Financial Services news in the UK | Page 12

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

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
CGI supports Copernicus programme to boost insurance data Climate change sometimes comes with blustery weather, causing all kinds of unexpected economic damage – and resultant insurance claims.
05 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
LD&A Jupiter advises on sale of FinTech firm XXImo to Sodexo French multinational Sodexo has acquired XXImo, a Netherlands based FinTech startup. The deal – financial terms have not been disclosed – was advised on by corporate finance firm LD&A Jupiter.
29 March 2016
EY adds FinTech expert Richard Goold to UK legal team EY has picked up FinTech expert Richard Goold, who joins the firm from Wragge Lawrence Graham & Co, and is appointed as Partner and lead for its UK Tech and FinTech practice.
24 March 2016
FinTech is disruptive, but creates both risks and opportunities FinTech presents the financial services with both risks and opportunities.
21 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
Global investments in FinTech startups booms to 19 billion Investment in FinTech startups and scaleups has boomed in 2015, hitting new heights of $19 billion. The VC-backed investment in the sector too hit new heights, at $13.8 billion.
14 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
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

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