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Bank of England Stories - Page 2

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Bank of England stories

Revolut wins UK bank licence, plans major investment push
Fintech

Revolut wins UK bank licence, plans major investment push

Revolut secures full UK bank licence, pledging GBP £3 billion investment, 1,000 new jobs and a phased roll-out of FSCS-protected accounts.

By Karen Joy Bacudo • 4 min read • Thu, 12th Mar 2026
ACI backs UK banks' push for sovereign payment rails
Crypto

ACI backs UK banks' push for sovereign payment rails

ACI backs UK banks' drive for sovereign payment rails to cut reliance on Visa and Mastercard and bolster geopolitical resilience.

By Shannon Williams • 4 min read • Fri, 20th Feb 2026
Squirro adds LTS AI update for regulated enterprises
Document Management

Squirro adds LTS AI update for regulated enterprises

Squirro rolls out long-term support AI update aimed at frictionless, governed generative workflows in tightly regulated enterprises.

By Kaleah Salmon • 4 min read • Mon, 12th Jan 2026
Major UK & US firms cut hedging amid policy uncertainty
Risk & Compliance

Major UK & US firms cut hedging amid policy uncertainty

Major UK and US firms have reduced forex hedging amid policy uncertainty, but most plan to increase it significantly if interest rates rise in 2026.

By Sean Mitchell • 3 min read • Thu, 20th Nov 2025
Finance leaders scale back FX hedging as caution prevails in Q3
Risk & Compliance

Finance leaders scale back FX hedging as caution prevails in Q3

US and UK finance leaders cut FX hedging to lowest levels since 2024 start, but most will increase cover if interest rates rise next year.

By Kaleah Salmon • 3 min read • Tue, 18th Nov 2025
Machine learning model gives early warning on credit rating shifts
Risk & Compliance

Machine learning model gives early warning on credit rating shifts

A new machine learning model forecasts corporate credit rating changes early, aiding investors in managing risks amid rising borrowing costs.

By Catherine Knowles • 3 min read • Fri, 14th Nov 2025
UK shoppers plan record Black Friday spend, survey reveals
Supply Chain

UK shoppers plan record Black Friday spend, survey reveals

With inflation rising, 54% of British consumers plan to take advantage of Black Friday and Cyber Monday for their average Christmas budget of GBP £352.

By Sean Mitchell • 3 min read • Thu, 21st Nov 2024

Stories from Other Regions

Bank of England stories

Manchester fintech sector surges with GBP £1bn annual boost
Fintech

Manchester fintech sector surges with GBP £1bn annual boost

Manchester's fintech sector, now worth over GBP £1 billion annually, hosts FinTech North's conference highlighting innovation, diversity, and growth in the region.

By Sean Mitchell • 3 min read • Fri, 21st Nov 2025
UK shifts digital asset investment to institutional platforms
Crypto

UK shifts digital asset investment to institutional platforms

UK digital asset investments have shifted to institutional platforms, now capturing over 70% of funding with GBP £2.7 billion raised since 2015.

By Melania Watson • 3 min read • Fri, 21st Nov 2025
Budget 2025: Tech & finance leaders urge fintech reforms
Digital Transformation

Budget 2025: Tech & finance leaders urge fintech reforms

Canadian tech and finance leaders call for open banking reforms and streamlined regulations to boost innovation ahead of the federal budget announcement.

By Jake MacAndrew • 3 min read • Wed, 5th Nov 2025
Industry calls for caution on UK payment systems regulation revamp
FCA

Industry calls for caution on UK payment systems regulation revamp

UK payment industry urges careful regulation review to avoid oversimplifying FCA and PSR roles, ensuring consumer protection and innovation thrive.

By Sean Mitchell • 3 min read • Tue, 4th Nov 2025
UK businesses urged to blend agility & discipline for 2026 growth
Customer Experience

UK businesses urged to blend agility & discipline for 2026 growth

UK firms advised to combine agility and discipline in 2026 amid modest growth, tech advances, ESG focus, and evolving workforce and regulations.

By Shannon Williams • 5 min read • Thu, 30th Oct 2025
UK banks take an average of 65 days to update base rates
Digital Transformation

UK banks take an average of 65 days to update base rates

A study reveals UK banks average 65 days to update base rates and over six months to launch new features, slowing innovation amid rising customer expectations.

By Shannon Williams • 4 min read • Thu, 29th May 2025
Financial sector sets new baseline guidance for Gen-AI risks
Data Protection

Financial sector sets new baseline guidance for Gen-AI risks

The CMORG AI Taskforce, with City of London and UK Finance, publishes new AI Baseline Guidance to help financial firms manage generative AI risks across operations and compliance.

By Shannon Williams • 3 min read • Fri, 16th May 2025
Latos unveils swift AI-ready edge data centres in the UK
Accenture

Latos unveils swift AI-ready edge data centres in the UK

Latos has unveiled plans for small-scale volumetric data centres at the network edge, designed to bolster AI applications and enhance computing capacity across the UK.

By Kaleah Salmon • 3 min read • Thu, 30th Jan 2025
Encompass joins Financial Markets Standards Board as member
Fintech

Encompass joins Financial Markets Standards Board as member

Encompass has joined the Financial Markets Standards Board as an Associate Member, enhancing efforts to improve financial market standards.

By Sean Mitchell • 2 min read • Tue, 12th Nov 2024
Finance sector lacking third-party risk plans despite DORA push
Supply Chain

Finance sector lacking third-party risk plans despite DORA push

Only 20.8% of finance professionals have stressed exit plans with suppliers, despite DORA recommendations, highlighting a key vulnerability exposed by a recent CrowdStrike outage.

By Catherine Knowles • 4 min read • Fri, 23rd Aug 2024
REGnosys donates Rune code to FINOS to streamline compliance
Risk & Compliance

REGnosys donates Rune code to FINOS to streamline compliance

REGnosys has open-sourced its regulatory language Rune to FINOS, aiming to streamline compliance and reduce UK banks' annual reporting costs of up to GBP £4.5 billion.

By Kaleah Salmon • 4 min read • Tue, 2nd Jul 2024