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Bank of England looks into Metro Bank's data security issues

News | Digital Identity, Security & Online Fraud | 03 Apr 2024

The Bank of England has launched an investigation into allegations regarding potential security risks concerning customer data at Metro Bank.

banks, data protection, data privacy, cybersecurity

BoA and HM Treasury respond to CBDC consultation

News | Cryptocurrencies | 29 Jan 2024

The Bank of England and HM Treasury have issued an official response to a consultation concerning the digital pound.

cryptocurrency, CBDC, digital assets, financial institutions

UK regulators propose oversight for financial third parties

News | Online & Mobile Banking | 07 Dec 2023

The Bank of England, Prudential Regulation Authority and Financial Conduct Authority have proposed measures to oversee third-party services.

partnership, regulation, compliance, financial services

Bank of England partners with Nuggets to improve CBDC security

News | Cryptocurrencies | 07 Jul 2023

UK-based Nuggets has partnered with the Bank of England to experiment and design a privacy and identity layer for the UK’s CBDC.

CBDC, data privacy, partnership, central bank

Bank of England set to decline Revolut's application for banking licence

News | Online & Mobile Banking | 22 May 2023

The Bank of England has told the Treasury that it is planning to reject Revolut's application for a banking licence, after a two-year campaign by Britain's most valuable fintech company.

banks, banking license, fintech, payments , crypto

Bank of England released updated report on climate risks

News | Online & Mobile Banking | 14 Apr 2023

Bank of England has released its updated report on climate risks and the regulatory capital framework, to offer an overview of the situation for banks and FIs. 

product upgrade, product launch, online banking, digital banking, mobile banking, risk management, fraud management

Bank of England plans to change the capital treatment for small business

News | Online & Mobile Banking | 20 Mar 2023

The Bank of England’s Prudential Regulation Authority has revealed its plans to change the capital treatment for small business lending.

SME lending, banks, banking, regulation

HM Treasury and the Bank of England consider introducing a CBDC

News | Cryptocurrencies | 08 Feb 2023

The Bank of England and HM Treasury have published a new paper that explores the introduction of a central bank digital currency.

cryptocurrency, CBDC, banks, digital assets

The Prudential Regulation Authority sets new priorities for 2023

News | Payments General | 12 Jan 2023

The Prudential Regulation Authority (PRA), the regulatory arm of the Bank of England, has set out its priorities for 2023 in a letter to chief executives of institutions.

banks, risk management, regulation, central bank, financial institutions

Bank of England explores a CBDC wallet proof-of-concept

News | Cryptocurrencies | 12 Dec 2022

The Bank of England has opened applications for a proof-of-concept CBDC wallet that would be able to hold a central bank digital currency (CBDC).

CBDC, central bank, cryptocurrency, digital assets

Bank of England to support market functioning

News | Payments General | 17 Oct 2022

Bank of England has announced a temporary and targeted intervention against the backdrop of an unprecedented reprising in UK assets.

banks, regulation, financial services, risk management

British fintech Fiinu scores banking license

News | Online & Mobile Banking | 11 Jul 2022

UK-based fintech group Fiinu has obtained its deposit-taking bank license from the Bank of England (BoE).

banking license, fintech, lending, bank account

Bank of England calls for greater crypto regulation

News | Cryptocurrencies | 08 Jul 2022

The Bank of England has published its Financial Stability Report, which calls for greater regulation of the crypto-asset sector.

crypto, regulation, central bank, stablecoin

Kroo receives banking licence

News | Online & Mobile Banking | 27 Jun 2022

UK-based digital bank Kroo has been granted its full banking licence by the Bank of England

banks, banking license, digital banking, mobile banking, financial services

UK credit card borrowing at record high, Bank of England data shows

News | Cards | 01 Jun 2022

The Bank of England (BoE) has released a survey revealing UK credit card borrowing soaring by most since 2005 as cost-of-living margins tighten.

credit card, credit scoring, lending, financing