PWCRSS

Fintechs – friends or foes?

Fintech – friend or foe?

Visa employees have a saying that “cash is our biggest competitor.” Mightier threats, however, are looming.

PwC blockchain aims to win Oscar for London insurtech

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PwC has created a working blockchain prototype for the London Market Target Operating Model (TOM) Innovation Exchange, as it seeks to use the tech for payments in the specialist insurance market. Completed over a six-week period, the proof of concept (PoC) focuses on “enhancing” interactions between multiple different London Market parties involved in a claims […]

Crypto Valley launch breathes life into blockchain and cryptography

Switzerland

Switzerland-based Crypto Valley Association has launched as the nation looks to boost its blockchain and cryptographic ecosystem. Headquartered in the Swiss canton of Zug, Crypto Valley is an independent, government-supported association which aims to foster the development of digital technologies in Switzerland and internationally. The association will support start-ups and established enterprises through policy recommendations, […]

Digital Asset teams with Accenture, Broadridge and PwC for blockchain growth

Blythe Masters, CEO of Digital Asset

New York-based Digital Asset Holdings, a developer of distributed ledger technology (aka blockchain), has teamed up with Accenture, Broadridge and PwC. Digital Asset says it has entered into non-exclusive strategic business relationships with the companies, and Blythe Masters, CEO of Digital Asset, says the alliances will “accelerate innovation” and “drive growth”. The Accenture relationship will […]

Correspondent banking faces ‘existential crisis’ warns PwC

Barclays' closure of correspondent accounts was discussed in the House of Commons

De-risking, motivated by short-term risk-reward calculations, should not be allowed to kill off one of the cornerstones of the global financial system. Rather than abandon correspondent banking relationships, banks should be thinking about investing in and automating their risk controls, according to a new whitepaper by PwC.

Automating incentives boosts bottom line

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Sometimes the least obvious changes can have a big effect, and very often those changes are in areas that might considered outside the remit of the people best placed to make them. Bank staff remuneration, for instance …

The fintech revolution heads for the clouds

Alexandra Foster is

Over the last decade the financial markets industry has experienced significant regulatory upheaval. We have witnessed a new approach to supervising financial institutions, with regulators moving from a “light touch” approach to an “interventionist” one

CBI/PwC survey sees rising optimism in UK financial services

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Optimism among UK financial services firms rose strongly in the three months to March and profitability improved in most sectors, according to the latest quarterly CBI/PwC Financial Services Survey, but despite overall business volumes continuing to increase, the pace of growth was the slowest in a year

Hybrid skills shortage threatens growth say international bank chiefs

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Limited availability of key skills is seen as a threat to growth prospects by 70% of chief executives in the financial services sector. A global survey by PwC shows that the disruptive impact of new technology and new competition in the sector has created new challenges for employers looking to hire in the months ahead. Concerns centre on the shortage of employees with the right combination of skills, with more than three quarters of executives looking for a broader range of skills when hiring than they did in the past.

FS sector to spend more on IT as confidence returns, says CBI/PwC

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UK financial services firms are increasing their spending on IT but may still not be doing enough to fend off competition, according to the latest survey of the sector from the Confederation of British Industry and PwC.

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