Articles with tag like: Bank of England

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Large internet companies demanded to tackle online scams in the UK

News | Digital Identity, Security & Online Fraud | 22 Mar 2021

Bank of England Governor Andrew Bailey has been lobbying the British government to initiate a legal requirement for large internet companies such as Google to take down financial fraud websites.

financial crime, bigtech, Bank of England, fraud detection, scam

Bank of England selects Appvia to create a new cloud environment

News | Online & Mobile Banking | 04 Dec 2020

The Bank of England has appointed self-service cloud-native delivery platform Appvia to support the creation of a new cloud environment.

Bank of England, Appvia, partnership, product launch, cloud, digital banking, compliance

Iwoca looks to increase CBILS lending to GBP 200 mln

News | Payments General | 13 Nov 2020

UK-based fintech and participant in the Coronavirus Business Interruption Loan Scheme (CBILS) Iwoca has declared intentions to double the amount it lends through the government-backed loans.

iwoca, UK, CBILS, lending, fintech, coronavirus, Bank of England, British Business Bank, SME

Tymit, Modulr partner for real-time payments

News | Online & Mobile Banking | 10 Nov 2020

Mobile-enabled instalment credit card Tymit has partnered with fintech Modulr to bring real-time payments to Tymit cardholders, according to the official press release

Tymit, Modulr, real-time payments, fintech, partnership, credit card, instalment, payments infrastructure, revolving balance, Bank of England, API, Faster Payments

UK banks to rise the cost of credit card borrowing, Bank of England says

News | Cards | 16 Oct 2020

Bank of England has revealed rising rates in approach to Christmas and lenders’ plans to restrict loan products soon.

Bank of England, cards, credit, mortgage, lending, industry survey, credit card borrowing, credit cards, cards, UK, United Kingdom

Central banks discuss digital currency amid Facebook's Libra and China's digital yuan

News | Cryptocurrencies | 12 Oct 2020

A group of seven major central banks including the US Federal Reserve have discussed how a digital currency could look like to help catch up with Facebook’s Libra and China’s digital yuan.

Central banks, CBDC, Bank of England, digital renminbi, Facebook Libra, US Federal Reserve

BIS, central banks publish CBDC report laying out key requirements

News | Cryptocurrencies | 12 Oct 2020

The Bank for International Settlements (BIS) together with a group of seven central banks have published a central bank digital currency (CBDC) report laying out key requirements for CBDC.

CBDC, BIS, Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, Sveriges Riksbank, Swiss National Bank

ISO 20022 migration to continue despite delays, Deutsche Bank paper

News | Online & Mobile Banking | 25 Sep 2020

Deutsche Bank has released a new ‘Guide to ISO 20022 migration’ whitepaper, which offers an update regarding industry shift to the de facto global standard for financial messaging: ISO 20022.

ISO 20022, Deutsche Bank, migration, report, Guide to ISO 20022, industry shift, financial messaging standard, global standard, SWIFT, market infrastructures, correspondent banking, Transaction Management Platform, TMP, central transaction processing, ECB, EBA clearing, Bank of England

eCurrency brings CBDC benefits to all in ecosystem utilising digital symmetric core currency cryptography (DSC3) technology

Interviews | Payments General | 04 Sep 2020

‘Choices around the technology used for CBDC are important as they would have a significant impact on the extent to which CBDC meets our overall objectives’, The Bank of England

central bank digital currency, Lars Arvidsson, eCurrency, Bank of England, DLT, digital wallets, Central banks, commercial banks, Digital Secure Currency, payment cards, Mobile Money wallets

On a mission to change business banking for next-gen businesses - interview with Cashaa

Interviews | Payments General | 28 Aug 2020

The Paypers sat with Janina Lowisz, Co-Founder & VP Corporate Services, Cashaa to learn what next-generation crypto friendly banking services mean

Janina Lowisz, Cashaa, cryptocurrency, crypto payments, banking, fintech, bank account, online payment processor, FCA, Bank of England, IBAN, euro, Bitcoin

Bank of England selects Accenture for RTGS overhaul

News | Payments General | 03 Aug 2020

Bank of England has selected Accenture for the overhaul of its Real-Time Gross Settlement (RTGS) service.

