23 June 2017

Latest articles for Bank of England


UK banks will need to change one million sort codes under ring-fencing rules

19 June 2017  |  7597 views  |  2 News

The UK's banks will have to change one million customer sort codes under new ring-fencing rules set to be introduced in 2019.


UK digital challenger CivilisedBank gets licence

23 May 2017  |  7037 views  |  0 News

Branchless CivilisedBank has received a licence from the Bank of England ahead of a planned launch early next year.


Red-faced Carney joshes with e-mail prankster

23 May 2017  |  7229 views  |  0 News

Bank of England governor Mark Carney is the latest top banker to have fallen victim to an e-mail prankster, joking with the culprit about the drinking habits of former governor Eddie George.


Bank of England to take over running of Chaps as RTGS make-over comes onstream

09 May 2017  |  15955 views  |  1 News

The Bank of England is to take over the direct running of the UK's Chaps high value payment system as part of a blueprint for a rebuild of its real-time gross settlement platform to accommodate new market entrants and a future-proofed interface to distributed ledger technology.


Delivery plan agreed for consolidation of UK payment schemes

04 May 2017  |  8883 views  |  1 News

The UK's Payment Systems Regulator and the Bank of England have agreed a framework for the consolidation of Bacs, the Cheque and Credit Clearing Company and the Faster Payments Scheme.


Bank of England accelerator to tackle Big Data and privacy in distributed ledgers

19 April 2017  |  10373 views  |  0 News

The Bank of England is inviting applications for its latest accelerator project with an emphasis on conducting proofs of concept around machine learning and privacy in distributed ledgers.


First Islamic fintech gets UK regulator's approval

10 April 2017  |  6773 views  |  0 News

A London-based start-up claims it is the first shariah-compliant fintech to be given regulatory approval in the UK.


Bank of England may ditch animal fat for palm oil in new plastic £20 note

30 March 2017  |  4352 views  |  0 News

The Bank of England is mulling over whether to jump out of the frying pan and into the fire, replacing the use of animal fat in polymer bank notes with environmentally controversial palm oil.


Bank of England sets up fintech Community; runs blockchain and AI trials

17 March 2017  |  23045 views  |  0 News

The Bank of England's fintech accelerator programme has launched a new community forum for innovation talks and two new proof of concept trials exploring the use of AI and distributed ledgers.


Millions of jobs at risk in Fourth Industrial Revolution - BofE staff blog

01 March 2017  |  7180 views  |  2 News

Economic arguments that the use of new technologies and artificial intelligence will lead to a reallocation of human labour to more productive tasks could be seriously wide of the mark, argues a staff paper on the Bank of England's unofficial Undergound blog, which holds out the possibility that millions of jobs may be at risk in the forthcoming 'Fourth Industrial Revolution'.

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