The Deals of the Year winners from Europe.

Mobile money, including banking and payments, is encroaching into the everyday life of the consumer. Monetising the business is still proving difficult, but thanks to the abundance of products available already, tangible business models are slowly emerging.

Vakibank's five-year plan to upgrade its IT infrastructure and completely remake its core banking application is ambitious but, according to CIO Ali Engin Eroglu, it is vital if the bank is to keep pace with Turkey's technology-focused banking sector.

As part of its drive to make the country more attractive to international investors and strengthen its economy, Turkey has kick-started a series of capital markets reforms by bringing its three exchanges under one roof, thus establishing the Borsa Istanbul.

Personalised and location-based marketing tactics could be a catalyst for higher usage of mobile payments and could, in turn, unlock new business approaches. 

UBS undertook one of the more radical post-crisis changes of strategy in 2012, and its head of European advisory, James Hartop, explains how the new structure enables his team to move beyond pure merger and acquisition work.

Growing risk appetite and low interest rates have ushered in a revival of the market for corporate hybrid bonds in Europe since the start of 2013, with Citi's new products team participating in many of the recent issues.