KPMG in the UK embarked on a journey of transformation during 2013, in pursuit of our strategic goal to dominate professional services. Our Annual Review highlights how we bring real benefits to our clients, our people and society as a whole.
After seven years of turmoil, the banking sector can finally shift focus from cleaning up the debris caused by the financial crisis and start making steps towards delivering sustainable growth and profitability.
Explore why technology firms should choose to invest in the UK. We consider what the UK currently has in its favour as it battles for technology investment.
Technology has revolutionised the day-to-day lives of individuals and organisations alike. But if we're to continue to benefit and to profit from it, and if we're to minimise the potential downsides, we're going to have make some choices.
We help our clients understand current issues and future trends in the world of work, and identify how they can enhance organisational performance through their people.
Explore the opportunities available for school and college leavers at KPMG.
Find out about careers for graduates from all degree disciplines in Audit, Tax, Advisory, Technology, Marketing and HR.
Keep up to date with the latest news and views from KPMG in the UK by following our twitter feed.
KPMG’s leadership blogs brings you insight, opinion and debate from our senior partners and industry experts.
Banks must redefine themselves in the coming years to secure their long-term futures. This means embracing new cultures, transforming their delivery capabilities, and replacing outdated infrastructures with modern, flexible technologies that enable product innovation and growth.
Undoubtedly challenges still remain. Value-driven, ethical approaches must be embedded. Transparent and efficient transactions need to be prioritised to ensure that UK banks can compete in today’s increasingly fair and efficient markets. Greater focus must be placed on better outcomes for customers to earn their trust. Lastly, banks must revitalise their business models not only to cut costs and remove unnecessary complications, but also to unify their businesses and implement effective risk management and controls.
If banks are to improve the way they behave as a business, they will need to implement first class strategic transformation initiatives. Technology will play a key role in helping UK banks to survive during a period of vast innovation and digital disruption. Robust central information systems and effective data management will underpin their success, however this will require significant investment.
The road ahead for UK banks is challenging, but the power of positive thinking should not be underestimated. At KPMG we believe the future is ripe for the taking and we can provide the forward-thinking insights and expert advice to help you navigate the path to long-term banking success.
The past six years have been traumatic for financial services. In his speech to the BBA Annual Banking Conference, Bill Michael looks to the next five years and what the future holds for the banking sector. Wherever the future takes us, the fundamental need that banks satisfy is at the heart of our society and it will not go away.
In this film Richard McCarthy and Giles Williams discuss how banks can look towards a brighter future and explore the implications of the forthcoming G20 Summit.
Watch the video here (external link).
In our latest UK banking benchmarking report Richard McCarthy sets out how, after seven years of turmoil, the banking sector can finally shift focus from cleaning up the debris caused by the financial crisis and start making steps towards delivering sustainable growth and profitability. The report also analyses the mid-year results, highlighting core trends and observations.
The outlook is positive for UK building societies. The mutual sector has seen continued growth throughout the year, but it must tackle a number of unprecedented challenges that it now faces.
The direction and details of regulatory reform need to be adjusted to facilitate the contribution of the financial sector to jobs and growth. This paper sets out specific proposals to promote and facilitate the contribution of the financial sector to the wider economy.
Following the election of the new European Parliament and ahead of the confirmation of the new Commission, KPMG has published a new report, New Commission, New Parliament, which analyses the changes required to the regulatory reform agenda to support the increasing emphasis in Europe on jobs and growth.
Read the global report, explore the data and compare UK customer experience against other markets.
Perspectives offers unique insight and opinion on emerging customer trends and channel developments in the Financial Services sector. Its aim is to help you understand how evolving customer needs, technological advances, changing regulation and new industry entrants are impacting the distribution landscape.
The 17th annual Future of Retail Banking Conference will see leaders from the UK’s biggest retail banks come together with innovative challenger banks and key industry influencers to debate how the sector needs to adapt to compete with new entrants, meet evolving customer demands and adhere to new regulation.
KPMG is sponsoring the BBA’s Better Banking – Building culture, ethics and standards for a good banking system. We will be presenting and debating core issues in these areas alongside Sir Nigel Wicks, Andrew Tyrie, The Hon Mr Justice William Blair and Karina McTeague amongst others.
Head of Banking
KPMG in the UK
020 7694 2785
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KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.