More than 1,000 bank branches have been shuttered in the past two years, with HSBC closing 27% of its branches and Lloyds closing 14%.
With blockchain, "we may see the financial services industry becoming more streamlined and efficient," says the U.K. actuary department.
"The U.K.’s referendum on its E.U. membership is a major issue for us to deal with," says Inga Beale, chief executive of Lloyd's of London.
For those looking to get into a top U.K. bank, "the wearing of brown shoes with a business suit is generally, though not always, considered unacceptable," says a new study.
A person's voice pattern is as unique as their fingerprint, so Barclays is ditching security passwords in favor of voice biometrics.
Overall, the Edinburgh-based bank spent some £1.4 billion on an IT system for W&G, which it will now try to sell off instead of developing.