LSBF Blog - Global Matters
Challenger banks are leading the way in the UK, outperforming their high street counterparts in meeting the needs of their customers when it comes to digital payments, innovative services and account connectivity, according to research from financial services technology provider FIS.
The third annual PACE (Performance Against Customer Expectations) study surveyed 1,000 British banking customers, asking them about their banking experiences and how well their provider is meeting their banking needs.Read more >>
Barclays is to create 100 new jobs as part of the bank’s plan to expand its private banking business and attract wealthy clients.
The new roles come three years after Barclays ended its first expansion plan, which was launched in 2010.Read more >>
Fifteen female entrepreneurs running businesses with an average growth rate of 115 per cent annually will be travelling to the US to strengthen London’s connections with Silicon Valley and learn about global opportunities.
The three-day event, which will take place on 19th June and will be led by London & Partners Chairman Rajesh Agrawal, London & Partners Principal Advisor on Growth Janet Coyle and SVC2UK Co-Founder and Chair Sherry Coutu CBE, will give female founders the opportunity to connect with US founders and potential clients and investors.
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Research from Collinson Group has revealed what UK financial services customers are looking for when it comes to loyalty programmes.
The research, which surveyed 2,250 consumers across the US, UK, Singapore and the UAE, found that 38 per cent of banking and financial customers in the UK feel as though they are rewarded for their custom.Read more >>
The UK unemployment rate has fallen to its lowest level in 42 years, according to the latest figures from the Office for National Statistics (ONS).
The figures showed a drop of 4.6 per cent in the UK’s unemployment rate, with the number of people out of work falling by 53,000 to 1.54 million in the three months leading up to March.Read more >>
The City of London has become a key global hub for fintech companies over the past decade, according to UHY Hacker Young.
Research from the national accountancy group showed significant growth in the City’s economy, making it the strongest in the UK over the past decade.Read more >>
Student and graduate recruitment app Debut has launched a national petition calling for the government to make it a requirement for employers to provide interview feedback for candidates.
The petition, which is part of Debut’s #FightForFeedback campaign, comes after research from the app found that over 80 per cent of candidates who have attended an interview have not received feedback.Read more >>
The top 12 degree subjects for getting a job have been revealed in new research from the Telegraph.
The data, which was obtained using the latest information from the Telegraph’s university course finder and originally sourced from The Higher Education Statistics Agency (HESA) for 2014-2015, ranks the top degrees for jobs, with subjects such as business and technology featuring on the list.Read more >>
Prospects has launched a special edition of the Graduate Market Trends journal to help people to gain a better understanding of the impact of the Apprenticeship Levy.
The journal was launched earlier this week and contains expert advice and insight into the Apprenticeship Levy, including the challenges that employers will face as a result of its introduction.Read more >>
Barclays is searching for female business talent in the North West region for the bank’s Celebrating North West Women in Business Awards 2017.
The awards will be recognising women and female-led businesses that have made a difference in business over the past year, with finalists being given the opportunity to attend an awards lunch at Tatton Park, Knutsford on Thursday 6 July.Read more >>
Businesses in the financial services sector felt more optimistic in the first quarter of 2017 than in the previous quarter, despite uncertainty over Brexit, according to the most recent CBI/PwC Financial Services Survey.
The quarterly report surveyed 98 businesses and found that the level of optimism was varied across sectors, with investment managers, building societies, insurance brokers and life insurers feeling the most optimistic in the first quarter of the year.Read more >>
A study commissioned by Lithium Technologies has revealed the banking preferences of adults in the UK, with over 60 per cent saying that they would prefer to do their banking online than at a physical branch.Read more >>
New research from CV-Library has found that professionals in London are the most keen to impress a new employer, with over 65 per cent of workers in the city saying that they aspire to impress their boss for as long as they are with the company.
The research surveyed 1,000 workers in the UK and revealed the steps that Londoners are taking to impress their new employer, with effectively managing their workload being the top approach at 22.4 per cent.Read more >>
Research from conference calling specialists Powwownow has found that 18 to 24-year-olds in London are the most likely to consider flexible working (85 per cent).
The company’s survey of 2,000 working professionals found that business leaders in London allow their staff to have a total of three hours and 31 minutes away from the office a week, compared to the average time of two hours and 34 minutes in the rest of the UK.Read more >>
Financial education in the workplace can help employees to cope with life issues, with 48 per cent believing that it would enable them to save for retirement, according to a report from Capita Employee Benefits.
The Insight report surveyed over 1,800 employees aged 16 or over in the UK and found that over 75 per cent believe that being provided with financial education would enable them to cope with issues such as saving for retirement or saving up for a deposit on a mortgage.Read more >>
Research from jobsite Adzuna has shown an increase in salaries for graduate jobs, with a rise of 2 per cent over the past year.
The research showed that the typical salary for graduates is now just under £24,500, whilst UK salaries have also started to rise again.Read more >>
The UK is to receive another challenger bank as Chicago-headquartered Iam Bank plans to expand and roll out online services, branches and financial workshops to consumers.
The company, which has dubbed itself the “Apple store” of banking, will be the first bank of its kind to offer learning and therapy-based financial workshops to help educate consumers on their financial decisions.
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Fintech investment between the UK and mainland Europe reached a two-year high in 2017 despite the uncertainties over Brexit, according to a report from professional services and Big Four firm KPMG.
The report showed that fintechs in the UK attracted $226 million in venture capital (VC) funding in the first quarter of the year, up by 28 per cent from $178 million in the fourth quarter of 2016.Read more >>
Barclays Bank is to offer employment opportunities across the UK, with 1,750 IT roles set to be made available at the company’s services centre.
The majority of the job roles will be based in the North West, but the company will also be offering employment opportunities in London.Read more >>
The Patent Box scheme was introduced by the UK Government in 2013 to encourage more investments in research and development.
After changes to the scheme by the EU in 2016, its appeal was reduced; however, this may soon be changed.Read more >>
In the past, most MBA graduates have chosen to become consultants in professional services firms or to work in banking after completing their education. However, this trend is changing.
With fintechs on the rise, students find them appealing; they are able to work in a fast-moving, innovative environment and see the results of their efforts - something they can’t often experience in the world of consulting.
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UK researchers have found that the brain is more stimulated when a person goes to university or takes up a leadership role at their workplace.
They believe that this can make people less prone to brain-related illnesses, such as dementia.Read more >>
Scottish Government-backed CodeClan is the UK’s first digital skills academy that has received full accreditation.
It has just started an intensive four-month training programme for candidates, who will be transformed into capable software engineers after completing the course.Read more >>
Banks are no longer worried about Britain leaving the EU, according to London-based finance headhunting firm Robert Walters. The recruiter stated that the banks are on a hiring spree across the UK, and this has prompted the company’s net fees to increase by 27 per cent in the first three months of 2017.
CEO, Robert Walters, stated that banks are positive about the UK now and are showing signs of commitment. They are looking for staff in specialised fields, such as investment management, cyber security, compliance and change management. There appears to be a great demand for specialists in these fields.Read more >>
A London-based IT services company has introduced gamification to help make its recruitment process more enjoyable for graduates.
FDM is looking to increase candidate diversity and make its graduate testing process more engaging with the introduction of Yellow Hook Reef, an assessment game by global game technology provider Arctic Shores.Read more >>