Following a live launch at the Bank of England, financial messaging network Swift has released a new business continuity service for operators of national high value payments systems.
The Bank of England has today launched an interactive guide to banknotes, as part of its ongoing commitment to building awareness of the security features the public should look for in Bank of England banknotes.
CHAPS, one of the core parts of the UK's financial infrastructure, marks its 30th anniversary this Sunday (9 February 2014). CHAPS is the UK's high value same-day payment system which processes significantly larger values than any other UK payment system, processing over 92% of all intra-bank payments by value in the UK.
The Bank of England has today published the findings of the Waking Shark II exercise, which tested the wholesale banking sector's response to a sustained and intensive cyber-attack.
The UK banking sector is a "long way away" from addressing deficiencies in "antiquated" IT systems, a senior Bank of England official has told a parliamentary inquiry.
The Bank of England has confirmed that the UK's banknotes are going plastic, beginning in 2016 with a fiver featuring the face of Winston Churchill.
Several UK financial institutions have been hit in the last six months by cyber-attacks, some of which have disrupted services, according to the Bank of England.
Britain's financial institutions must put concrete plans in place over the next few months to deal with the growing threat of cyber-attacks, the Bank of England has warned.
The Bank of England is to undertake a UK roadshow to gauge public opinion on the introduction of plastic banknotes.
The Bank of England's Virtual Tour is an app that lets you explore the famous Threadneedle Street building in the heart of the City of London. Discover the architecture, history and current role of the UK's central Bank through a series of stunning 360° panoramic images.
© Finextra Research 2014