil Ward & Associates has in the past weeks bolstered its offerings with two new international partnerships.
19 October 2020
European FinTechs face 'existential threat' as funding dries up Despite years of hype declaring FinTech investment was set to experience some endless boom, the bubble looks set to burst amid the current recession.
12 October 2020
How Covid-19 is changing the operations of UK banks The UK banking sector has had to adapt quickly to cope with the challenges of the coronavirus pandemic, with three-quarters of financial sector leaders saying their organisation has become more innov
08 October 2020
PA Consulting supports FCA and Bank of England PA Consulting has partnered with Suade Labs to support the Financial Conduct Authority and Bank of England on reviewing pioneering Digital Regulatory Reporting initiative.
29 September 2020
Extended Reality offers financial services huge opportunities The use of Extended Reality has the potential to disrupt the financial services industry, according to a new report by Synechron.
23 September 2020
UBS calls in McKinsey to explore merger with Credit Suisse Swiss financial giant UBS has reportedly tapped consultants from McKinsey & Company to draw up plans for a mega-merger with rival wealth manager Credit Suisse.
22 September 2020
What lies ahead for cloud adoption in financial services Cloud programmes across the financial services industry have seen significant acceleration in terms of adoption over the last few years.
15 September 2020
Quarter of bank branches will close in coming three years The number of bank branches in Europe has declined dramatically over the past decade, from 240,000 a decade ago to around 165,000 today.
14 September 2020
Consultants hired to check Covid-19 rescue loans for fraud The British Business Bank has hired professionals from RSM and KPMG to examine the recipients of its emergency loans amid the Covid-19 lockdown.
03 September 2020
Convedo supports Australian FinTech with banking infrastructure Canary Wharf based IT consultancy Convedo has supported Australian FinTech Hay Technology with the launch of its own challenger bank service.
27 August 2020
Accenture to help Bank of England with payments overhaul The Bank of England has hired IT consulting firm Accenture to refresh a key part of the UK’s crucial payments system in a deal worth up to £150 million.
14 August 2020
Retail banks adjust to challenge of FinTechs Traditional banks have increasingly lost clientele to originally non-bank, new players on the market, in recent years.
11 August 2020

1
2
3
4
5
6
7
»

Out now!

Consultancy.org App

Improve your experience.

Now available in your app store.

AppStore

GooglePlay

About Consultancy.uk

Consultancy.org network

Consultancy.org network

Consultancy.org

Consultancy.org is the world’s premier online platform for the consulting industry with 12 websites globally. Consultancy.org works with 600+ leading consultancies in 100+ countries.

AppStore

GooglePlay