Tag: Bank of England

During the third quarter of 2024, the wealth management sector witnessed shifts, heavily influenced by sustainability, digital innovation, and regulatory adjustments.

UK InsurTech investment stats in 2023: • UK InsurTech companies raised a combined $395m in 2023, a 43% increase from 2022 • UK InsurTech deal activity...

The Bank of England will conduct an assessment next year regarding the risks associated with AI and machine learning in FinTech.

Kroo, a fully licenced UK bank known for its digital banking services, surpassed its crowdfunding target, amassing over £1 million in investments.

The Bank of England and the Bank of International Settlements (BIS), has successfully completed a collaborative project regarding CBDC.

The Bank of England is reportedly on the brink of dismissing Revolut's persistent bid for a UK banking licence

The Bank of England has partnered with HM Treasury and the Financial Conduct Authority to undertake a two-day simulation exercise.

A Bank of England survey has found UK financial companies blame a lack of regulatory clarity and legacy systems for hampering the deployment of machine learning technology.

The EU is planning to ease its own Basel rulebook and diverge in certain areas, meaning UK banks could be forced to implement tougher standards, TBC UK has claimed.

The Bank of England has teamed up with the Massachusetts Institute of Technology (MIT) for a 12-month research project around central bank digital currency (CBDC).