Financial Services news in the UK | Page 13

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

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
Mercer launches benefit engagement tool Harmonise Mercer has launched a tool that aims to help employees better manage their retirement and health goals. Engagement among workers remains low, as do retirement aims.
24 September 2015
Banks should fix back office complexity to secure profit Banks should focus on back office technologies in order for them to stay nimble and safe, meet regulatory requirement, and compete with start-ups, research by Accenture shows. According to the consulting firm, while on demand digital solutions for
21 September 2015
Global crowdfunding market now worth 30 billion Crowdfunding brought together more than $2.5 billion in capital across Europe last year, of which nearly $2 billion was raised in the UK. The UK raises funds well above levels seen in Europe – bringing in an averag
14 September 2015
Fiduciary management use by pension schemes grows Almost half of the UK’s largest pension schemes now use a third-party fiduciary manager, research by Aon Hewitt shows, despite questions as to whether their members’ interests are being served by suc
09 September 2015
FinTech matching platform Matchi allies with KPMG Professional services firm KPMG has formed an exclusive partnership with Matchi, a FinTech matchmaking platform that connects banks and insurance companies with financial services technology start-up
03 September 2015
BNP Paribas turns to Oliver Wyman and BCG for revamp To revamp its costs-to-income profile, French bank BNP is seeking to cut costs by 20% by 2019, while also increasing revenues. To bring its ambition to reality, the bank hired consultancies Oliver Wyman and the Boston Consulting Group. Already set
01 September 2015
EY becomes the first Big4 member of Innovate Finance EY is the first of the Big Four to become a member of the Innovate Finance, an organisation whose aim it is to advance UK based FinTech. EY will help member companies to accelerate their growth and FinTech offerings, as well as helping larger resea
31 August 2015
Michael Vallance bolsters Banking practice of Capco Capco has boosted its Banking practice with the appointment of Financial Services expert Michael Vallance as Managing Principal. Vallance, who has extensive experience in the banking sector, including at Citi and Santander, will cover Capco’s
24 August 2015

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