Financial Services news in the UK | Page 9

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

Elixirr and Standard Bank launch international exchange programme South African banking group, Standard Bank, have seen two employees join management consulting firm Elixirr as part of a new international exchange programme between the companies.
23 June 2017
Canadian banks can do more to spur digital and multi-channel banking With consumers becoming increasingly tech-savvy, banks have rolled out a number of innovations to help them go about business, however a new study from Oliver Wyman states they could still do more.
13 June 2017
UK Millennials need to save £1 million for comfortable retirement Around £1 million is needed to retire with a similar quality of life to someone with around £24,000 per year in their mid-20s, a new study from Mazars has revealed.
13 June 2017
Blockchain technology set to transform supply chain and logistics Blockchain may not be a household word yet, but over the next decade its impact on businesses will rival the transformative capabilities of the Internet.
06 June 2017
Innopay supports Euro Banking Association deliver Open Banking paper The Euro Banking Association (EBA) has released a new paper into the impact of Open Banking within the industry.
31 May 2017
KPMG acquires FinTech matching platform Matchi KPMG has acquired FinTech and financial services matching platform Matchi.
31 May 2017
Interest in digital banking offers major opportunities for Gulf banks The market penetration of the internet in the United Arab Emirates and Kingdom of Saudi Arabia has opened up digital banking channels, the utilisation of which have increased significantly in recent
24 May 2017
Consultants continue to cash in on Irish bank liquidation bonanza The bill for liquidators and lawyers involved in the winding-down of the Irish Bank Resolution Corporation (IBRC), amounted to €215m in the 47 months leading to the end of 2016, according to a recent
23 May 2017
Former CLS Bank Managing Director Peter Lightfoot joins Elixirr Peter Lightfoot, former Managing Director of CLS Bank and RBS Short Term Markets, has joined management consultancy Elixirr as a Non-Executive Partner.
23 May 2017
MiFID II also impacts investment firms outside of Europe Ricardo Cruz, Senior Consultant at Delta Capita, explores the effects MiFID II will have on the business landscape outside of Europe.
18 May 2017
Market Gravity helps Clydesdale and Yorkshire Bank with innovation lab Clydesdale and Yorkshire Banks has partnered with design consultancy Market Gravity to develop, implement and launch an experiential banking innovation lab on Kensington High Street – Studio B.
17 May 2017
Medical costs continue to spiral for insurance industry Medical insurers are once more seeing costs rise almost across the board, and while companies are planning a range of wellness and health initiatives for employees, these are unlikely to impact on
16 May 2017
Investment banks continue to lose ground in capital markets industry Investment banks continue to lose ground in the capital markets industry, new research finds.
09 May 2017
PwC appoints leaders for Analytics, AI, Cybersecurity and FinTech arms In a bid to expand its footprint in the rapidly growing digital and technology-led innovation space, PwC, one of the major players in the field, has in recent weeks appointed a number of new senior t
09 May 2017
RegTech as a driver for regulatory and compliance cost reduction The emergence of new technologies in the regulatory space is offering financial services institutions growing possibilities to reduce costs and improve the quality of its regulatory response process,
04 May 2017
Interest in FinTech services highest among younger tech savvy users The financial services industry has, since the financial crisis, found itself operating in a rapidly evolving environment.
24 April 2017
Asian banking industry assets breaches $50 trillion barrier, top 30 banks Banks in Asia have, since the start of the decade, enjoyed steady growth to their assets. Total assets increased from around $37 trillion in 2010 to almost $55 trillion last year.
19 April 2017
FinTechs and incumbent FS firms increasingly leveraging partnerships The financial services landscape is becoming increasingly diverse as FinTechs develop new technologies and business models to woe customers away from incumbent financial players.
10 April 2017
Strategic approach to mergers & acquisitions key for insurance industry Changes in the insurance industry, largely the result of digitalisation of key processes inside and outside the industry, is creating new incentives to engage with industry and cross industry experti
05 April 2017
Risk, operations, technology and talent are key banking priorities The new regulatory landscape for banks is almost complete. Banks are now moving towards implementation of the new requirements, as well as compliance.
28 March 2017
Insurance industry to see profits eroded by InsurTechs and digital rivals The insurance industry is beginning to face the prospect of digital innovation affecting their business models.
22 March 2017
Credit Suisse outsources structured products business to Delta Capita European bank Credit Suisse has appointed Delta Capita to manage its structured products business across Europe, the Middle East and Africa (EMEA).
21 March 2017
Global pensions assets pool grows to $36.4 trillion, equities dominate The value of pension assets globally is up around 4% to $36.4 trillion, the majority of which (92%) is held by seven countries.
09 March 2017
The potential of blockchain as a future financial services infrastructure The potential for blockchain technologies to create considerable disruption in the financial services industry has created considerable hype, as well as spurred considerable effort to explore the phenomenon.
02 March 2017
FinTech sector sees venture capital pull back from angel/seed rounds FinTechs have seen total investment coming their way from an array of sources decrease significantly, falling from from $47 billion in 2015 to $25 billion last year.
28 February 2017
Insurer Alecta hires CGI to modernise its IT capabilities in five year contract Alecta, a Swedish insurance firm, has appointed CGI as its IT modernisation vendor. CGI will deliver a range of IT related services, for the five year contract valued at around €33 million.
28 February 2017
Blockchain set to become mainstream in financial services arena Nine out of ten executives in the financial services sector say that by 2026 blockchain will be a mainstream part of strategies and operations.
15 February 2017
Consumers trust digital operations of banks, yet a reality check may be looming Banks continue to be widely trusted by consumers to be secure and good stewards of their most intimate information.
13 February 2017
Blockchain technology can help banks redesign their banking processes Blockchain based technologies have the potential to disrupt the financial services industry, as reported by a host of industry independent players.
09 February 2017
FinTechs in asset management and capital markets are gaining share The FinTech scene in the asset management and capital markets space is, as it stands, relatively small, with the majority of focus for FinTech development going to the retail and corporate banking segments.
07 February 2017
Morgan Stanley executive Karen Jamesley joins Korn Ferry Hay Group Korn Ferry Hay Group has appointed Karen Jamesley, formerly an executive at investment bank Morgan Stanley, as a Senior Client Partner in the firm’s Executive Pay & Governance practice.
03 February 2017
New Capgemini incubator matches FinTechs with corporates Capgemini has developed a new initiatives to better support financial services players work together with FinTechs.
02 January 2017

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