Financial Services news in Europe

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

Health insurer CZ on the journey to becoming a digital enterprise In its journey to becoming a digital enterprise, CZ took three crucial steps in the space of two years: transformation of IT, reassessment of business strategy and the decision to undergo major stand
22 January 2025
The EU AI Act: The impact on financial services institutions The EU AI Act is arguably the most significant and wide-reaching AI regulation to date issued by any jurisdiction.
07 January 2025
Richard Whiting on 4most’s expansion plans in the European banking sector Europe’s banking landscape is set for a raft of risk and regulatory changes in the coming year.
25 November 2024
FRP Advisory completes €91 million sale of Laiki Bank share portfolio The liquidator of the former Laiki Bank, FRP Advisory, has achieved a key milestone in the bank’s long-time restructuring process, with the completion of the sale bringing in around €91 million.
22 November 2024
Banca Investis partners with Bain & Company for AI-investment platform Banca Investis, an Italian investment and private bank, has launched a new investment advisory platform powered by generative AI, concepted and delivered in collaboration with Bain & Company.
22 November 2024
Banking-as-a-Service platforms: Considerations for selecting the right BaaS provider The use of Banking-as-a-Service (BaaS) platforms is gaining popularity among non-banking companies, providing them a ready-to-go platform to digitize and streamline their operations and rapidly scale
11 November 2024
Risk Data Aggregation and Reporting: Understanding the BCBS 239 Framework The BCBS 239 framework is crucial for strengthening banks’ risk data aggregation and reporting. Despite its importance, achieving compliance remains challenging for many banks.
05 November 2024
ESG data in banking: Turning a headache into a strategic advantage The role of data as a driver of ESG transformation within banking is unmistakable. Yet its sheer volume, complexity and scattered accountability makes data a hard to grasp phenomenon.
30 October 2024
Generative AI offers insurance sector multiple routes to adding value In the insurance industry, AI has so far had the biggest impact on the areas of claims, pricing, risk selection, and customer service.
08 October 2024
Halo Dot taps consultancy firm for European market expansion Halo Dot, a contactless payment solution startup, has announced a new collaboration with PaymentGenes, which will support the South Africa-born startup continue on its European growth journey.
02 October 2024
European and US corporate and investment banks book higher revenues and profits Major corporate and investment banks in Europe and the United States have enjoyed a good first half of 2024, with both revenues and profitability higher on the same period the year previous.
06 September 2024
ABN Amro Clearing signs IT consulting and services partnership with Levi9 ABN Amro Clearing has signed a partnership with Levi9, with the two companies to work together in the Netherlands and Romania on enhancing the bank’s technology capabilities.
29 August 2024
The world's top 10 investment apps (according to Sia Partners) Investment apps have brought revolutionary changes to the investment market, allowing individuals access to the stock market.
16 July 2024
Deutsche Bank division cuts external consultancy spend by 70% Deutsche Bank’s private banking division has slashed spending on external consultants by 70% under its new head, Claudio de Sanctis, as part of a broader effort to boost profitability following a fai
08 July 2024
Responsible Investments: A progressing and changing landscape While the shift to responsible investment to support ESG strategies has been on the rise for some time now, there are a number of significant challenges in the transition, including obstacles to Resp
31 May 2024
TBC Bank adopts hybrid workplace concept in new Tbilisi HQ TBC Bank, one of Georgia’s largest privately-owned banks, will soon unveil a new landmark office building to house its headquarters in Tbilisi.
03 May 2024
LeadingMile launches Salesforce test automation tool TARA LeadingMile has launched TARA for Salesforce, a new solution that helps financial services institutions streamline the way they update or refurbish their Salesforce systems.
09 April 2024
Xomnia supports insurer with data architecture journey Dutch data and AI consultancy Xomnia has helped the asset management division of Dutch insurance giant a.s.r. with developing and implementing a new data architecture.
03 April 2024
NBBI launches innovative Modura solution for financial caretakers The Dutch Industry Association for Financial Caretakers (NBBI) has launched Modura, a new solution that helps financial caretakers with seamlessly managing the finances of their clients – from taking
28 March 2024
Twinxter helps international bank with Obeya transformation process When the HR leadership team of Austria-based Erste Group Bank wanted to effectively prioritise its key objectives for the coming years, and align those to the bank’s overarching strategy, they setup
27 March 2024
'Insurance intermediaries should invest in digitalization' Intermediaries (or brokers) play a key role in ensuring that businesses and individuals can seamlessly access the insurance services of large insurers.
12 March 2024
Visa Consulting & Analytics launches AI Advisory practice Visa Consulting & Analytics has launched a new practice dedicated to AI consulting.
04 March 2024
Boosting credit risk assessments in banking with AI The assessment of credit risk demands a great deal of manual effort.
13 February 2024
Preference for cash over digital payments varies across Europe Despite the continued rise of digital payments, cash still is king in many European countries, according to a survey from BearingPoint, which asked respondents in Germany, Finland, France, Ireland, t
08 February 2024
Worldline working with BCG to reshape its strategic plan Paris-headquartered Worldline, one of the world’s largest payment services companies, has called on Boston Consulting Group (BCG) to help shape a new strategy that can restore the group’s image.
25 January 2024
Four financial services sustainability trends to watch in 2024 Sustainability continued to be a focal point for Europe’s financial services sector in 2023.
22 January 2024
Digital euro is coming, but some Europeans are not yet convinced The prospect of a digital euro is coming – and one in five Europeans said they would use it at least once a week, according to a survey from consultancy BearingPoint.
09 January 2024
Swedish credit manager Intrum taps Cognizant for tech upgrade Swedish credit manager Intrum has flown in the support of Cognizant to help the group modernise its core credit management technology platform.
25 September 2023
Dutch Association of Insurers taps INNOPAY for open finance The Dutch Association of Insurers has agreed a partnership with INNOPAY aimed at advancing the use of open insurance models within the sector.
21 September 2023
Innovation lessons for both financial services and energy While financial services institutions and energy companies are the world apart in terms of products and their core activities, they do share a number of strong similarities.
04 July 2023
Implementing ISO 20022 for cross border payments In March 2023, the ISO 20022 standard adoption for cross-border payments went live for SWIFT and EUR RTGS systems (Target 2 and EBA).
19 May 2023
Swiss government taps Alvarez & Marsal for Credit Suisse rescue The Swiss government has hired consultants from Alvarez & Marsal to facilitate its role in the acquisition of failed Swiss bank Credit Suisse by UBS.
05 May 2023

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