Posted By Anisa Choudhary
With open banking to be introduced in 2018, banks have provided a glimpse into what the practice will look like by contributing towards a £5 million prize fund for Nesta’s Open Up Challenge.
Lloyds, Barclays, Royal Bank of Scotland, and Santander are among the banks that have funded the competition, which offers fintech start-ups the opportunity to experiment with open banking.Read more >>
Research from Management Today and Vauxhall Motors has found over 35 per cent of 40-somethings in the UK are seeking university education or looking to obtain a qualification in the next two years.
The Changing Lanes report revealed career aspirations and workplace trends of Generation X. 40-somethings were found to be as ambitious as millennials when it comes to changing careers, launching a business or studying.Read more >>
Accounting and finance skills are among the most sought-after with employers in the professional services sector, according to youth charity Ambition.
The charity’s latest market insights for the third quarter of 2017 showed growth in jobs across a number of areas within the sector, including legal finance vacancies, despite uncertainty in the market.Read more >>
If you’ve recently become ACCA qualified – congratulations! The hard work has finally paid off and now is the perfect time to focus on your next steps!
Becoming ACCA qualified means you have just joined the finest ranks of accounting professionals. You’ve gained a globally recognised qualification which has the power to open up countless opportunities for you – read on to find out more about them.Read more >>
Research from global workspace provider Regus has revealed the expectations of professionals in the UK who are working remotely.
The survey explored the attitudes of over 1,500 professionals on flexible working and management, and found the majority of respondents believe remote workers should have regular contact with managers.Read more >>
Business communications company Maintel has explored the work preferences of younger and older employees. Their research found younger workers under 35 are more likely to feel productive when working from an office, compared to just 19 per cent of workers over 55.
The research surveyed 1,000 employed adults in the UK aged 18 and over. The results revealed why younger workers prefer to work from the office - with the main benefit being able to receive face-to-face support from experienced co-workers.Read more >>
Flexible working could help businesses attract the best, with over 60 per cent of employees saying they’d be more productive if they could work flexibly, according to research from social media training company Digital Mums.
The research found 68 per cent of employees would like to work flexibly, but just 12 per cent have asked their employer.Read more >>
HSBC is providing financial support to small organisations. This is following their recent announcement of a new £10 billion fund.
The money will be allocated across 43 branches in the UK and made available to all - including non-HSBC customers.Read more >>
Research commissioned by awards scheme One4all Spotlight Awards, has found Brits working for a smaller business are the happiest and most likely to enjoy their job.
The research surveyed 1,220 workers, and found over 30 per cent of employees working for a business with a maximum of nine members of staff, are happier than those working for a larger company.Read more >>
Sadiq Khan has announced that he aims to make London the best place in the world to work, by tackling inequality and improving workplace conditions.
Khan is encouraging employers to sign up to his Good Work Standard and calling for input that will promote better employment practices.Read more >>
Challenger banks in the UK are continuing to grow and outperform established banks, according to The Banker’s Top 1000 World Banks ranking for 2017.
The rankings showed a significant improvement in challenger banks such as Aldermore and Metro Bank, despite difficulties in the market.Read more >>
Professional services and Big Four company Deloitte has launched the first workshop of its Future FD Programme, which is run in partnership with professional recruitment company Pure.
The Future FD Programme has been running for seven years and focuses on the career progression of the next generation of finance professionals by helping them to become financial directors.Read more >>
Research commissioned by GSM London has highlighted the differences in attitudes between UK adults who say that they have a “career” and those who feel that they just have a “job.”
The research surveyed 1,000 adults in full-time and part-time employment and found that those who feel that the work that they do is just a job are unhappy, with 30 per cent of workers with a job being unhappy compared to just 11 per cent of those with a career.Read more >>
A £70 million regeneration plan to support growth and community development in London has been launched by the city’s mayor, Sadiq Khan.
The Good Growth Fund, which is part of “A City For All Londoners”, a document that outlines Khan’s growth plans for the city, will help to improve London’s community and support innovative projects that create new jobs.Read more >>
Research from e-commerce marketplace Groupon has found that 44 per cent of people in Britain believe that having further training and taking courses to learn new skills could help to significantly boost their earning potential.
The research found that 30 per cent of UK workers have actively boosted their skills by taking extra training and gaining qualifications over the past five years.Read more >>
More Brits are using digital banking to pay bills and manage their accounts, according to research from Swedish fintech company Trustly.
The research found that the UK is falling behind other countries when it comes to embracing online banking, but showed that Brits are still accessing their online bank accounts in record numbers.Read more >>
Britain is leading the way in fintech adoption in the developed market, according to a new report from professional services and Big Four firm EY.
EY’s fintech adoption index showed that 42 per cent of consumers in the UK are now using fintech services. However, there has been growth worldwide when it comes to the adoption of financial technology, with usage rates being high in emerging markets such as South Africa, China, India, Brazil and Mexico.Read more >>
Metro Bank tops biggest survey of financial consumers in Britain
News - Accountancy & Finance
Metro Bank has been named Britain’s most trusted financial provider, in the biggest survey of financial consumers in Britain. The survey was carried out by financial advice website Moneywise for the Moneywise Customer Service Awards 2017.
The challenger bank earned the top spot for the second year running, after 50,000 Moneywise readers provided feedback on major banks, insurance companies, and peer-to-peer lenders.Read more >>
Jobs review website Glassdoor, has revealed the top ten jobs for starting salaries.
The list highlighted the careers offering a starting salary higher than the UK’s national average of £27,600.Read more >>
Research from MetLife’s UK Employee Benefit Trends Study 2017, has shown employers are focusing on financial wellbeing in the workplace, with over 50 per cent saying they understand financial pressures staff face.
The research showed that 55 per cent of employees value benefits they receive at work as financial pressures rise - up by 25 per cent on MetLife’s 2015 study.Read more >>
Research from Employee Benefits and Staffcare has found that over 25 per cent of employers offer financial education initiatives.
The research questioned 271 employers and found that 32 per cent are planning to introduce financial education in the workplace.Read more >>
The UK ranks number one in Europe for venture capital and angel funding in the educational technology sector, according to London EdTech Week co-founder, and IBIS Capital Partner Benjamin Vedrenne-Cloquet.
The edtech sector is one of the fastest-growing in the UK, with angel capital and seed angel investors providing £178 million.Read more >>
Research from professional recruitment consultancy Robert Walters has shown that small businesses are missing out on skilled women, with just 12 per cent having a strategy in place to attract women returning to work after a career break.
But, businesses were found to be helping professionals returning from a break maintain a good work-life balance, with 64 per cent offering flexible hours, or the chance to work partly from home, and 70 per cent offering part-time work.Read more >>
World’s third largest financial services firm to be headquartered in London
News - Business & Economy
The world’s third largest financial services firm is set to be based in London. This is following the successful merger of financial software company Misys, and payments and lending technology provider D+H. The new merger has been named Finastra.
Finastra aims to provide the largest set of banking, lending, and capital markets software to businesses globally.Read more >>
Accountancyand finance magazine Accountancy Age has revealed its Women in Finance 2018 rankings, with top female figures from a wide range of finance firms, including professional services and Big Four firms EY and Deloitte, making the list.
The magazine put forward a list of female leaders to its readers and used their votes to identify the top 20 women across sectors such as business, finance, accountancy and the government.Read more >>