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Financial Services news in the UK | Page 4
An overview of news, trends and research in the Financial Services industry in the UK:
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Five reasons why the financial services sector hires consultants
Banks, insurance companies, asset managers and other financial services institutions spend over £2.4 billion on external consultants.
22 October 2018
UK expects to lose 5,000 City jobs by Brexit deadline day
Following a warning from the Bank of England that thousands of jobs could move to the continent by Brexit, the UK Government has responded by confirming some 5,000 roles could exit the financial serv
17 October 2018
Women in financial services look for policy change for career support
Over 50% of those polled in a new survey believe that an employee’s gender and or diversity can be a barrier to career progression in financial services.
12 October 2018
Financial institutions failing to detect cyber breaches for over a week
The world of business has been working diligently to respond to a glut of cyber threats that have hit home in recent years.
27 September 2018
Chris Allen joins Axis Corporate UK wing from Capgemini Invent
In response to a digitalising financial services market, Axis Corporate has hired a new Digital Director to its UK wing.
27 September 2018
Banks to beef up their collaboration with FinTechs for innovation
In the coming years, banks will even more closely work together with FinTechs.
25 September 2018
Growing number of junior bankers switching to MBB consultancies
An increasing number of junior banking professionals are considering shifting to the world’s largest strategy consultancies, according to a number of young professionals in both sectors.
07 September 2018
Former GKFX Financial Services chief launches compliance consultancy
Rod Martenstyn has exited brokerage firm GKFX Financial Services to launch a new consultancy.
16 August 2018
Blockchain could boost Aerospace and Defence digital thread performance
A global survey of senior executives in North America, Europe and Asia Pacific has found that Blockchain technology is increasingly being used to extend the digital capacity of organisations across a
23 July 2018
Climate change increasingly seen as material threat to asset funds
Large numbers of people rely on their pensions for retirement, and, while current pension funds total tends of trillions of dollars, concern around their sustainability is mounting.
17 July 2018
Standard Chartered selects BearingPoint's FiTAX as tax reporting solution
Standard Chartered has selected FiTAX, a solution from BearingPoint, as its global client tax reporting solution for QI, FATCA and AEoI/CRS reporting.
05 July 2018
London wrests financial hub title from New York
London has reclaimed its crown as the financial hub of the world, less than one year before the culmination of Brexit negotiations.
21 June 2018
FinTech Scotland partners with Deloitte and Sopra Steria
Professional services firms Deloitte and Sopra Steria are among a quartet of entities which have become strategic partners of a FinTech initiative launched by the Scottish Government.
13 June 2018
Former HSBC COO heads Sopra Steria Financial Services arm
The former UK Chief Operations Officer of HSBC’s commercial bank has joined consulting firm Sopra Steria.
12 June 2018
Hampleton Partners appoints Mike Woods to spearhead FinTech deals
Senior digital payments expert Mike Woods has joined consultancy Hampleton Partners to lead the firm’s FinTech offering.
01 June 2018
Delta Capita and Fenergo partner for CLM implementation and managed services
Fast growing Irish FinTech and RegTech company Fenergo has partnered with management consultancy Delta Capita.
30 May 2018
Drones to add £21 billion to UK public sector and financial services
New research by PwC suggests that the ‘drone economy’ could add £42 billion to UK GDP by 2030.
29 May 2018
Capgemini and Efma join forces to match corporates with FinTechs
With a growing number of FinTech players offering services to traditional financial players, there is an increasing appetite for services helping corporates find the right platform for them.
24 May 2018
Five challenges for asset managers to remain competitive
While the global asset management industry has grown with double digits in the past four years, the sector faces a number of key changes in its immediate future, including regulatory pressures and a
23 May 2018
Tackling financial and economic crime through banking collaboration
For banks globally, abiding to regulatory requirements for financial and economic crime is a major headache.
22 May 2018
The largest actuarial and pension consulting firms in the UK
The UK’s actuarial and pension consulting firms brought in a combined revenue of almost £2 billion in 2017.
14 May 2018
Management consultancy Axis Corporate partners with FinTech firm Aicura
Challenger banks increasingly putting traditional institutions under pressure with agile operational models, however they should not be blindsided to further digital transformation in order to mainta
10 May 2018
BCG to help Lloyd's of London develop InsurTech startup lab
Lloyd’s of London has commissioned professional services giant The Boston Consulting Group (BCG) and innovation specialist L Marks to help the leading insurance market set up the Lloyd’s Lab — a prop
09 May 2018
Marketplace banking may be the panacea for challenger banks
Following the recent announcements of Monzo, Starling and TSB that they are launching a marketplace offering, marketplace banking is a hot topic in UK’s banking scene.
01 May 2018
Synechron launches RegTech programme for clients in financial services
Following Accelerator programmes for Blockchain, InsurTech, and AI, international consulting and technology firm Synechron has now also made a foray into the RegTech realm.
26 April 2018
Accenture, Cognizant, Deloitte and Synechron support top blockchain consortium
Leading consultancies have thrown their support behind the world’s largest open source Blockchain consortium.
25 April 2018
Big Four pull trigger on Initial Coin Offerings advisory services
Responding to client demand, the Big Four consulting firms are finally pulling the trigger on years of accumulated digital currency expertise.
23 April 2018
Mercer and Oliver Wyman helping UN with decarbonising financial services
The United Nations has hired consulting firms Mercer and Oliver Wyman to serve as expert advisors on a project examining climate-related risks and opportunities for financial institutions.
19 April 2018
Venture capital investment in FinTech reaches record $27.4 billion high
Global investment in FinTechs by venture capital grew to a record $27.4 billion in 2017, spurred on by high deal value in the US, UK and India.
17 April 2018
Elixirr and Kaizen to aid financial institutions transaction reporting compliance
Last year, almost two thirds of transactions reported by financial institutions were incorrect, resulting in fines from the Financial Conduct Authority (FCA), while firms were unaware of these inaccu
29 March 2018
Yorkshire-based motor dealership aims to sue PwC and Lloyds bank for £55 million
PwC and Lloyds Banking Group are set to face a £55 million legal battle with a motor dealership which will alleges they colluded to force it out of business.
15 March 2018
EY looks to grow Midlands financial services headcount threefold
Global professional services firm EY has announced plans to triple its financial services team in the Midlands by 2020.
14 March 2018
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