Banking news in the UK | Page 5

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

Bank of England orders Visa to hire PwC after IT error Multinational financial services corporation Visa has been instructed to hire consultants to help complete the recommendations of an independent review, following an IT outage that caused chaos in 20
18 March 2019
UK banks require some $50 billion in case of a hard Brexit With the Brexit process due to come to an abrupt end in March, while no deal is in place, banks have been warned they face multi-billion investments if they are to avoid the implications of a Hard Br
12 March 2019
Four trends fuelling digital transformation in financial services Institutions in the financial services arena are spending billions on digital transformation programmes, but it doesn’t always turn out to be money well spent.
01 February 2019
Brexit and looming economic crisis hit financial services optimism The levels of optimism among the UK’s financial services sector remains at a worrying low, according to a new report co-authored by the country’s representative body for business interests.
21 January 2019
AutoRek's Consulting head on how tech can help overcome SFTR In the first quarter of 2020, Europe’s Securities Financing Transaction Regulation (SFTR) will come into effect.
17 January 2019
UK banking faces higher levels of capital depletion than Europe An analysis of the European Banking Authority’s annual Stress Testing has found that UK banks are behind their European counterparts when it comes to capital depletion and capital flexibility.
19 December 2018
2,100 people on earth now have a wealth of more than $1 billion With the economies of the world currently enjoying mixed results when it comes to stagnant productivity and slowing growth, one small club of super-wealthy individuals is still enjoying a bull run.
19 November 2018
Global banking facing 'anaemic' revenues a decade on from financial crisis A new study has found that banking revenues across the world have collapsed since the global financial crisis, as industry growth is running at less than half the historical average.
15 November 2018
Bank of England deploys war-games to battle hackers As war-gaming and the concept of gamification continue to rise in popularity among a business world constantly called on to adapt to new challenges, the Bank of England has confirmed it has engaged a
13 November 2018
FinTech and challenger banks rapidly changing financial landscape Newcomers in the UK financial services sector are eating into the market share of traditional banks at an unprecedented rate, according to a new study.
07 November 2018
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

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