Financial Services news in the UK | Page 2

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

Projective Group participates in successful Swift Hackathon Global consultancy Projective Group has participated in an annual event to help provide digital solutions to the financial sector. The firm’s team eventually produced a prototype in just two weeks.
28 January 2025
Davies: Apprenticeships on the rise in financial sector Apprenticeship programmes can offer a cost-effective mode of recruitment, according to a new study.
27 January 2025
Mansfield Building Society strikes deal with TCS to boost digital customer experiences Tata Consultancy Services has announced a new deal with Mansfield Building Society to enhance member and intermediary experiences.
19 September 2024
Firms come under pressure to evidence Consumer Duty action One year on from Consumer Duty, the pressure is on for firms to evidence action.
01 August 2024
One-third of customers would change bank after outage A new survey delving into technical failures within the financial services industry, and consumer attitudes towards them, has revealed a growing number of UK consumers have been hit by a technology f
30 July 2024
Financial services sector most mature in cybersecurity Financial services players are the most mature in terms of their cyber-security infrastructure, according to a new study from Wavestone.
16 July 2024
Only 14% of financial services firms have AI in corporate strategy The benefits of artificial intelligence for the financial services sector are supposedly massive.
19 June 2024
Monmouthshire Building Society taps Woodhurst for transformation Member-focused Monmouthshire has brought specialist consultancy firm Woodhurst on board to help the building society deliver its transformation agenda.
30 May 2024
Innopay strengthens Oliver Wyman payment consulting wing Oliver Wyman has acquired payment advisory firm Innopay. The move will complement Oliver Wyman’s existing payments consulting capabilities, and concludes for an undisclosed fee.
05 March 2024
Most cyber breaches in financial services and healthcare A new report from Kroll has found that the healthcare and financial sectors remain the leading focus for data breaches.
27 February 2024
Quantuma appointed to administration of P2P lender ABLRate Peer-to-peer lender ABLRate has fallen into administration, following a period of financial uncertainty. Professionals from Quantuma are now undertaking the winding down of its loan portfolio.
26 January 2024
Digitalisation and automation top focus for financial services in 2024 Research into the UK financial services sector reveals nine-in-10 firms reported increased revenues in the last 12 months.
19 December 2023
Generative AI to boost productivity in financial services Hype around generative AI and machine learning is continuing to buoy economic sentiment across Europe, with fewer than two-in-five financial services CEOs now expecting a severe downturn in the comin
07 November 2023
UK sees fintech investment decline 57% in one year Investments in the UK’s fintech sector have plummeted by 57% between 2022 and 2023.
29 August 2023
Financial services CEOs embrace AI in spite of concerns Almost half of financial services firms around the world have already integrated an AI-driven product or service change into their capital allocation process.
16 August 2023
Five fundamentals for any digital transformation in financial services The past years have brought unprecedented technological disruption to the financial services industry, and as a result, digital transformation sits at the top of executive-level change agendas.
01 August 2023
The Digital Operational Resilience Act and the role of IT consultancies The Digital Operational Resilience Act is the latest piece of regulation to be introduced to ensure that businesses in the financial sector are resilient enough to withstand a cyber-attack.
26 June 2023
FCA failing to apply powers for sanctioning misconduct under SMCR Despite being in place for over seven years, only one enforcement action has been taken since the introduction of the Senior Managers and Conduct Regime.
12 June 2023
Barclays selects Boston Consulting Group for strategy refresh Consultants from Boston Consulting Group have been selected for a new strategic review with Barclays.
05 June 2023
The future of retail banking in four industry scenarios The world of retail banking is set for change in the coming years, with niche players, neobanks, FinTechs and big techs all seeking to grow their slice of the cut.
15 February 2023
FRP launches new financial advisory pillar Business consultancy FRP has launched a new financial advisory pillar, following increased client demand.
09 February 2023
Will the neobank business model weather the storm? Is the neobank bubble about to burst? Marouane Bakhtar, Managing Director and Head of Banking at financial services consulting firm Synpulse, asks whether neobanks and their business models will be a
24 January 2023
Teneo acquires financial communications firm Tulchan International professional services group Teneo has purchased UK financial PR firm Tulchan for a reported £65 million.
12 January 2023
LHV UK selects Jaywing to boost cloud data infrastructure As LHV UK pursues a UK banking license, it has tapped the expertise of risk and datascience consultancy Jaywing. The consultancy will now work to create LHV UK’s cloud-based data infrastructure.
06 January 2023
Coeus Consulting helps financial institution with sourcing assessment When a FTSE listed global financial services organisation pondered on the question if business process outsourcing could improve the delivery of its workplace services, the company’s CIO turned to Co
19 December 2022
Deloitte and Persefoni to help financial sector decarbonise With increasing demand for addressing the impacts of climate change, banks and insurers are facing new difficulties.
24 November 2022
EY launches Midlands financial services technology hub Big Four firm EY has launched a financial services technology hub in the Midlands. The news comes in response to growing regional sector demand for digital expertise.
20 October 2022
UK financial sector lags on boardroom parity Some countries in Europe are seeing financial services boardrooms approach senior-level gender parity. However, the UK’s reluctance to legislate on the matter means it lags behind leaders like France and Italy on the matter.
17 October 2022
Oxford Economics deepens financial services modelling with Jaywing Oxford Economics has agreed a partnership with Jaywing, aimed at expanding the firm’s footprint in the financial services sector.
21 September 2022
Trouble ahead for BNPL as consumer spending slows Buy-now-pay-later providers are facing a looming storm, as the UK government prepares to bring in long-awaited regulations for the sector.
05 September 2022
Amdaris partners with payments platform Stripe Bristol-headquartered digital transformation specialist Amdaris has agreed a partnership with financial platform Stripe.
09 August 2022
Serco selects Isio to administer pension and life assurance scheme Professional services firm Isio has been named as the new provider of administrative and investment work to Serco’s pensions trust. The news is the latest in a succession of contract gains for Isio.
26 July 2022

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