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Financial Services news in the UK

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

High-value transactions increasingly entrusted to digital payment systems Over the last two decades, European transactions have increasingly moved toward digital payments.
13 June 2025
Superbia Group receives new backing from August Equity August Equity has invested in the Leicester-based financial services firm, The Superbia Group. The deal was supported by experts from FRP Corporate Finance.
13 June 2025
More than 2-in-5 financial services brands non-compliant with data protection laws A new study suggests that close to half of UK finance brands are non-compliant with data protection laws.
27 March 2025
Quantuma appointed for Basildon Credit Union administration Almost 500 members of a credit union are set to be compensated after the company ceased trading and was placed in default.
26 March 2025
Zühlke helps GSCF save £250,000 monthly on cloud migration When capital technology platform GSCF was looking to migrate its outsourced and on-premises system to AWS, it called on experts from Zühlke for help.
25 March 2025
Senior global financial services staff expect financial crime risk to rise With cybersecurity threats on the rise, the majority of financial services leaders in the UK expect crime in their sector to rise.
21 March 2025
UK financial services drag feet on AI adoption amid uncertainty The UK financial services sector is still moving slowly to adopt AI and Generative AI, as hype cools around the technology.
10 February 2025
Five areas firms must recalibrate IT policy to meet DORA requirements The EU’s Digital Operational Resilience Act mandates that financial institutions across the EU must ensure their IT systems are robust enough to withstand severe disruptions.
05 February 2025
Projective Group participates in successful Swift Hackathon Global consultancy Projective Group has participated in an annual event to help provide digital solutions to the financial sector. The firm’s team eventually produced a prototype in just two weeks.
28 January 2025
Apprenticeships on the rise in UK financial sector Apprenticeship programmes can offer a cost-effective mode of recruitment, according to a new study.
27 January 2025
Mansfield Building Society strikes deal with TCS to boost digital customer experiences Tata Consultancy Services has announced a new deal with Mansfield Building Society to enhance member and intermediary experiences.
19 September 2024
Firms come under pressure to evidence Consumer Duty action One year on from Consumer Duty, the pressure is on for firms to evidence action.
01 August 2024
One-third of customers would change bank after outage A new survey delving into technical failures within the financial services industry, and consumer attitudes towards them, has revealed a growing number of UK consumers have been hit by a technology f
30 July 2024
Financial services sector most mature in cybersecurity Financial services players are the most mature in terms of their cyber-security infrastructure, according to a new study from Wavestone.
16 July 2024
Only 14% of financial services firms have AI in corporate strategy The benefits of artificial intelligence for the financial services sector are supposedly massive.
19 June 2024
Monmouthshire Building Society taps Woodhurst for transformation Member-focused Monmouthshire has brought specialist consultancy firm Woodhurst on board to help the building society deliver its transformation agenda.
30 May 2024
Innopay strengthens Oliver Wyman payment consulting wing Oliver Wyman has acquired payment advisory firm Innopay. The move will complement Oliver Wyman’s existing payments consulting capabilities, and concludes for an undisclosed fee.
05 March 2024
Most cyber breaches in financial services and healthcare A new report from Kroll has found that the healthcare and financial sectors remain the leading focus for data breaches.
27 February 2024
Quantuma appointed to administration of P2P lender ABLRate Peer-to-peer lender ABLRate has fallen into administration, following a period of financial uncertainty. Professionals from Quantuma are now undertaking the winding down of its loan portfolio.
26 January 2024
Digitalisation and automation top focus for financial firms in 2024 Research into the UK financial services sector reveals nine-in-10 firms reported increased revenues in the last 12 months.
19 December 2023
Generative AI to boost productivity in financial services Hype around generative AI and machine learning is continuing to buoy economic sentiment across Europe, with fewer than two-in-five financial services CEOs now expecting a severe downturn in the comin
07 November 2023
UK sees fintech investment decline 57% in one year Investments in the UK’s fintech sector have plummeted by 57% between 2022 and 2023.
29 August 2023
Financial services CEOs embrace AI in spite of concerns Almost half of financial services firms around the world have already integrated an AI-driven product or service change into their capital allocation process.
16 August 2023
Five fundamentals for any digital transformation in financial services The past years have brought unprecedented technological disruption to the financial services industry, and as a result, digital transformation sits at the top of executive-level change agendas.
01 August 2023
The Digital Operational Resilience Act and the role of IT consultancies The Digital Operational Resilience Act is the latest piece of regulation to be introduced to ensure that businesses in the financial sector are resilient enough to withstand a cyber-attack.
26 June 2023
FCA failing to apply powers for sanctioning misconduct under SMCR Despite being in place for over seven years, only one enforcement action has been taken since the introduction of the Senior Managers and Conduct Regime.
12 June 2023
Barclays selects Boston Consulting Group for strategy refresh Consultants from Boston Consulting Group have been selected for a new strategic review with Barclays.
05 June 2023
The future of retail banking in four industry scenarios The world of retail banking is set for change in the coming years, with niche players, neobanks, FinTechs and big techs all seeking to grow their slice of the cut.
15 February 2023
FRP launches new financial advisory pillar Business consultancy FRP has launched a new financial advisory pillar, following increased client demand.
09 February 2023
Will the neobank business model weather the storm? Is the neobank bubble about to burst? Marouane Bakhtar, Managing Director and Head of Banking at financial services consulting firm Synpulse, asks whether neobanks and their business models will be a
24 January 2023
Teneo acquires financial communications firm Tulchan International professional services group Teneo has purchased UK financial PR firm Tulchan for a reported £65 million.
12 January 2023
LHV UK selects Jaywing to boost cloud data infrastructure As LHV UK pursues a UK banking license, it has tapped the expertise of risk and datascience consultancy Jaywing. The consultancy will now work to create LHV UK’s cloud-based data infrastructure.
06 January 2023

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