Banking news in the UK | Page 4

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

New technology platform cuts operational KYC costs 40% International consulting firm Delta Capita has launched a new platform that according to the firm can help banks lower their KYC operational costs by up to 40%.
30 July 2020
How Covid-19 will shift priorities across the financial services industry Amid a health, societal and economic crisis, financial services will be looked to as a pillar of recovery by governments, organisations and individuals alike.
21 July 2020
AI helps HSBC cut false alarms from flagged payments An AI tool designed and implemented by KPMG has enabled HSBC to save nearly a quarter of its sanctions monitoring spend.
16 July 2020
Telecom, hi-tech and banking are digital transformation leaders A new study has found that the telecom, hi-tech and banking industries are the current trend-setters, when it comes digital transformation.
24 June 2020
British Business Bank hires Deloitte, KPMG and PwC Three of the Big Four accounting firms have won contracts to support the British Business Bank, which will pay out £20 million in consulting fees for their work.
17 June 2020
Employee focus critical for banks during remote working Employee engagement was already a challenge for banks before the outbreak of the Covid-19 pandemic, but with the unfolding of the crisis and its impact, the challenge has only become bigger.
04 June 2020
McKinsey partner Chira Barua joins HSBC as Head of Strategy Chira Barua, a partner at McKinsey & Company, has joined HSBC as Group Head of Strategy.
02 June 2020
Strategic challenges of cloud adoption in financial services While the move to the cloud was already well underway in financial services, the outbreak of the covid-19 pandemic has accelerated the need for virtual organising, and in it slipstream cloud-based working.
28 May 2020
Delta Capita secures SFTR compliance contracts in UK and US Delta Capita has secured large contracts with UnaVista and The Depository Trust & Clearing Corporation.
26 May 2020
Banks unprepared for FinTech collaborations The legacy IT systems of banks may be preventing effective collaborations with FinTechs; with just 6% of banks currently achieving their desired ROI on such ventures.
23 April 2020
Four ways how AI can benefit the financial services industry The advent of artificial intelligence (AI) is providing financial services institutions with major opportunities for improving their client offerings, operations and compliance.
02 April 2020
Capco helps MyBnk with launch of financial education app Consultancy Capco has teamed up with financial education provider MyBnk to launch a new app teaching children to understand basic elements of personal finance.
18 March 2020
Neobanks struggle to turn popularity into profit Digitally savvy neobanks in the UK have seen their customer-base grow rapidly in the last year, adding around 6 million new users.
17 March 2020
UK financial institutions should prepare for an EU license When the transition phase between the EU and the UK retires at the end of this year, many UK financial services institutions will need to have a ‘license to operate’ in mainland Europe.
16 March 2020
PwC appointed to probe Goldman Sachs reporting The Prudential Regulation Authority (PRA) is understood to have appointed PwC to undertake a "skilled person's report" on Goldman Sachs International.
03 March 2020
Grant Thornton forms IBOR transition partnership The UK wing of professional services firm Grant Thornton has forged an innovative and strategic collaboration with legal firm Konexo, and DXC Technology to provide an integrated solution to the Inter
17 February 2020
Banking trends to watch: digital and customer transformations Jonathan Shawcross, Managing Director of Banking at performance improvement consultancy Gobeyond Partners, reflects on two major trends set to impact UK’s banking scene this year.
05 February 2020
Inject data science into KYC for improved client insights Data science is changing the customer landscape in financial services.
29 January 2020
AI can boost financial services revenue by $140 billion Artificial intelligence brings lots of promises to the financial services industry, including a way to address the scarcity of workers who possess data analytics, cybersecurity, and AI skills.
10 January 2020
Generation Z unmoved by offerings of challenger banks Simply appealing to young people’s tendency to use apps to streamline everyday activities does not seem to be winning challenger banks must business among Generation Z, according to a new study.
09 January 2020
How RPA can benefit banking and the public sector RPA one of the fastest adopted technologies. Can bring rise to positive impact on cost reduction, productivity, accuracy, data analysis and decision-making and will spearhead digital transformation.
02 December 2019
Financial services could unlock $700 billion by better serving women Financial services companies are costing themselves as much as $700 billion every year by failing to take adequate steps to better understand the needs of female clients.
27 November 2019
Brexit and beyond: The challenges for banks and consultancies As the political drama of Brexit continues to unfold, and the future of the UK’s position in Europe remains unclear, businesses across Europe are still in the dark over what will happen next.
20 November 2019
10 ways challenger banks can differentiate themselves Based on a benchmark of the digital maturity of 160 retail and commercial banks from 20 countries, Accenture have identified what factors differentiate digital leaders from the rest.
19 November 2019
The Co-operative Bank renews outsourcing contract with Capita Global professional services firm Capita has announced that it has renewed its contract with The Co-operative Bank to run its mortgage servicing operation in the UK.
06 November 2019
McKinsey's Communications Director Steve John joins HSBC McKinsey & Company Partner Steve John will step down from his role leading the strategy consulting giant’s global communications efforts to join HSBC as the bank’s group Chief Communications Officer.
25 October 2019
UK digital-only banks could amass 35 million customers Digital-only banks operating in the UK are set to experience massive growth over the next year, and if their current rates of growth continue they could have 35 million global customers by 2020, acco
13 September 2019
Four trends sweeping through the banking industry A new survey of top banking industry figures has found that four key trends dominate the agenda of the UK’s key financial institutions.
19 August 2019
Financial sector focuses on digitalisation over Brexit preparations The financial service sector in the UK continues to face tough market conditions, with Brexit uncertainty and regulatory change on the horizon.
05 August 2019
Synechron Data Science solution to tackle LIBOR benchmarking Synechron has launched a LIBOR accelerator which uses Data Science to address the challenges of financial sector benchmarking.
29 July 2019
'Nouveau riche' present key opportunity for wealth managers As competition heats up, new opportunities are on the horizon for wealth management experts, as the number of affluent individuals grows globally.
11 July 2019
HSBC executive joins Delta Capita as Head of KYC business Gary McClure has joined financial services professional services firm Delta Capita in its London office. The former HSBC executive will per September head Delta Capita’s KYC services business.
04 July 2019

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