Banking news in the UK | Page 5

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

Asset management sector doubles holdings to $79 trillion in 10 years Asset managers had a strong 2017, as new money entered their catchments, global markets boomed and new products were developed.
31 October 2018
Bain supports banking consortium with blockchain platform Voltron Consulting firm Bain & Company has entered a partnership with a host of leading finance and technology brands to launch a new blockchain platform.
30 October 2018
Five reasons why the financial services sector hires consultants Banks, insurance companies, asset managers and other financial services institutions spend over £2.4 billion on external consultants.
22 October 2018
Regulatory and operational barriers to digital payment remain While demand for digital payments soars, particularly in developing markets, regulatory and operational requirements remain barriers to innovation.
22 October 2018
UK expects to lose 5,000 City jobs by Brexit deadline day Following a warning from the Bank of England that thousands of jobs could move to the continent by Brexit, the UK Government has responded by confirming some 5,000 roles could exit the financial serv
17 October 2018
Digital bank platforms rise as co-operation with FinTechs grows Banks are continuing to look at FinTechs for cooperation to develop and market, in order to head off new digitally capable competitors.
16 October 2018
David Gillespie new lead of Oliver Wyman’s banking practice in UK David Gillespie has been appointed as the new Head of our UK banking practice. Based in London, he will oversee all UK client relationships for the firm’s bank-focused offering.
09 October 2018
Financial institutions failing to detect cyber breaches for over a week The world of business has been working diligently to respond to a glut of cyber threats that have hit home in recent years.
27 September 2018
Banks to beef up their collaboration with FinTechs for innovation In the coming years, banks will even more closely work together with FinTechs.
25 September 2018
Growing number of junior bankers switching to MBB consultancies An increasing number of junior banking professionals are considering shifting to the world’s largest strategy consultancies, according to a number of young professionals in both sectors.
07 September 2018
Deloitte's Market Gravity helps CYBG develop B Works proposition Deloitte subsidiary Market Gravity has assisted a digital banking brand with its efforts to provide SME clients with a co-working space. The B Works service will launch in Manchester in early 2019.
06 September 2018
Big banks to spend $200 million on preparing for FRTB regulation A number of the world’s largest banking entities are set to be hit by some $200 million in new trading rule costs.
09 August 2018
Standard Chartered selects BearingPoint's FiTAX as tax reporting solution Standard Chartered has selected FiTAX, a solution from BearingPoint, as its global client tax reporting solution for QI, FATCA and AEoI/CRS reporting.
05 July 2018
London wrests financial hub title from New York London has reclaimed its crown as the financial hub of the world, less than one year before the culmination of Brexit negotiations.
21 June 2018
Former HSBC COO heads Sopra Steria Financial Services arm The former UK Chief Operations Officer of HSBC’s commercial bank has joined consulting firm Sopra Steria.
12 June 2018
Delta Capita and Fenergo partner for CLM implementation and managed services Fast growing Irish FinTech and RegTech company Fenergo has partnered with management consultancy Delta Capita.
30 May 2018
Drones to add £21 billion to UK public sector and financial services New research by PwC suggests that the ‘drone economy’ could add £42 billion to UK GDP by 2030.
29 May 2018
Five challenges for asset managers to remain competitive While the global asset management industry has grown with double digits in the past four years, the sector faces a number of key changes in its immediate future, including regulatory pressures and a
23 May 2018
Tackling financial and economic crime through banking collaboration For banks globally, abiding to regulatory requirements for financial and economic crime is a major headache.
22 May 2018
Marketplace banking may be the panacea for challenger banks Following the recent announcements of Monzo, Starling and TSB that they are launching a marketplace offering, marketplace banking is a hot topic in UK’s banking scene.
01 May 2018
Synechron launches RegTech programme for clients in financial services Following Accelerator programmes for Blockchain, InsurTech, and AI, international consulting and technology firm Synechron has now also made a foray into the RegTech realm.
26 April 2018
Accenture, Cognizant, Deloitte and Synechron support top blockchain consortium Leading consultancies have thrown their support behind the world’s largest open source Blockchain consortium.
25 April 2018
Mercer and Oliver Wyman helping UN with decarbonising financial services The United Nations has hired consulting firms Mercer and Oliver Wyman to serve as expert advisors on a project examining climate-related risks and opportunities for financial institutions.
19 April 2018
Venture capital investment in FinTech reaches record $27.4 billion high Global investment in FinTechs by venture capital grew to a record $27.4 billion in 2017, spurred on by high deal value in the US, UK and India.
17 April 2018
Elixirr and Kaizen to aid financial institutions transaction reporting compliance Last year, almost two thirds of transactions reported by financial institutions were incorrect, resulting in fines from the Financial Conduct Authority (FCA), while firms were unaware of these inaccu
29 March 2018
Yorkshire-based motor dealership aims to sue PwC and Lloyds bank for £55 million PwC and Lloyds Banking Group are set to face a £55 million legal battle with a motor dealership which will alleges they colluded to force it out of business.
15 March 2018
EY looks to grow Midlands financial services headcount threefold Global professional services firm EY has announced plans to triple its financial services team in the Midlands by 2020.
14 March 2018
Banks to improve customer services offerings as economy stabilises As the global economy moves towards steady growth – with rates expecting to see rises over the coming years – banks are entering a more stable mode of operation.
28 February 2018
Ten trends set to dominate the agenda of Europe's banking industry Alex Kwiatkowski, a Senior Consultant in the Banking practice of SAS, provides his view on ten trends that will this year dominate the agenda of executives in Europe’s banking industry.
20 February 2018
Three ways the banking industry can stay relevant in the age of disruption The banking industry is being disrupted by innovation through digital technology, new regulation and increased competition.
13 February 2018
Synechron partners with Solidatus to deliver data visualisation for financial services Consulting firm Synechron have confirmed a partnership with software solutions innovator Solidatus, to deliver data visualisation offerings to clients in the financial services sector.
02 February 2018
Banks shift focus to growth as regulatory pressure eases A decade later, banks are in a better position to withstand a financial crisis similar to that of 2008, according to a new report.
22 January 2018

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