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Banking news in the UK | Page 8
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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
Deloitte unveils plan to build blockchain-based digital bank
Deloitte and ConsenSys Enterprise recently announced the formation of a partnership, aimed at strengthening their respective blockchain proposition to clients.
28 June 2016
European banks improving performance but remain behind the game
The European retail banking sector has seen its operations improve since the hard times that followed the 2008 financial crisis, with the Nordics as particular star performers.
27 June 2016
Oliver Wyman supports Kuwait prepare bonds for international sale
Kuwait is turning to the international bonds market to plug its budget deficit as the oil dependent country bears the brunt of the commodity’s low price.
27 June 2016
Andrew Kail leads Financial Services practice of PwC in UK
PwC’s UK Financial Services practice has, per 1 July 2016, appointed Andrew Kail as its new leader. Kail, who succeeds Kevin Burrowes, has more than 25 years of financial services experience.
27 June 2016
How Financial Services can transform to ride the digitalisation wave
Banks and insurance companies that are able to transform themselves will be well placed to benefit from digitalisation.
24 June 2016
Financial services still run by old boys, as women step out to care
Gender disparity within the business world remains a seemingly intractable problem, with slow progress towards parity at the top.
21 June 2016
Commerzbank hires Infosys to remodel IT architecture
Commerzbank has hired Infosys, in a five year deal, to remodel its existing IT architecture to meet the changing needs of its investment banking customers, through digital technology.
01 June 2016
Fed hires McKinsey to support Faster Payments Task Force
To support the development and roll out of new payment systems in the US, the US Federal Reserve launched the Faster Payments Task Force in 2015.
09 May 2016
University College London secures 280 million line of credit
As part of its long term vision the UCL, in its UCL 2034 strategy, is investing in a number of facility upgrades and expansions, which includes the upgrade of UCL’s Bloomsbury campus and its student centre.
04 May 2016
Deloitte Technology partner Simon Tasker joins Credit Suisse
Changes within the financial landscape that demand digital solutions are seeing large financial institutions turn to attracting transformation and technology talent.
04 May 2016
Infosys provides suite of solutions to Myanmar AGD bank
Asia Green Development Bank in Myanmar has hired EdgeVerve Systems, a subsidiary of Infosys, to provide both back-end and front-end solutions for its banking system.
28 April 2016
Optimism of European banking industry at 4 year low
Following the global financial crisis, banks in Europe found themselves in considerable strife.
25 April 2016
BCG buys stake in matchmaking platform Opportunity Network
BCG has intensified its partnership with Opportunity Network.
18 April 2016
Dallas Capital Bank hires FIS for frontend upgrade
To gain an edge on the competition, as well as improve access to its services for current customers, the recently rebranded North Texas local bank, Dallas Capital Bank, has hired FIS to deliver a ful
04 April 2016
1 trillion value shift set to hit financial services industry
The internet, digitalisation and other major changes brought about from technology are rapidly transforming a host of industries, paving the way for new disruptive business models.
29 March 2016
Financial services industry needs holistic digital strategy
Banks and insurers are too slow in responding to the wave of digitisation.
15 March 2016
Implications of PSD2 XS2A adoption for banks industry
For a bank to effectively operate amongst FinTech challengers, it should know exactly what it wants to be to its customers.
01 March 2016
Accenture expands financial services blockchain footprint
Blockchain technology is estimated to have the potential to save the financial services industry up to $20 billion by 2021.
23 February 2016
New regulations are driving payments innovation in UK
The PSD2 (Payments Services Directive 2) and Open API (application programming interface) standards in banking will come into force in the UK (and the wider EU) within two years.
22 February 2016
UK alternative finance market nearly doubles to 3.2 billion
The alternative finance market has enjoyed explosive growth since it arrived on the scene and today a range of platforms provide among others lending, crowdfunding and donation services to business a
22 February 2016
Financial fines of banks reaches 150 billion in 5 years
Financial institutions have coped a lot of flak in recent years, following their dubious activity resulting in the financial crisis as well as a range of fraudulent activities on the heels of the cri
18 February 2016
Executives in financial services anticipate more shut-eye
Financial services industry executives are being faced with an increasingly complex landscape.
17 February 2016
Elixirr Partner heads Corporate Banking arm of Santander
Chris Sullivan has moved from management consultancy Elixirr to head up Santander’s Corporate & Commercial Bank.
16 February 2016
Captive Finance is growth area for automotive players
The European car market, after more than five years of stagnation, is projected to pick up in the years to 2020.
15 February 2016
Poor customer experience costs Big 4 UK banks billions
The value of excellent customer services experience can be considerable. In the UK, the largest four banks – Barclays, HSBC, Lloyds and RBS – may be missing out on an average £3.
11 February 2016
Blockchain technology a potential game-changer for Finance
Large financial transactions have been virtual for a long time, moving around the world via banking and corporate systems and often tallied up in spreadsheets.
10 February 2016
PwC establishes blockchain team at its Belfast office
The potential for blockchain technologies, the public ledger underlying cryptocurrencies like bitcoin, in the financial and public sectors are significant.
09 February 2016
PwC: Correspondent banking facing existential crisis
Following the 2008 banking crisis and the more recent Libor rating scandal, as well as the increasing sophistication of international criminal syndicates, regulators have clamped down on internationa
04 February 2016
Oliver Wyman to advise on sale of rescued Italian banks
Following the collapse of four Italian banks due to a range of bad loans, special EU sanctioned tools were instantiated to deal with their bad debts and recapitalise them in an orderly manner.
02 February 2016
It is not how much you spend on IT; it is how you spend it
It is not how much you spend; it is how you spend it, finds recent research by McKinsey & Company into bank IT spending.
01 February 2016
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