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.
A London-based start-up claims it is the first shariah-compliant fintech to be given regulatory approval in the UK.
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.
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.
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'.
The Bank of England is to maintain production of polymer-based £5 and £10 notes, despite protests from vegetarians and vegans over the use of animal fat in the new plastic money.
The Bank of England's new fintech accelerator is already bearing fruit. Following a successful proof-of-concept, one of the participants, Anomali, has been enlisted to help the bank monitor and mitigate cyber threats.
The founder and CEO of online investment manager Scalable Capital has lashed out at the Governor of the Bank of England Mark Carney, accusing him of a "deep miscalculation of priorities" for singling out robo-advisory services as a potential force for future financial instablity.
The UK treasury is set to roll out a new £1 coin in late March which it claims is the most resistant to counterfeiting ever produced.
We are aware of some people’s concerns about traces of tallow in our new five pound note. We respect those concerns and are treating them with the utmost seriousness.
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