Key Trends: UK Financial Services Industry

The UK financial services market has navigated significant challenges since Brexit, including a weakened government, a challenging economic environment, and evolving global market dynamics. With the recent establishment of a stable government and the Bank of England's recent interest rate cut in a long time, attention turns to the future of the UK banking sector.

In this viewpoint, we examine the various forces influencing the industry and present our perspective on key trends likely to impact banking strategies and responses. Our analysis includes the rise of embedded finance products, such as buy now, pay later (BNPL), and the adoption of banking-as-a-service. We also review the UK's efforts to reclaim its leadership in payments, address digital fraud, and assess the role of generative AI in the market. Additionally, we explore trends related to the Digital Pound, ESG focus, and regulatory interventions.

Download our point of view to gain deeper insights into these emerging trends and their potential implications.