Bank of England

The Bank of England (BoE) is the UK's central bank. Our mission is to deliver monetary and financial stability for the people of the United Kingdom.

(source: bankofengland.co.uk)

BoE Urges UK Payment Firms to Upgrade Operational Resilience
BoE Urges UK Payment Firms to Upgrade Operational Resilience
April 30, 2024  |  Payments As A Service

Are companies offering payments services in Great Britain prepared for disruptions such as cyberattacks? Sasha Mills, executive director for financial market infrastructure (FMI) at the Bank...

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Bank of England Seeks Input on Retail, Wholesale Payments Technology
Bank of England Seeks Input on Retail, Wholesale Payments Technology
April 15, 2024  |  Payment Methods

The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on...

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UK Plans Stablecoin, Crypto Staking Legislation For Summer
UK Plans Stablecoin, Crypto Staking Legislation For Summer
April 15, 2024  |  Cryptocurrency

The British government is reportedly readying legislation for stablecoins and crypto staking, exchange and custody.  “We are now working at pace to deliver the legislation to put...

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Central Banks and BIS Test Tokenization to Speed Cross-Border Payments   
Central Banks and BIS Test Tokenization to Speed Cross-Border Payments   
April 03, 2024  |  Cross-border Payments

Tokenization is gaining momentum on the global stage, and with commercial applications. The Bank for International Settlements announced Wednesday (April 3) that it is working in tandem...

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UK Treasury: ‘Privacy Is Paramount’ in Digital Pound Decision
UK Treasury: ‘Privacy Is Paramount’ in Digital Pound Decision
January 25, 2024  |  CBDC

The Bank of England and the British Treasury remain undecided on the digital pound. But a new report by the two institutions makes two things...

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ISO 20022 Can Help Solve X-Border ‘Failed Payments’ Frictions, But Challenges Remain
ISO 20022 Can Help Solve X-Border ‘Failed Payments’ Frictions, But Challenges Remain
January 22, 2024  |  Cross Border Commerce

The farther payments travel, the greater the potential is for failure. Cross-border transactions, as they wend their way across currencies and time zones, with any...

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Bank of England Governor Says Mainstream Crypto Integration Is Slowing Down
Bank of England Governor Says Mainstream Crypto Integration Is Slowing Down
January 10, 2024  |  Cryptocurrency

The mainstream integration of cryptocurrency is getting sluggish, Andrew Bailey, Bank of England governor, said Wednesday (Jan. 10). Speaking to U.K. Parliament’s Treasury Committee, Bailey...

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European Banks’ Returns Set to Outdo American Counterparts
European Banks’ Returns Set to Outdo American Counterparts
January 08, 2024  |  Banking

Europe’s banks are reportedly set to have a much better year than their U.S. rivals. The KBW Bank Index, made up of the top 24...

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Report: Revolut Aims for $1.9 Billion in Revenue for 2023
Report: Revolut Aims for $1.9 Billion in Revenue for 2023
December 20, 2023  |  Digital Banking

British FinTech Revolut is reportedly on track to bring in $1.9 billion in revenue for the year. The startup’s monthly revenue averaged roughly $158 million in the first half...

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