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Financial Services news in the UK | Page 13

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

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
Mercer launches marketplace for bulk annuity market The UK Defined Benefit schemes have had a turbulent time in recent years as low bond yields and interest rates have cut into expected long term returns.
24 November 2015
Nationwide awards five year IT contract to Capgemini Building society Nationwide has hired Capgemini to support it with transforming its key IT infrastructure.
23 November 2015
Indian insurers spend 2.1 billion on IT and technology The IT budgets of Indian insurance companies for 2016 is heading towards $2.11 billion, as they spend more on IT products and services, research by Gartner shows.
19 November 2015
Countries with the best pension systems in the world For the fourth year in a row Denmark has the world’s best pension system, according to a benchmark by Mercer and the Australian Centre for Financial Studies.
16 November 2015
Aon launches the Aon MasterTrust to meet demand Aon has launched ‘Aon MasterTrust’ for occupational trust-based pension schemes of more than £20 million, on the expectation of an increase in demand for master trusts.
11 November 2015
Berenschot partners with World Bank institution IFC International Finance Corporation, the globe’s largest development institution focused on the private sector in developing countries, has agreed a partnership with Berenschot, a leading consultancy i
10 November 2015
Banking in-person still preferred by many customers The proliferation of channels through which banking functions can be performed has increased in recent years with the development of a range of technologies. For some, this suggests doom to the traditional banking channel: the branch. A Protiviti r
10 November 2015
Guy Carpenter launches risk management platform Insuring risks has been part of business for millennia and many of the world’s assets are insured against calamities. Yet underwriting risk has not always been straight forward.
10 November 2015
Redington launches Will Power & Pensions Panda Saving for the golden years remains an issue among many people in the UK, even while the length of the golden years increases.
06 November 2015
FIS launches Banking on Demand for financial inclusion Small financial players such as micro-finance companies provide means for millions of people to gain access to financial services, yet these institution often have difficulties meeting the requiremen
05 November 2015
30 actuarial advisory firms launch GLOBACS network 30 actuarial advisory firms from across the globe have teamed up to launch Global Actuarial & Consulting Services (GLOBACS), a global network that unites the offerings, footprint and expertise of its
03 November 2015
BearingPoint, Capco & Deloitte EURO FINANCE partner From November 16-20 the EURO FINANCE WEEK takes place in Frankfurt.
29 October 2015
KPMG: Sustainable banking in a rapidly changing world Banks play a key role in society by providing the capital required for resources to be used and social engagements to flow.
28 October 2015
Collateral optimisation can help banks deal with interest rate changes Eight years on from the global financial crisis, and banks continue to face a growing number of challenges.
28 October 2015
Six ways retail banks can achieve digital success Retail banks need to do more to satisfy the expectations of digitally empowered consumers, as more than half are unsatisfied with the performance of their banking institution within the digital space. In a recent article, Cognizant considers six di
27 October 2015
Marsh: Premium for cybercrime Insurance on the rise The cyber security insurance industry is seeing increased demand as more and more high profile cyber-attacks are embroiling companies in controversy and costing them millions of dollars.
27 October 2015
Payments platform Ripple inks deal with Accenture Accenture has struck an alliance with Ripple, an enterprise company providing cross-currency settlement solutions for financial institutions.
22 October 2015
Synechron opens digital innovation center in Dubai Synechron has opened a digital innovation centre in the Middle East.
20 October 2015
Banks should do more to rise to the digital challenge Traditional banks have to go much further to rise to new reality in the banking landscape.
16 October 2015
Advisors earned 153 million from Irish banking crisis Between 2008 and the 2014 external advisors, lawyers and consultants supporting the Irish banking crisis racked in €152.7 million in fees.
13 October 2015
KPMG UK and Metro Bank provide new SME service Metro Bank and KPMG have joined forces to deliver a service to small business owners that reduces their administrative burden by more than 90%.
13 October 2015
Biggest share of tax paid by banks from employment Foreign banks pay the biggest share of tax collected, from the banking industry, to the HMRC, with the largest contribution coming in from taxes collected from their employees’ wages, research by PwC
05 October 2015
Infosys launches Fintech solutions for Indian banks Infosys Finacle, part of EdgeVerve Systems, has launched a tailored suite of banking solutions for the Indian market.
01 October 2015
Grant Thornton boosts pensions advisory with two hires Grant Thornton has boosted its pensions advisory team with the appointment of Ramona Jones and Zoe O’Donnell, who both join the firm as Associate Director in London.
29 September 2015
Alternative financer InvestDen strikes deal with KPMG Accounting and consulting giant KPMG and InvestDen have joined forces to provide entrepreneurs with improved access to capital and a range of service across the startup value chain.
28 September 2015

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