LSBF Blog - Global Matters
Research commissioned by data management vendor Relay 42 has shown that digital-only banks are becoming increasingly popular with Brits, with 27 per cent having already moved to a mobile-only bank and 26 per cent considering doing so.
The study surveyed over 2,000 Brits and identified the main reasons for respondents choosing to switch to digital-only banks, with more than half citing a better online experience and functionality.Read more >>
A report from Travelex Currency Solutions has found nearly 60 per cent of UK consumers want access to a banking marketplace to enable them to manage multiple accounts more easily.
The study surveyed 1,000 UK consumers and found that the number of money-related accounts has increased, with more consumers choosing to open accounts with fintech companies and challenger banks.Read more >>
A new survey from the Institute of Directors (IoD) has shown that UK entrepreneurs are feeling confident, with those who run young companies feeling more positive than those running established companies.
The research surveyed 628 members from entrepreneur group IoD99 and found that 83 per cent of entrepreneurs are feeling optimistic about their business prospects over the next year, compared to just 56 per cent of businesses in the IoD overall membership, who were surveyed in separate research.Read more >>
Research from financial services company Hargreaves Lansdown has revealed the top financial employee benefits.
The company’s report, entitled Workplace benefits, surveyed a total of 349 employers across the UK and found that workplace pensions are one of the most valuable financial benefits for employees, with this being cited by 36 per cent of respondents.Read more >>
More people in Britain are taking advantage of mobile payments, according to research from payment systems company Vocalink.
The company’s State of Pay 2017 report surveyed more than 2,000 British consumers across all age groups. They found that payment services provided by applications including Apple Pay, for example, are rising in popularity across the UK.Read more >>
Research from Robert Half has revealed which jobs will see the biggest salary increases in 2018, with several finance roles making the list.
The Robert Half 2018 Salary Guide revealed that junior developers top the list.Read more >>
Millennials are using their knowledge of technology and social media platforms to seek out new online investment platforms, according to a report from peer-to-peer (P2P) business lending platform ArchOver.
The report, entitled Next Gen: Investors and Savers, questioned 2,000 UK adults on how they feel about risk and investment in the current climate and found that more than 65 per cent are savers, with these respondents choosing banking methods such as savings accounts and pensions.Read more >>
Research from CV-Library has shown an increase in salaries across the UK, with a rise of 1.3 per cent last month compared with October.
The latest job market data also showed a rise of 1.9 per cent in salaries in November since the previous year, with many key sectors seeing growth.Read more >>
The latest Barclays Entrepreneurs Index has shown London continues to be the UK’s top city for entrepreneurship, with the number of high-growth businesses in the city increasing by 9 per cent year-on-year.
The annual index showed that the city accounts for 37 per cent of the UK’s high-growth companies and also has the highest overall number of private equity-backed companies at 204.Read more >>
Research from recruitment company Hays has shown two-thirds of financial firms will go ahead with their recruitment plans in 2018, despite Brexit.
The research surveyed more than 900 UK employees and employers from the banking and finance sectors.Read more >>
The Department for Business, Energy and Industrial Strategy (BEIS) has estimated that small and medium-sized businesses in the UK accounted for 60 per cent of employment in the private sector in the past year.
The figures showed that the number of SMEs in the UK has hit a record high of 5.7 million, up by 200,000 from last year and an increase of 2.2 million since the start of the millennium.Read more >>
Emerging banking technology is creating opportunities for finance brokers, according to asset finance company Copernicus.
The company said finance brokerages in the UK can offer personalised services by investing in better technology.Read more >>
Sixteen businesses that have accessed responsible business finance have been announced as finalists at the Citi Microentrepreneurship Awards.
The awards, which are run by the Citi Foundation in partnership with Responsible Finance, are a celebration of the best emerging micro-entrepreneurs and the responsible business finance providers that support themRead more >>
Research from Huawei has found that 85 per cent of people in Britain want to set up their own business, with 77 per cent planning to pursue their goals in 2018.
The study surveyed 5,000 people across the UK and revealed which cities are leading the way when it comes to career goals.Read more >>
Demand for permanent professionals increased in October, with an annual rise of 0.2 per cent in vacancies, according to the latest figures from the Association of Professional Staffing Companies (APSCo).
The data, which concentrates on professional recruitment, showed that while demand fell across all of APSCo’s core sector groups, permanent placements increased across a number of sectors.Read more >>
Research conducted for the Nottingham Building Society has shown that UK adults need more access to financial advice on how to save their money, with more than 20 per cent believing that they are not saving enough.
The research surveyed more than 1,000 adults aged 18 and over and found that young people are the most affected, with 30 per cent of under 35s believing that they are not saving enough as a result of not having enough access to financial advice, compared to just 12 per cent of adults aged over 55.Read more >>
A report from research and strategy firm Source Global Research has shown banks increased spending on consultants in 2016, with a growth of 8.4 per cent globally.
The Financial Services Consulting Market 2017 showed spending increased to £10.2 billion. Spending was up by 8.3 per cent in the global financial services industry, with the UK, US, and DACH being the biggest spenders.Read more >>
The Government’s Industrial Strategy has been launched to help boost skills, training and research in the UK.
Over the next three years, £725 million will be put towards the Industrial Strategy Challenge Fund to help make the UK the most innovative nation in the world by 2030.Read more >>
Professional services and Big Four firms Deloitte and PwC have joined an initiative that aims to boost the number of women in the technology industry.
The companies join 88 other firms that have signed the Tech Talent Charter, including banks and technology firms such as Lloyds Bank, Nationwide Building Society, Dell, and HP.Read more >>
Starling Bank has teamed up with mobile payment and loyalty platform Yoyo Wallet to give customers the opportunity to benefit from loyalty reward programmes from specific retailers whenever they make payments through Starling.
The challenger bank is the first bank in the UK to fully comply with the PSD2 EU-wide directive, which is a new open banking rule set to be introduced early next year that will enable consumers to select which third-party providers they wish to share their data with.Read more >>
Graduates are more drawn to companies that offer clear career prospects, according to research from GTI.
The study surveyed 949 students and recent graduates and questioned them about career expectations and what they look for in an employer. The results found more than 50 per cent favour employers that offer career progression opportunities.Read more >>
Lifelong learning and better career guidance could help boost growth and productivity in the UK, according to a report from the OECD.
The report, entitled Getting Skills Right: United Kingdom, showed 42 per cent of adults have a tertiary degree, compared to 34 per cent across the OECD. This suggests that an increasing number of people in the UK are completing higher education.Read more >>
A new guide has been published to show how the collaboration of fintech firms and banks could help improve the financial services industry and strengthen the UK’s position as a global fintech leader.
The guide, entitled Transformation and innovation: a guide to partnerships between financial services institutions and finTechs.Read more >>
Fintech businesses are the most ambitious when it comes to their fundraising plans, according to a report from professional services and Big Four firm EY.
The EY Fast Growth Tracker surveyed hundreds of UK entrepreneurs about their future funding plans and found that 34 per cent of fintech firms are aiming to raise £5 million for their next fundraising round.Read more >>
Last month, Times Higher Education reported that they expect over half of the 120 mainstream UK universities to commit strategically to online learning in the coming year.
It seems to mark a moment of intensifying e-learning growth in the UK - even more so as institutions aim to reach out to the global marketplace.Read more >>