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| Financial Services | Page 10
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No news found.
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
UK FinTech capital of the world, but competition is heating
With a market value of around £6.6 billion, the UK can across the board call itself the FinTech capital of the world.
29 February 2016
Employers making strides in retirement & pension offerings
Saving for retirement remains a paramount concern for some, and not much of a concern for many.
29 February 2016
KPMG acquires Australian FinTech company Markets IT
Accounting and consulting giant KPMG has acquired Markets IT for an undisclosed sum.
24 February 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
Cognizant supports Mizuho with blockchain implementation
The promise of blockchain technology has been hyped as revolutionary in the area of digital currencies and international payments.
17 February 2016
Competition for M&A in insurance industry heating up
Merger and acquisition activity in the insurance industry is forecasted to rise in 2016, according to a new study by Willis Towers Watson in collaboration with Mergermarket.
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
15 start-ups selected for FinTech Innovation Lab London
Accenture has selected 15 innovators for its 2016 FinTech Innovation Lab London, which aims at nurturing fintech start-ups that are developing new technologies for the financial services sector.
22 January 2016
DP World appoints Barnett Waddingham to P&O Pension
Barnett Waddingham has been appointed to provide actuarial services to the P&O Pension Scheme. The £1.5 billion P&O Pension Scheme is, since its sale in 2006, linked to DP World. The value of the deal has not been disclosed.
20 January 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
Oxera Consulting: Building affordable flood insurance
In Europe, the risk of flooding is projected to increase due to climate change.
15 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
FIS and The Venture Centre partner for FinTech start-ups
The Venture Centre, an Arkansas-based technology start-up accelerator, has signed a deal to collaborate with FIS on the creation of a FinTech Accelerator in the state.
11 January 2016
PPPs can improve risk sharing for natural catastrophes
Natural catastrophes cause considerable human, environmental and economic losses.
07 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
McKinsey & Company invests in Chinese Ping An Group
As part of its involvement in advising Ping An Insurance’s subsidiary Ping An Property, McKinsey & Company has invested an undisclosed amount into the company, which will be partly used for the compa
05 January 2016
Persistent floods cost India billions in uninsured losses
The human and economic costs of natural disasters can be considerable.
05 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
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