The banking and finance industry is seeing an influx of new clients. Yet there hasn’t been a surge in qualified staff. This is forcing businesses to compete for key talent. One study found that banks are incurring up to £800 million a year in costs replacing people who leave as…...
Digital banking – nice to have, or essential?
Times of crisis force us to adapt, to take new and different approaches – and to question the existing ones in order to survive. The savings and loan collapse of the 1980s, the 9/11 attacks on New York, the sub-prime mortgage crisis were all pivotal moments that caused radical rethinking…...
How to Become an Investment Banker
Investment banking is a very popular career path among MBA graduates. While roles such as trader and analyst are accessible to candidates from a wide range of financial backgrounds, an investment banker position usually requires the high-profile skills and business acumen that only an MBA can give you. If you’re…...
What’s In Store For Banking In 2021?
Looking ahead to what is in store for the banking industry would be impossible without taking the pandemic’s transformational changes into account. Covid-19 has accelerated trends which were already underway in most industries, and banking is no exception. While the industry has been transforming for years, progress has been piecemeal…...
Working Toward a More Diverse Industry
Mortgage servicing companies and related businesses have worked to offer better diversity in their companies for many years, but those efforts came into even more focus in 2020 following months of protests and a renewed societal focus on questions of equality and how to move past lingering legacies of racism. The diversity movement strives to eliminate the glass ceiling minorities…...
Half of UK’s finance sector confirms diversity should be more of a priority in the workplace, with calls for action across the industry
Almost half (45%) of Britain’s banking/financial services workforce think their employer could do more when it comes to diversity, according to a report from UK-based tech-for-good developer, Culture Shift. Despite 74% of employees in the sector confirming that working somewhere with a diverse workforce is an important factor for their…...
Three Ways Finance Leaders Can Prepare for The Future of Work
Business leaders will long be remembered for their response to the coronavirus crisis. Some such as Marriott President and CEO Arne Sorenson will be applauded for their authentic leadership in these challenging times, while others including Morgan Stanley CEO James Gorman will be recognised for putting their employees’ job security first. However, according to…...
3 must-have CFO skills: Operating finance, strategy and communications
The most sure-fire way for aspiring CFOs to attract the notice of CEOs and boards is to bring a strategic mindset, communicate well and showcase a background in operational finance, recruiters say. The days of rising mostly through corporate accounting ranks are declining and taking that path can even be…...
How has productivity and efficiency been impacted by the coronavirus crisis?
To support its membership of over 100+ banks, insurers and asset managers with responding to the challenges posed by COVID‐19 (coronavirus), ORX has hosted two discussion calls each week where senior operational risk professionals meet to share insights, ideas and practice. The consensus view is that productivity within operational risk through the…...
Banks and fintechs need each other more than ever
The coronavirus pandemic has greatly strained financial services providers and even fintechs, despite their digital prowess, have not been immune to the economic downturn. With the exception of some of the largest providers, the vast majority of fintechs don’t have the benefit of mature customer bases to help weather the…...
