EY | Global news | Financial Services

An overview of EY global news in the Financial Services industry:

United Kingdom

Europe | United Kingdom

EY launches Midlands financial services technology hub Big Four firm EY has launched a financial services technology hub in the Midlands. The news comes in response to growing regional sector demand for digital expertise.
20 October 2022
United Kingdom

Europe | United Kingdom

UK financial sector lags on boardroom parity Some countries in Europe are seeing financial services boardrooms approach senior-level gender parity. However, the UK’s reluctance to legislate on the matter means it lags behind leaders like France and Italy on the matter.
17 October 2022
Australia

Oceania | Australia

Digital transformation in financial services sees an upswing Executives and IT decision makers in the financial services industry believe cloud will be the most important technology to the success of their organisations over the next 12 months.
02 January 2022
United Kingdom

Europe | United Kingdom

EY plans to grow its financial services business in EMEIA EY’s financial services business is expected to add 3,000 roles to its Europe, Middle East, India and Africa headcount.
08 July 2021
Europe

Europe | Regional

EY and Sionic named Europe’s top wealth management consultancies Big Four firm EY and financial services specialist Sionic have been named Europe’s leading wealth management consultancies, taking home the top two awards at the 2021 WealthBriefing Awards.
29 June 2021
United Kingdom

Europe | United Kingdom

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
Canada

North America | Canada

Only 10% of Canadian asset managers have impact investment offering Only 10% of Canadian asset managers have an impact investment offering, according to a recent ESG investing survey by EY Canada.
13 May 2021
Hong Kong

Asia | Hong Kong

According to EY, most people in Hong Kong trust their banks According to a new study by EY, over half of people in Hong Kong trust their bank, mostly owing to the sector’s steady business performance, commitment to promises and transparency.
22 September 2020
Australia

Oceania | Australia

EY to manage administration of three Sargon companies Having been pushed into external administration by its creditors, Australian financial services firm Sargon has appointed EY to manage the administration of three of its subsidiaries in a bid to safe
20 February 2020
India

Asia | India

EY appointed to manage merger of three major banks EY has been called in to help with the mammoth task of merging three major Indian banks – Punjab National Bank, Oriental Bank of Commerce, and United Bank of India.
22 January 2020
Singapore

Asia | Singapore

Wealth advisory Fry Group makes senior appointments in Singapore
13 September 2019
South Africa

Africa | South Africa

South Africa is leading the boom in Fintech across sub-Saharan Africa A number of factors are combining to make sub-Saharan Africa (SSA) the ideal breeding ground for a booming Fintech market, and countries in the region are aware of this opportunity.
11 July 2019
Singapore

Asia | Singapore

EY launches six-month financial services start-up incubator in Singapore
19 March 2019
Singapore

Asia | Singapore

PwC and EY fintech leaders to speak at Money20/20 event in Singapore The respective Asia fintech leaders of Big Four professional services firms PwC and EY will appear among the featured speakers for next week’s Money20/20 event in Singapore.
12 March 2019
Europe

Europe | Regional

Swedbank hires EY to conduct forensics into money laundering Swedbank, one of the largest banks in Sweden, has hired professionals services firm EY to investigate the bank’s possible involvement in large scale money laundering.
26 February 2019
United Arab Emirates

Middle East | United Arab Emirates

Etihad Credit Insurance contracts EY for strategy advisory in the UAE The UAE’s federal export credit entity Etihad Credit Insurance has awarded a strategy and operational transformation contract to EY.
04 February 2019
Singapore

Asia | Singapore

Leading global consultants grace the stage for Singapore Fintech Festival
14 November 2018
Malaysia

Asia | Malaysia

Finance institutions in Malaysia most digitally evolved in ASEAN A recent industry survey conducted by Ernst & Young has revealed that the financial organisations of Malaysia have progressed further on their digital transformation journeys than their counterparts
10 September 2018
Asia

Asia | Regional

EY and the big banks exchange executives with new Asia appointments Professional services firm Ernst & Young and the big banks are exchanging executives in Asia according to recent reports, with ex-CIMB co-head of wholesale banking Mah Kah Loon inbound, and former EY
04 September 2018
United States

North America | United States

EY and Towers Watson launch world's first marine insurance blockchain platform Consulting firms EY and Towers Watson partnered with Microsoft and maritime industry players to pioneer a marine insurance blockchain solution.
05 June 2018
Africa

Africa | Regional

Healthcare insurance sector in Sub-Saharan Africa to boom over the next five years As certain key economies in Sub-Saharan Africa begin to mature, the total expenditure in the healthcare insurance segment is expected to balloon over the next three years, specifically in Kenya, Nige
07 May 2018
United Kingdom

Europe | United Kingdom

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
South Africa

Africa | South Africa

South African Banking sector at lowest point since Global Financial Crisis The slump in South Africa’s GDP has affected most sectors of the country’s economy, but perhaps none more so than the banking sector.
19 March 2018
United Kingdom

Europe | United Kingdom

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
Middle East

Middle East | Regional

Digital wealth managers and robo-advice to command Middle East market Digital wealth managers will control up to a third of the global wealth market by 2025 according to assurance and advisory firm EY, and the Middle East is no exception, with local firms looking to ca
20 February 2018
United Kingdom

Europe | United Kingdom

Banks shift focus to growth as regulatory pressure eases A decade later, banks are in a better position to withstand a financial crisis similar to that of 2008, according to a new report.
22 January 2018
United Kingdom

Europe | United Kingdom

Australian bank ANZ spends $20 million on consultants from EY Over the last financial year, leading up to 30th June 2017, the Australia and New Zealand Banking Group (ANZ) spent nearly $20 million on consultants from EY.
06 October 2017
United Kingdom

Europe | United Kingdom

Big Four firms increasingly tapped for Initial Coin Offerings After a fork in Bitcoin recently led to the creation of Bitcoin Cash, a separate cryptocurrency, clients of the world's four largest professional services firms are expanding their inter
12 September 2017
United Kingdom

Europe | United Kingdom

Big Four and Capgemini dominate best FinTech and InsurTech reports FinTech and InsurTech are causing massive disruption among their relevant sectors, as agile new start-ups utilise new technology to challenge long-term market incumbents.
06 September 2017
India

Asia | India

Creditors in India hire consultants for bankruptcy proceedings Creditors in India, including the country’s biggest lender State Bank of India (SBI) have hired top consultancy firms such as PwC, KPMG, EY, Deloitte and others at highly generous terms to assist wit
13 July 2017
United Kingdom

Europe | United Kingdom

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
United Kingdom

Europe | United Kingdom

Customer services and trust are key areas of concern for incumbent banks Incumbent banks face a considerably more fragmented financial services space as new digital banks and other financial services institutions begin to develop propositions to entice away customers.
10 October 2016

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