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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:

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
The growth of FinTech and RegTech in financial services The financial technology (FinTech) and regulatory technology landscapes (RegTech) are booming, on the back of the growing opportunities they are offering financial services institutions.
02 September 2019
Michael Curds joins digital consultancy 11:FS as Head of Talent Former Apple and BCG Digital Ventures talent lead Michael Curds has joined digital consultancy 11:FS. Curds brings two decades of experience to the firm as its new Head of Talent and Recruitment.
30 August 2019
Accenture buys financial services consultancy Parker Fitzgerald Global consultancy Accenture has reached an agreement to purchase specialist firm Parker Fitzgerald for an undisclosed sum.
21 August 2019
Financial sector focuses on digitalisation over Brexit preparations The financial service sector in the UK continues to face tough market conditions, with Brexit uncertainty and regulatory change on the horizon.
05 August 2019
Synechron Data Science solution to tackle LIBOR benchmarking Synechron has launched a LIBOR accelerator which uses Data Science to address the challenges of financial sector benchmarking.
29 July 2019
FCA fines balloon to £320 million in six months Amid mounting criticism for the UK’s financial watchdog, the organisation has handed out a record level of fines in 2019.
26 July 2019
RSM administrators appointed by Lendy Peer-to-peer loans company Lendy has fallen into administration, prompting an investigation from the UK’s financial ombudsman.
05 June 2019
Victims lose £27 million to cryptocurrency investment scams Cryptocurrency and foreign exchange investment scams saw victims in the UK lose some £27 million in the last financial year, new figures show.
30 May 2019
London forfeits title of ‘global financial hub’ to New York London has lost its title as the world financial hub to New York, just a year after gaining it, according to a survey of financial sector professionals around the world.
28 May 2019
RSM sells controversial UK wealth manager out of administration RSM has overseen the sale of UK financial advisory firm Mount Sterling Wealth out of administration.
26 March 2019
Administrators swamped by thousands of Wonga claims More than 40,000 Wonga customers are seeking compensation from the defunct payday lender, according to documents released by the Treasury Committee.
13 March 2019
Financial services has worst gender pay gap of any UK industry As the annual gender pay gap reporting deadline approaches in the UK, only around one in 10 of the organisations expected to submit their data have done so.
25 February 2019
Leonard Curtis oversees solicitors administration 26 jobs have been lost, as Just Costs Solicitors collapsed into administration at the end of January.
20 February 2019
Mercer looks to advance women's participation in financial services International wealth advisory firm Mercer has announced a strategic alliance with the Global Banking Alliance for Women.
15 February 2019
Four trends fuelling digital transformation in financial services Institutions in the financial services arena are spending billions on digital transformation programmes, but it doesn’t always turn out to be money well spent.
01 February 2019
Brexit and looming economic crisis hit financial services optimism The levels of optimism among the UK’s financial services sector remains at a worrying low, according to a new report co-authored by the country’s representative body for business interests.
21 January 2019
AutoRek's Consulting head on how tech can help overcome SFTR In the first quarter of 2020, Europe’s Securities Financing Transaction Regulation (SFTR) will come into effect.
17 January 2019
Fiduciary management market sees lowest growth since financial crisis A new study on the UK’s £142 billion fiduciary management market has found that it has suffered its slowest growth in a decade.
03 December 2018
Global banking facing 'anaemic' revenues a decade on from financial crisis A new study has found that banking revenues across the world have collapsed since the global financial crisis, as industry growth is running at less than half the historical average.
15 November 2018
FinTech and challenger banks rapidly changing financial landscape Newcomers in the UK financial services sector are eating into the market share of traditional banks at an unprecedented rate, according to a new study.
07 November 2018

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