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News
| Financial Services | Page 10
An overview of news, trends and research in the Financial Services industry in the UK:
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No news found.
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
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
Arthur J. Gallagher & Co. acquires Centennial Insurance
Arthur J. Gallagher & Co. has acquired US West based Centennial Insurance Agency for an undisclosed sum as part of inorganic expansion in the US.
23 December 2015
Mercer picks up two pensions experts from rival KPMG
As part of Mercer’s expansion in the UK, which has seen it hire sixteen people in recent months, the firm has poached two KPMG pensions experts, Stephen Budge and Tejas Patel.
23 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
Arthur J. Gallagher buys insurance broker in New Zealand
Insurance broker Reid Manson, situated in the central district of New Zealand’s South Island, has been acquired by the New Zealand subsidiary of Arthur J. Gallagher & Co, Crombie Lockwood.
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
Towers Watson: UK car insurance premiums on the rise
Car insurance premiums for private vehicles are again on the increase, with the most recent quarter seeing a 4.8% (£29) increase to £629. Towers Watson, crunching numbers from Confused.
08 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
Dorel Blitz joins KPMG in Israel as Head of Fintech
FinTech has in recent years drawn considerable attention due to its potential to disrupt the financial services sector.
26 November 2015
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