Bank of England, Accenture, RTGS, data, payments

UK-based large businesses observe long road to recovery, Deloitte survey

News | Payments General | 20 Jul 2020

Deloitte has released a survey stating that 49% of the UK’s biggest companies think it will take until the second half of 2021 to recover from the coronavirus pandemic, according to Reuters.

UK, United Kingdom, large businesses, Deloitte, coronavirus, pandemic, Reuters, recovery, Bank of England, Decision Makers’ Panel, jobs, investment, balance sheet, economy

BoE considering the launch of a digital currency

News | Cryptocurrencies | 14 Jul 2020

Bank of England (BoE), UK’s central bank, has announced the possibility of launching a digital currency.

BOE, digital currency, Bank of England, UK, banks, central bank digital currency, CBDC, payments, coronavirus, COVID-19

UK-based alternative lenders' access to BoE's fund scheme blocked by incumbents

News | Payments General | 14 Jul 2020

HM Treasury has told non-bank lenders dishing out government-backed loans that they won’t have access to finance from the Bank of England, according to altfi.com. 

UK, alternative lenders, BOE, Bank of England, incumbents, HM Treasury, non-bank lenders, government-backed loans, British Business Bank, fintech loans, fintech

BIS Innovation Hub to expand to new locations in Europe and North America

News | Payments General | 01 Jul 2020

BIS Innovation Hub has announced plans to extend its reach with new centres over the next two years in collaboration with central banks from Europe and North America.

BIS Innovation Hub, Europe, North America, Central banks, BIS Innovation Hub, fintech, Bank of Canada, Bank of England, European Central Bank, Eurosystem, Danmarks Nationalbank, Central Bank of Iceland, Central Bank of Norway, Sveriges Riksbank, Federal Reserve System, Hong Kong Monetary Authority, Monetary Authority of Singapore, Swiss National Bank

As British economy shrinks record 20%, Bank of England 'ready to act'

News | Payments General | 15 Jun 2020

Bank of England has announced it will be ‘ready to take action’ to help the UK economy weather the coronavirus crisis, according to BBC.

Bank of England, coronavirus crisis, economy, finance, PLAN, UK, digital, crisis

Bank of England releases recession warnings

News | Payments General | 07 May 2020

The Bank of England has warned that the UK economy will be hit by recession because of the coronavirus pandemic.

Bank of England, recession, coronavirus, pandemic, technical recession, economic decline, interest rates, economic challenge

Barclays profits plunge with 40 percent

News | E-invoicing, SCF & E-procurement | 30 Apr 2020

UK-based bank Barclays has announced profits plunged 40% in the first quarter of 2020 as the economic impact of coronavirus battered its customers and prevented them repaying their loans.

Barclays, COVID-19, coronavirus, loans, banks, credit card, SMEs, CBIL, capital, UK, Bank of England

Digital currency issuance could involve private companies, Bank of England says

News | Cryptocurrencies | 08 Apr 2020

Bank of England (BoE) analysts working on the UK’s central bank digital currency (CBDC) initiative have said during a webinar that there was a distinct possibility that private companies could play a larger part in the issuance and distribution of money.

Bank of England, BOE, central bank digital currency, CBDC, UK, cryptocurrency, Facebook, Libra, stabelcoin, data privacy

Bank of England considers introduction of digital currency

News | Cryptocurrencies | 16 Mar 2020

The Bank of England has issued a discussion paper considering the introduction of a digital currency in the UK for use by businesses and customers.

Bank of England, digital currency, central bank, bank transactions, bank account, digital pound, United Kingdom