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Financial Services news in the UK | Page 2
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Coeus Consulting supports challenger bank with digital journey
Professionals from Coeus Consulting have helped a client in the banking sector find a digital partner, who will help modernise the bank’s core platform to adapt for the challenger bank market.
09 November 2020
Half of UK financial services staff want shift to flexible working
More than one-quarter of finance workers want to work from home full time once Covid-19 passes, while one-in-ten are looking to relocate following the pandemic.
04 November 2020
Global market size of digital payments industry soares
The number of non-cash transactions, or digital payments, soared worldwide last year to surpass 700 billion – adding up to nearly 100 digital transactions on average in a year for each person on earth.
29 October 2020
Neil Ward & Associates signs partnerships in Europe and Asia
UK-based consulting firm Neil Ward & Associates has in the past weeks bolstered its offerings with two new international partnerships.
19 October 2020
European FinTechs face 'existential threat' as funding dries up
Despite years of hype declaring FinTech investment was set to experience some endless boom, the bubble looks set to burst amid the current recession.
12 October 2020
How Covid-19 is changing the operations of UK banks
The UK banking sector has had to adapt quickly to cope with the challenges of the coronavirus pandemic, with three-quarters of financial sector leaders saying their organisation has become more innov
08 October 2020
PA Consulting supports FCA and Bank of England
PA Consulting has partnered with Suade Labs to support the Financial Conduct Authority and Bank of England on reviewing pioneering Digital Regulatory Reporting initiative.
29 September 2020
Extended Reality offers financial services huge opportunities
The use of Extended Reality has the potential to disrupt the financial services industry, according to a new report by Synechron.
23 September 2020
UBS calls in McKinsey to explore merger with Credit Suisse
Swiss financial giant UBS has reportedly tapped consultants from McKinsey & Company to draw up plans for a mega-merger with rival wealth manager Credit Suisse.
22 September 2020
IT consultancy Iridium invests in debt management app
UK digital consultancy Iridium has invested in debt management brand Freeze Debt. Partnering with the mobile platform has already enabled the firm to help consumers manage £12 million in debt.
16 September 2020
What lies ahead for cloud adoption in financial services
Cloud programmes across the financial services industry have seen significant acceleration in terms of adoption over the last few years.
15 September 2020
Quarter of bank branches will close in coming three years
The number of bank branches in Europe has declined dramatically over the past decade, from 240,000 a decade ago to around 165,000 today.
14 September 2020
Digital now a top agenda of asset and wealth managers
Asset managers were already facing strong pressure to digitise their operations and client services, and the advent of Covid-19 has only seen this become more important.
08 September 2020
Consultants hired to check Covid-19 rescue loans for fraud
The British Business Bank has hired professionals from RSM and KPMG to examine the recipients of its emergency loans amid the Covid-19 lockdown.
03 September 2020
Capco joins Deloitte as a partner of InsurTech firm Instanda
Insurance software provider Instanda has inked partnership agreements with two heavyweights in the consulting industry: Capco and Deloitte.
01 September 2020
Convedo supports Australian FinTech with banking infrastructure
Canary Wharf based IT consultancy Convedo has supported Australian FinTech Hay Technology with the launch of its own challenger bank service.
27 August 2020
PwC and legal advisers help Travelex restructure its debt
Professional services firm PwC has clinched a restructuring deal for Travelex, which appointed administrators earlier in August. The news safeguards around 1,800 jobs in the UK.
17 August 2020
How Covid-19 will shift priorities across the financial services industry
Amid a health, societal and economic crisis, financial services will be looked to as a pillar of recovery by governments, organisations and individuals alike.
21 July 2020
British Business Bank hires Deloitte, KPMG and PwC
Three of the Big Four accounting firms have won contracts to support the British Business Bank, which will pay out £20 million in consulting fees for their work.
17 June 2020
Employee focus critical for banks during remote working
Employee engagement was already a challenge for banks before the outbreak of the Covid-19 pandemic, but with the unfolding of the crisis and its impact, the challenge has only become bigger.
04 June 2020
McKinsey partner Chira Barua joins HSBC as Head of Strategy
Chira Barua, a partner at McKinsey & Company, has joined HSBC as Group Head of Strategy.
02 June 2020
Strategic challenges of cloud adoption in financial services
While the move to the cloud was already well underway in financial services, the outbreak of the covid-19 pandemic has accelerated the need for virtual organising, and in it slipstream cloud-based working.
28 May 2020
Delta Capita secures SFTR compliance contracts in UK and US
Delta Capita has secured large contracts with UnaVista and The Depository Trust & Clearing Corporation.
26 May 2020
Cyrus Mehta joins Sionic's wealth management team in London
Global consulting firm Sionic has grown its wealth and private banking team with the arrival of Cyrus Mehta.
27 April 2020
Four ways how AI can benefit the financial services industry
The advent of artificial intelligence (AI) is providing financial services institutions with major opportunities for improving their client offerings, operations and compliance.
02 April 2020
Financial services incumbents thrive amid industry disruption
While digital disruption has upended many customer-centric businesses, financial services incumbents have more than weathered the storm.
12 February 2020
AI can boost financial services revenue by $140 billion
Artificial intelligence brings lots of promises to the financial services industry, including a way to address the scarcity of workers who possess data analytics, cybersecurity, and AI skills.
10 January 2020
Generation Z unmoved by offerings of challenger banks
Simply appealing to young people’s tendency to use apps to streamline everyday activities does not seem to be winning challenger banks must business among Generation Z, according to a new study.
09 January 2020
How RPA can benefit banking and the public sector
RPA one of the fastest adopted technologies. Can bring rise to positive impact on cost reduction, productivity, accuracy, data analysis and decision-making and will spearhead digital transformation.
02 December 2019
Financial services could unlock $700 billion by better serving women
Financial services companies are costing themselves as much as $700 billion every year by failing to take adequate steps to better understand the needs of female clients.
27 November 2019
10 ways challenger banks can differentiate themselves
Based on a benchmark of the digital maturity of 160 retail and commercial banks from 20 countries, Accenture have identified what factors differentiate digital leaders from the rest.
19 November 2019
McKinsey's Communications Director Steve John joins HSBC
McKinsey & Company Partner Steve John will step down from his role leading the strategy consulting giant’s global communications efforts to join HSBC as the bank’s group Chief Communications Officer.
25 October 2019
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