Banking news in the UK | Page 9

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

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
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

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