BoE launches fintech collaboration
Bank of England is working with fintech firms on innovations to support central banking
The Bank of England today (June 17) unveiled plans to collaborate with financial technology firms on measures that can support its "mission" as a central bank.
Under the so-called "FinTech Accelerator" scheme, the BoE is inviting fintech firms to demonstrate "proof of concept" of their ideas. The central bank can take advantage of the ideas it finds useful and give its seal of approval to ideas that work.
If the ideas are deemed "truly innovative", relevant to the BoE's work and commercially
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