Lowering barriers to entry and expansion
Tandem Bank (authorised in November 2015) is a digital-only retail bank that will operate a personal finance guide which compares financial loans offered by both Tandem and its own competitors. Other banks that are innovative in the pipeline for authorisation.
Other initiatives to support new and firms that are innovative
The financial institution of England supports innovation in financial services through its work to promote research that is innovative data analytics in central banking, and improving the ability of innovative firms to get into Bank of England facilities. (بیشتر…)