Banking news in the UK | Page 8

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

FIS launches FIS HiPo Network: early stage FinTech network To support its clients access strong startup propositions in the financial technology space, FIS has launched its own network for ‘high performance’ FinTechs.
14 December 2016
Emerging market retail banking to grow by $450 billion by 2020 The retail banking industry has enjoyed fierce growth across emerging markets over the past decade, averaging a CAGR of 18%.
06 December 2016
World Bank commissions Mott MacDonald for climate change water study Improvements to access to fresh water and sanitation have considerably improved since the 1990s.
05 December 2016
5 factors that must be considered when relocating an operation Amid widespread uncertainty following Brexit, companies throughout the UK, in particular in the financial services sector, are considering moving some or all of their operations out of the UK.
24 November 2016
The benefits and use cases for blockchain technology in banking Blockchain, while still relatively new to the financial space, is seeing interest from around 90% of banking sector executives, according to a new study on the potential of the technology in the indu
15 November 2016
British bankers confident London will remain EU's financial centre Nearly three quarters of British bankers believe that London will remain Europe’s financial powerhouse in five years’ time, countering recent concerns that UK’s capital city will lose its top spot to
07 November 2016
Korn Ferry Futurestep launches Credit Union and Community Banking arm Korn Ferry Futurestep has launched a new practice focused on the Credit Union and Community Banking sectors.
27 October 2016
Accenture bolsters digital banking arm with Allen International deal Accenture has pushed deeper into the Financial Services consulting space with the acquisition of Allen International, a London-based design consultancy that works for dozens of banking clients global
19 October 2016
Ulster Bank asks McKinsey to support growth strategy development Ireland-based Ulster Bank has called in the support of McKinsey & Company to help its Board with the development of a new growth strategy.
17 October 2016
Global payments revenues to hit $2 trillion by 2025, emerging economies lead The global payments industry is set to enjoy revenue growth of more than $800 billion between now and 2025 on the back of strong growth within emerging markets.
11 October 2016
Customer services and trust are key areas of concern for incumbent banks Incumbent banks face a considerably more fragmented financial services space as new digital banks and other financial services institutions begin to develop propositions to entice away customers.
10 October 2016
Bain to advise on integration of Abu Dhabi's two biggest lenders Abu Dhabi’s National Bank of Abu Dhabi and First Gulf Bank announced earlier this year that they would integrate into a new $175 billion entity.
07 October 2016
Raymond James completes takeover of Deutsche Bank's US Wealth arm The deal that saw Raymond James buy Deutsche Bank Wealth Management’s US Private Client Services Unit was recently closed. The new division has been integrated into its Alex. Brown arm.
06 October 2016
Importance of banking sector is sliding down globally, says EY Banks are across the globe becoming progressively less relevant to their customers.
04 October 2016
Top 10 technology forces that will shape financial services in 2020 Ciaran Kelly, partner at PwC in Ireland, analyses the findings of a report on the real-world implications of FinTech for financial services firms and the areas these firms should prioritise.
03 October 2016
KPMG Financial Services and Microsoft push deeper into blockchain space KPMG and Microsoft have joined forces to deliver a suite of blockchain services through a cloud-based platform.
28 September 2016
FinTech spurring banks and payments companies into active change A rapidly transforming payments and funds transfer space, through the possibilities opened by digital technologies – is spurring incumbents to act.
26 September 2016
Wait and see mode risks successful implementation of MiFID II The 12 month delay of MiFID II has propelled many financial services organisations into a ‘wait and see’ mode, on the back of continuing uncertainty and project teams which are struggling to maintain momentum.
26 September 2016
Former Oliver Wyman consultant Mike Dargan appointed CIO at UBS UBS has hired former Oliver Wyman consultant Mike Dargan as its head of Information Technology.
21 September 2016
Banks should start preparing for Payment Services Directive 2 Less than 18 months to go before Payment Services Directive 2, one of the most disruptive regulations in the financial industry, kicks in.
20 September 2016
Infosys and Huawei launch cloud-based universal banking capability In a bid to further expand its offering to the global universal banking industry, Infosys Finacle and Huawei have become partners.
19 September 2016
Alternative finance lending market booming on the back of low rates The alternative finance market for SMEs and personal loans, through marketplace lenders, has in the space of just five years, grown from almost nothing to £2.7 billion.
12 September 2016
Swiss private banks with midmarket focus face challenging market The private banking industry in Switzerland remains world leading, and in recent years total assets under management have continued to enjoy steady growth.
12 September 2016
FinTechs are growing concern for incumbent banks, collaboration is key Incumbent banks are concerned that FinTech startups will start to eat into their business, a new study finds.
05 September 2016
Brexit risks London losing its top spot in Europe for financial services London may lose its rank as the most attractive destination for financial services firms in Europe, following a possible Brexit.
29 August 2016
Wealth managers to see hit on back of multiple market changes Asset managers face an uphill battle to retain their hefty profit margins, according to new analysis.
22 August 2016
Total global alternative assets under management grows to $6.2 trillion Total assets managed by alternative investment managers globally has hit $6.2 trillion. The 100 largest players account for nearly 60% of the market, holding a combined $3.6 trillion in assets.
28 July 2016
Millennial and mass-affluence groups most likely to shift from bank American banking customers are seeking value from their banks, or else they will shift to another provider – a recent survey finds.
11 July 2016
Artificial Intelligence and robotics high on financial services agenda As financial services organisations predict and plan for the way consumers will manage their money in the future, artificial intelligence (AI) is high on the business development strategy for 2016 an
06 July 2016
Global HNWI wealth hits $60 trillion among 15.4 million people The wealth of the world’s wealthiest people, those with more than $1 million in non-primary residence based assets, continues its momentous rise. It stood at $59.7 trillion last year, up from $37.2 trillion in 2006.
04 July 2016
Wealth managers overestimate their skills and face digital disconnect Wealth managers seeking to please their HNWI clients may need to consider how changes in demographics are affecting expectations around technology.
30 June 2016
Comerica hires Boston Consulting Group to deliver strategic plan The Boston Consulting Group has been hired by US-based bank Comerica to run a strategic review of its expenses and to identify areas of revenue expansion.
29 June 2016

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