Financial Services news in the UK | Page 18

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

McKinsey develops strategy for Co-op Bank of Kenya The Co-operative Bank of Kenya has hired McKinsey & Company to support it with the development of a growth strategy. The consultants have been given three months’ time to come up with a strategy, roadmap and action plan./
02 October 2014
Deloitte partner Ian Smith new CFO of Clydesdale Clydesdale Bank has announced the appointment of Deloitte Partner Ian Smith as its new CFO, effective as of October. Smith joins with extensive experience in finance and consulting, after having fulfilled senior roles at Deloitte, Lloyds Banking Gr
26 September 2014
Mercer & eShare launch eGovernance for pension schemes Mercer UK has together with eShare launched a new service that helps pension schemes with the move to paperless meetings.
24 September 2014
CGI supports Aon with cyber insurance risk assessment Professional services firms Aon and CGI have decided to join forces in Finland. The partnership centres around the development and delivery of cyber insurance risk assessment services. Cybercrime is rapidly becoming one of the largest
17 September 2014
BearingPoint nominated for Financial Innovation Awards On 27 November 2014, the 17th edition of the Financial World Innovation Awards are organised in London, UK. Among this year’s finalists is consulting firm BearingPoint, nominated in the 'Innovation in marketing and communications' category./
16 September 2014
PwC Consulting under fire in the US for misconduct Consulting firms hired to investigate banks find themselves often in a difficult position; they are handpicked and paid by the same people they are supposed to investigate. PwC Consulting US has recently come under fire for watering down
21 August 2014
Aon: Pensions accounting reform impacts businesses According to global HR consulting firm Aon Hewitt, the changes to pensions accounting standards currently proposed by the International Accounting Standards Board (IASB) could take more than £25 billion off the balance sheets of FT
12 August 2014
Innopay: Cryptocurrencies potential market disruptor Despite the current skepticism that surrounds cryptocurrencies like Bitcoin and Litecoin, the technology and ideas behind virtual currencies have a bright future and even have the potential to disrup
05 August 2014
Intraday liquidity risk management key for banks Banks should increase the focus on how they manage their intraday liquidity. Not only could a critical review help improve risk management, it also could result in bottom-line savings, claims a new white paper from consultancy firm a href="/firms/
08 July 2014
McKinsey Principal Peter Hahn joins insurance firm Zurich The North American practice of Zurich has appointed Peter Hahn as head of its Predictive Analytics department.
04 May 2014
Bank of Ireland outsources Group ICT to Accenture Bank of Ireland is planning to outsource its Group Technology Division to Accenture, a global management and technology consulting firm. According to expectations, 200 employees will move to Accenture’s outsourcing branch. The transaction, which
28 March 2014
Bank of England clarifies role McKinsey and Deloitte The Bank of England (BOE) recently hired McKinsey and Deloitte to examine the strategy and operations of the central bank. The hiring has caus
20 January 2014
Accenture wins contract at world's oldest bank Banca Monte dei Paschi di Siena, the oldest bank in the world*, has decided to outsource a large part of its back-office operations to Accenture and Bassilichi. With the mega outsourcing agreement, the I
19 December 2013
EY: Bitcoin game changer for financial industry Bitcoins have the potential to be a game changer for the financial services industry. If the governments and the financial sector find the right way to regulate the digital currency munt, then the chances of this happening are relatively high, conclude
16 December 2013
FTI Consultang buys insurance practice of Distinct Consulting Global consulting firm FTI Consulting has bought the Insurance industry practice of Distinct Consulting, a midsized consulting firm with offices in Dublin, London and New York. Approximately 40
13 December 2013
Capco enforces banking branch with executive advisors Capco, a global consulting firm that purely focuses on the financial services industry, has made two senior appointments in its Global Banking Practice.
11 December 2013
CGI supports fight against child pornography in Sweden Four years ago, a group of Swedish companies and the national police launched a successful initiative to combat child pornography. Since the creation, consulting firm CGI, as part of its CSR pol
25 November 2013
Atos: 4 technology trends for CIO's of banks Mobile apps, cyber security, near field communication and biometrics, these are, according to international consulting firm Atos, the foremost important technology trends banks’ CIO’s should take int
19 November 2013
Roland Berger: banks must reduce savings interest rates Banks are paying too much for savings interest rates.
18 November 2013
Christopher Geldard leads banking practice of Capco Capco has appointed the Englishman Christopher Geldard to lead the company's Global Banking practice. He will also become a member of Capco's Global Executive Management Team. Christopher Geldard has extensive experience in advising global fina
15 November 2013
BCG develops the corporate strategy of CBI bank Commercial Bank International (CBI), a bank based in the United Arab Emirates, has hired Boston Consulting Group (BCG) to develop its 5-year strategic plan. The consultants wi
01 November 2013
McKinsey & Company and Deloitte advise British central bank Bank of England (BOE) has hired McKinsey & Company and Deloitte to review the central bank's strategy and operations.
29 October 2013
BCG: Banks and online stores offer the best online service Consumers are most satisfied with the services provided by online banks and online retailers. That concludes Boston Consulting Group (BCG) in a study of more than 3,000 U.S. consumers who make extensive use
05 July 2013
BCG: Online service of banks has highest customer value Online consumers use the internet for a wide variety of reasons, ranging from business to eCommerce and social purposes. A new study by The Boston Consulting Group (BCG) reveals that of all purposes people u
26 June 2013
Boston Consulting Group: Banks in the Middle East flourish While European banks are going through some of the toughest times in history, Middle East banks are flourishing. Banks in the Middle East realized a 6.9 % increase in average revenues and an 8.
28 May 2013
Deloitte: Many suspicious transactions Cypriot banks Cypriot banks often have too little knowledge of their customers to be able to combat money laundering. This emerges from a study of the European Union in cooperation with accounting and consultancy Deloitte. The researche
22 May 2013
Deloitte investigates large scale money laundering The three largest private banks in India - ICICI, HDFC and Axis - have appointed Deloitte to conduct an independent inquiry into the allegations that the lenders have supported money laundering. The move comes after an onl
26 April 2013
Accenture helps UniCredit with Finance BPO transformation UniCredit has hired Accenture to support a large finance BPO transformation program.
16 April 2013
Alvarez & Marsal: Bankers in Cyprus deleted fraud evidence According to a report by consulting firm Alvarez & Marsal commissioned by the Central Bank of Cyprus. Bankers in the hard-hit Bank of Cyprus have destroyed evidence about abhorrent activities
09 April 2013
CGI helps ZLM Insurance with migration to SEPA ZLM Insurance has hired CGI in the Netherlands to deliver support in transiting to Single Euro Payment Area (SEPA).
03 April 2013
BCG reviews cost structure of National Australia Bank The National Australia Bank (NAB) has hired management consulting firm Boston Consulting Group to review its cost base. According to the Australian newspaper the bank was forced to hire the strategy consulti
01 April 2013
Roland Berger: 4 future business models for retail banks The retail banking industry will in the coming years face major change.
26 March 2013

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