Fintech is more than just a buzzword, it is a revolution that will have profound implication for the financial services industry, according to Bank of England executive Andrew Hauser.
The Bank of England is announcing today, Thursday 5 October, that it has entered into 10 year contracts with both CCL Secure Limited and De La Rue to supply the polymer substrate for the next £20 banknote, to be issued in 2020.
Today, Thursday 14 September, we have issued the new £10 note.
The Payment Systems Regulator (PSR) and Bank of England (BoE) have today announced that the Payment System Operator Delivery Group (PSODG) has completed the necessary steps to deliver against the mandate that the regulators tasked it with.
Visa has appointed former Bank of England deputy governor and chief operating officer Charlotte Hogg as the new head of its European operations.
Clearing houses in the UK will have to complete regular cybersecurity reports due to new legislation likely to be introduced in May 2018.
In a decision that will anger vegans across the UK, the Bank of England has rejected the introduction of palm oil as a replacement for the use of animal fats in future production runs of polymer bank notes, citing environmental concerns and excessive costs.
Today, on the 200th anniversary of Jane Austen’s death, Governor Mark Carney unveiled the design of the new £10 note featuring the world-renowned author.
The Bank of England has extended direct access to RTGS accounts to non-bank payment service providers as part of a wide-ranging effort to inject more competition and innovation into the UK's payments systems.
The Bank of England says that a distributed ledger technology proof-of-concept with Ripple has reinforced its intention to make a new real-time gross settlement (RTGS) platform compatible with DLT usage in the private sector.
© Finextra Research 2017