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No news found.
Wealth managers failing to adapt to ESG needs face client exodus
In the face of continued concern about the sustainability of economic activity, just under half of investors still feel wealth managers do not adequately understand their ESG goals.
18 May 2021
Nine-in-ten bank boards lack professional technology experience
Around 90% of board directors at leading banks have confessed to lacking professional technology experience.
06 April 2021
Covid-19 aftermath could wipe off $4.7 trillion from banking sector
The global banking sector faces a multi-trillion stress-test in the coming three years, according to a new review of the industry by consulting giant McKinsey & Company.
13 January 2021
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
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
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
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
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
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
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
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
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
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
Asset management sector doubles holdings to $79 trillion in 10 years
Asset managers had a strong 2017, as new money entered their catchments, global markets boomed and new products were developed.
31 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
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
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
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
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
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
European Fintech market investment increases as market matures
European fintech investment was robust over 2017, totalling around $4.7 billion, according to a new report.
07 March 2018
Insurance industry embracing social media but struggles with pace of change
While insurance companies are strongly committed to using social media channels for branding and customer service, they are leaving potential untapped, according to a new study.
02 March 2018
Pension funding across top 22 markets hits $41 trillion
The pension funds of 22 of the world’s largest countries has topped more than $41 trillion in asset value, buoyed by strong equity results over 2017.
01 March 2018
Banks to improve customer services offerings as economy stabilises
As the global economy moves towards steady growth – with rates expecting to see rises over the coming years – banks are entering a more stable mode of operation.
28 February 2018
Value of Initial Coin Offerings market breaks through $4 billion barrier
According to a new report, the total value of Initial Coin Offerings has breached the barrier of $4 billion globally.
29 January 2018
Banks payment revenues to hit $1 trillion by 2026
Banks’ payment segments are set to see strong growth in retail and wholesale markets on the back of booming emerging markets – boosting revenues by $1 trillion to 2026.
05 January 2018
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