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Mar
21

Bank of England builds fintech ‘community’

From: Out-Law.com

The Bank of England has set up a formal forum with industry to discuss financial technology (fintech) trends and issues.

The Bank’s ‘fintech community’ has been established with an initial list of 18 members, not including itself, and is partly aimed at improving networking between firms with an interest in fintech, as well as ensuring the Bank is engaged with a range of fintech businesses across the financial services sector.

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Members of the community will individually meet with the Bank between two and four times a year “to share updates on trends and developments that each are seeing in the sector”, while the community as a whole will meet quarterly “to network/make new connections and to discuss developments, trends and insights, most likely on a specific topic(s) of interest” via the Bank’s fintech accelerator initiative, the Bank said.

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