The UK banking sector is being transformed due a range of forces including evolving regulatory requirements, changing customer expectations and technological innovation.
A new breed of ‘challengers’ have been built from scratch; centred on customer needs, technology and agile innovation. They have acted as a technological catalyst for the traditional banking sector, with the biggest banks now focusing on digital transformation and improving customer service.
Alongside all this change, there has been a notable increase in regulatory focus. Stemming from the financial crisis and other highly publicised scandals, this focus has brought about regulation such as the second Payment Services Directive (PSD2) and SMCR. All banks, both ‘challengers’ and incumbents are also still under intense scrutiny for financial crime.
Did you know we have worked with some of the largest challenger banks in the UK?
Why work with us?
- We know the banking sector inside out as we have worked with the banks every day since our company started out.
- We undertake many annual assurance inspections on behalf of UK banks.
- We have deep domain experts who are ex-bankers and ex-regulators and so have extensive experience.
- We thrive on transferring this in-depth knowledge and understanding of the banking sector to you and your team.
- We provide you with trusted advice and assurance that adds value.
Get in touch...
Contact our expert, Director Rick Seehra