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Banking news in the UK | Page 9
An overview of news, trends and research in the Banking industry in the UK:
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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
EY: Islamic banking growth on the increase across globe
Islamic banking, termed participant banking, is outgrowing conventional banking in many of the world’s predominantly Islamic countries.
19 January 2016
Banking executive Giles Kenwright joins Delta Capita UK
Delta Capita has recently boosted its partner team with Giles Kenwright, who joins from Morgan Stanley, where he headed the bank’s global Operations Technology unit.
18 January 2016
Retail banking industry risks massive revenue plunge
Facing increased competition for the lending market from a variety of new market entrants, as well as incumbents, retail banks have set high digital ambitions.
18 January 2016
Capgemini: Tech giants biggest threat to banking sector
Investment priorities at traditional banks are moving more and more towards IT, as banks seek to meet customers’ high expectations and beat out competitors, research by Capgemini and Temenos shows.
14 January 2016
BCG: Transactional-banking revenues grow to 2 trillion
The transactional-banking market is projected to grow $900 billion to almost $2 trillion by 2024, research by BCG shows.
06 January 2016
Business students dropping banking career aspirations
The banking industry is losing popularity among business students as more and more are turning to software and computer services.
05 January 2016
Islamic finances face massive demand boom in Africa
Africa is expected to see a massive population boom, many of whom will grow up Islamic. As such, demand for Islamic products and services on the continent are expected to rise in the coming years.
04 January 2016
Oliver Wyman 20x more expensive than Deloitte Bulgaria
Over the past months, three consulting firms, Oliver Wyman, Deloitte and Mazars, bid against each other to win a major bank stress testing project for the Bulgarian central bank.
04 January 2016
West Monroe and nCino partner to offer cloud banking
US-based nCino, a fast growing company that provides banking management system, has struck a partnership with West Monroe Partners.
28 December 2015
Infosys launches FinTech and services centres in Ireland
The FinTech industry in Ireland, already running hot from a wide range of government policies and investor interest, is set to gain another boost.
18 December 2015
91% of banks recognise need for digitising retail banking
Nine out of ten banks recognise the benefits of digitalisation for their retail business, research by BearingPoint shows.
17 December 2015
Boardrooms largest banks lack technology experience
Less than 6% of boardroom members of the world’s largest banks have professional technology experience, research from Accenture shows. Of the more than 100 banks surveyed across the globe, 43% of boards had no member with professional technol
03 December 2015
FIS and SAP enable wireless payments at gas stations
FIS and SAP have integrated their offerings to allow customers of petrol stations to pay for their fuel wirelessly without having to reach for their wallet.
26 November 2015
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