the growing demand for financial advice
The demand for financial advice in the UK has increased exponentially in recent years as more customers recognize the need for expert independent support with their finances. They need the help as current stock market volatility is making investment decisions more complex while low interest rates make getting the most from your money more difficult.
Pension freedoms, enabling everyone aged 55-plus to access their pension when they want plus the growing numbers of people starting pensions and investing for their future, means the demand for financial advisers will continue to outstrip the number of advisers in the UK for the foreseeable future.
Openwork research shows around two out of five adults (40%) worry they don’t know enough about money and feel confused while one in three (33%) say they are not confident with money and financial matters and one in five (21%) admit their personal finances are out of control. As the table below shows the concern spread across all age groups.
View whitepaper
Mobile Customer Engagement and the Rise of the App-Based Banking Landscape
Traditionally SMS-based services have been the mainstay of mobile banking, but this has changed in developed markets with the advent of smartphones and the rise of the app economy. As mobile apps become ever more sophisticated, mobile banking is being touted as a more convenient alternative to online banking. The Bank of America was one of the first banks to catch on to mobile banking. Its iPhone app lets its customers pay bills, transfer funds and locate ATMs and banking centers across the country. Due to the functionalities offered by such ap ...
Branching out - How banks can grasp the digital future
Banks are on the cusp of seizing a great opportunity. Organizations in the sector have made significant progress towards delivering a seamless digital customer experience but they are missing the final piece of the jigsaw.
This paper will demonstrate how to become a digital leader and guide you through:
• The essential checkpoints that any retail bank must address if it is to perfect the customer journey
• How to gain a critical competitive advantage in the market
• The three key considerations that will allow you to get the most out of ...
Beneficial Ownership Structures
Scandals such as the Panama Papers, Unaoil, and VimpelCom not only highlight the absolute need for robust customer due diligence (CDD), but have spurred the regulatory momentum for enhanced ownership disclosure and transparency. Failure to comply with the new, stricter regime carries significant reputational and financial risk for both corporations and individuals.
But while the penalties are clearly identifiable, peeling back the complex legal structures designed to conceal Ultimate Beneficial Ownership (UBO) represents a significant challe ...
Case Study – Swiss Airlines
73 destinations in 39 countries around the world. How does Swiss International Airlines manage worldwide bank accounts efficiently?
Swiss International Air Lines Ltd. (SWISS) has 250 employees who have signing authorizations connected with various bank accounts around the world. Formerly, every change to authorizations translated into a time and resource intensive application and approvals process. For that reason, the company introduced the TIS Cloud Platform. The Bank Account Manager (BAM) serves both as a common basis for efficient admini ...
100 Days To Success: A Treasurer's Guide To Career Advancement
The first 100 days in a new job are known to be crucial in setting the right course. The challenge facing treasurers is to acquire a quick overview, identify company-critical risks, introduce necessary measures at short notice and, at the same time, convince the new boss that they are also able to set the right strategic course.
This whitepaper outlines the five most important steps to which you as a treasurer need to pay attention if you are to be successful in your first 100 days. ...
Exclusive white paper
Einzigartige Wertsteigerung im Finanzwesen und anderen Bereichen mithilfe eines intelligenten Cloud-ERP
Finanzchefs stellen sich einer neuen Realität, wenn sie ihre Arbeitsweise ändern und ihre...