EY | Global news | Banking

An overview of EY global news:

Middle East

Three quarters of top 20 banks in MENA have ESG strategies Banks in the Middle East and North Africa (MENA) are increasingly embracing ESG as a key mantra of doing business – but at the same time, they are struggling to put words into action.
13 November 2023
United Kingdom

Santander ditches EY as financial crime consultant Spanish financial giant Santander has received a refund from EY, after a project involving the firm’s financial crime team allegedly went wrong.
03 October 2023
Australia

Digital transformation in financial services sees an upswing Executives and IT decision makers in the financial services industry believe cloud will be the most important technology to the success of their organisations over the next 12 months.
02 January 2022
Europe

EY and Sionic named Europe’s top wealth management consultancies Big Four firm EY and financial services specialist Sionic have been named Europe’s leading wealth management consultancies, taking home the top two awards at the 2021 WealthBriefing Awards.
29 June 2021
United Kingdom

Wealth managers failing to adapt to ESG needs face client exodus In the face of continued concern about the sustainability of economic activity, just under half of investors still feel wealth managers do not adequately understand their ESG goals.
18 May 2021
Canada

EY Canada buys anti-money laundering specialist Resolution Inc. EY Canada has acquired Resolution Inc., a Montreal-based consulting firm focusing on anti-money laundering. Money laundering and associated crimes cost banks an estimated US$1.4-3.
12 January 2021
Hong Kong

According to EY, most people in Hong Kong trust their banks According to a new study by EY, over half of people in Hong Kong trust their bank, mostly owing to the sector’s steady business performance, commitment to promises and transparency.
22 September 2020
Europe

Alpha FMC, EY and Sionic lauded for wealth management services Three consulting firms – Alpha FMC, EY and Sionic – have been recognised as top consultants to Europe’s asset & wealth management industry.
07 February 2020
India

EY appointed to manage merger of three major banks EY has been called in to help with the mammoth task of merging three major Indian banks – Punjab National Bank, Oriental Bank of Commerce, and United Bank of India.
22 January 2020
Canada

Canadian consumers more than double fintech adoption Canadian consumer fintech (financial technology) adoption increased to 50% in 2019 from just 18% in 2017, a recent report from consulting firm EY found.
13 November 2019
Australia

Australians are increasingly tapping into FinTech services Australia is among six large markets across the globe that have experienced a remarkable jump in the level of financial technology (FinTech) adoption since 2017.
20 August 2019
Myanmar

Big-name consultancies in running for Myanmar banking contract Myanmar’s central bank has shortlisted Roland Berger and three of the Big Four for an advisory role in the country’s move to reform its banking sector.
06 August 2019
Kenya

Barclays Bank of Kenya looks to replace KPMG with EY as external auditors Drawing on the actions of its parent company Absa, Barclays Bank of Kenya is planning to terminate its relationship with global accounting and advisory firm KPMG, which has been its external auditor
08 May 2019
Europe

Swedbank hires EY to conduct forensics into money laundering Swedbank, one of the largest banks in Sweden, has hired professionals services firm EY to investigate the bank’s possible involvement in large scale money laundering.
26 February 2019
Malaysia

Finance institutions in Malaysia most digitally evolved in ASEAN A recent industry survey conducted by Ernst & Young has revealed that the financial organisations of Malaysia have progressed further on their digital transformation journeys than their counterparts
10 September 2018
Asia

EY and the big banks exchange executives with new Asia appointments Professional services firm Ernst & Young and the big banks are exchanging executives in Asia according to recent reports, with ex-CIMB co-head of wholesale banking Mah Kah Loon inbound, and former EY
04 September 2018
Latin America

Brazil and Mexico are the FinTech champions of Latin America Financial institutions, multinationals and investors worldwide are racing to understand how FinTech can benefit their businesses.
07 June 2018
United Kingdom

EY looks to grow Midlands financial services headcount threefold Global professional services firm EY has announced plans to triple its financial services team in the Midlands by 2020.
14 March 2018
Middle East

Digital wealth managers and robo-advice to command Middle East market Digital wealth managers will control up to a third of the global wealth market by 2025 according to assurance and advisory firm EY, and the Middle East is no exception, with local firms looking to ca
20 February 2018
United Kingdom

Banks shift focus to growth as regulatory pressure eases A decade later, banks are in a better position to withstand a financial crisis similar to that of 2008, according to a new report.
22 January 2018
United Kingdom

Australian bank ANZ spends $20 million on consultants from EY Over the last financial year, leading up to 30th June 2017, the Australia and New Zealand Banking Group (ANZ) spent nearly $20 million on consultants from EY.
06 October 2017
India

Creditors in India hire consultants for bankruptcy proceedings Creditors in India, including the country’s biggest lender State Bank of India (SBI) have hired top consultancy firms such as PwC, KPMG, EY, Deloitte and others at highly generous terms to assist wit
13 July 2017
United Kingdom

Risk, operations, technology and talent are key banking priorities The new regulatory landscape for banks is almost complete. Banks are now moving towards implementation of the new requirements, as well as compliance.
28 March 2017
United Kingdom

Customer services and trust are key areas of concern for incumbent banks Incumbent banks face a considerably more fragmented financial services space as new digital banks and other financial services institutions begin to develop propositions to entice away customers.
10 October 2016
United Kingdom

Importance of banking sector is sliding down globally, says EY Banks are across the globe becoming progressively less relevant to their customers.
04 October 2016
United Kingdom

Optimism of European banking industry at 4 year low Following the global financial crisis, banks in Europe found themselves in considerable strife.
25 April 2016
United Kingdom

EY: Islamic banking growth on the increase across globe Islamic banking, termed participant banking, is outgrowing conventional banking in many of the world’s predominantly Islamic countries.
19 January 2016
United Kingdom

EY becomes the first Big4 member of Innovate Finance EY is the first of the Big Four to become a member of the Innovate Finance, an organisation whose aim it is to advance UK based FinTech. EY will help member companies to accelerate their growth and FinTech offerings, as well as helping larger resea
31 August 2015
United Kingdom

EY launches Global Innovation Centre in Madrid, Spain Professional services firm EY has opened a Global Innovation Centre in Madrid, Spain.
28 July 2015
United Kingdom

Alternative finance market booming, grows to 3 billion Alternative financial markets in Europe came in at €2.9 billion in 2014, with a 144% growth since 2013, a recently released report between EY and the University of Cambridge reveals. With the UK providing the overlarge segment of
02 March 2015
United Kingdom

EY replaces Deloitte as Royal Bank of Scotland auditor EY has been selected by Royal Bank of Scotland to replace Deloitte as its auditor as of 2016. The decision follows new regulations that require companies to switch auditors every decade. As a result of EY’s new co
07 November 2014
United Kingdom

EY: Bitcoin game changer for financial industry Bitcoins have the potential to be a game changer for the financial services industry. If the governments and the financial sector find the right way to regulate the digital currency munt, then the chances of this happening are relatively high, conclude
16 December 2013

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