Banking news in the UK | Page 6

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

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
Blockchain a game changer for banks looking to 'Know Your Customer' Blockchain technology could become a game changer for Know Your Customer compliance, according to experts from Synechron. Consultancy.
22 January 2018
BearingPoint's Abacus platform taken up by Raiffeisen Bank International Raiffeisen Bank International has confirmed it will leverage BearingPoint’s RegTech platform Abacus in the New Year.
18 January 2018
Banks payment revenues to hit $1 trillion by 2026 Banks’ payment segments are set to see strong growth in retail and wholesale markets on the back of booming emerging markets – boosting revenues by $1 trillion to 2026.
05 January 2018
GDPR compliance to cost FTSE100 firms £15 million, banks face largest bill As the May 2018 implementation deadline for General Data Protection Regulation (GDPR) looms, many firms are still scrambling to prepare for the landmark legislation.
21 December 2017
KPMG installs Judd Caplain as Global Head of Banking & Capital Markets KPMG has promoted Judd Caplain to the role of Global Head of Banking & Capital Markets in the Big Four group’s International member firm.
14 December 2017
FinTechs and tech giants eye most profitable segments of banks Despite having weathered numerous crises over their long history, traditional banks have seen their traditional market share eaten into by new, technologically savvy competitors in recent years.
08 December 2017
Barclays appoints former OC&C boss Michael Jary to Board role Barclays has drafted in a collection of the UK’s top bosses for the board of its upcoming retail bank.
07 December 2017
Digital banks and FinTechs that are challenging incumbent banks Across the banking landscape, new challenger banks and FinTechs are, where they can make a difference, attacking the business models of banks.
22 November 2017
The top five impacts of GDPR on the financial services industry Nathan Snyder, a partner at consulting firm Brickendon, reflects on the top five impacts of GDPR on the financial services industry.
21 November 2017
Retail banks should not overlook active divestment strategy Divestitures are a key, but often overlooked, component of the active management of business portfolios in banking, writes Callum Russell, a Senior Consultant at international consulting firm Axis Co
15 November 2017
Wave of client requests due to GDPR may overwhelm banks Banks are facing a major compliance challenge after GDPR comes into force.
14 November 2017
Experienced banker Brad O'Brien joins Baringa as partner in the US Baringa Partners have appointed a new Partner for their US wing.
10 November 2017
Sofgen CEO Andre Israel joins Accenture's banking consulting arm Professional services firm Accenture have confirmed the appointment of Sofgen CEO Andre Israel.
06 November 2017
Bank of England echoes warning of 75,000 job financial services 'Brexodus' The Bank of England has predicted Britain stands to lose as many as 75,000 financial services jobs following the culmination of Brexit, in 2019.
01 November 2017
Regulation should not crush innovation in financial services sector The financial services sector should beware that regulation will not crush innovation, warns Tony Clark, managing director of Synechron in London.
25 October 2017
Delta Capita launches Big Data as a Service platform for financial services Delta Capita, a management and consulting firms for the financial services industry, has launched a new Big Data-as-a-Service Platform.
24 October 2017
Excelian Luxoft supports bank with FRTB compliance programme In 2019, banks will have to report under the new FRTB standards.
18 October 2017
Australian bank ANZ spends $20 million on consultants from EY Over the last financial year, leading up to 30th June 2017, the Australia and New Zealand Banking Group (ANZ) spent nearly $20 million on consultants from EY.
06 October 2017
Banks put open banking at risk by overachieving on XS2A compliance Banking executives need to carefully determine their strategic position and act accordingly and consistently with regards to their XS2A compliance approach, write Mounaim Cortet and Vincent Jansen, b
05 October 2017

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