Lowering barriers to expansion and entry
Tandem Bank (authorised in November 2015) is a digital-only retail bank that will operate your own finance guide which compares lending options made available from both Tandem and its particular competitors. Other banks that are innovative in the pipeline for authorisation.
Other initiatives to support new and firms that are innovative
The lender of England supports innovation in financial services through its strive to promote research that is innovative data analytics in central banking, and enhancing the ability of innovative firms to gain access to Bank of England facilities. The financial institution has additionally embraced new technology in the provision of UK banknotes.
Research and analytics
The Bank launched its One Bank Research Agenda initiative in February 2015 to attempt to understand and develop innovative practice that is best in central banking, need paper written taking into consideration technological, institutional, social and environmental change.
It aims to facilitate dialogue that is open the Bank and the research community to support innovation and inform the Bank’s work. The lender has set up a study Hub division to greatly help drive this forward and developed an innovative new online blog, Bank Underground.
The initiative covers research questions on five broad themes: policy frameworks and interactions; evaluating regulation, resolution and market structures; policy operationalisation and implementation; new data, methodologies and approaches; and reaction to change that is fundamental.
In particular the change that is fundamental takes a longer term look at how technological (as well as other) innovations might affect central banking over an extended horizon. This consists of, for example, exploring the impact of digital currencies or finance that is alternative, and any associated economic, technological and regulatory challenges. 阅读更多