Financial IT’s Post

In today's article in the Business Day I discuss what the shifting payments landscape means for banks’ profits https://lnkd.in/dM8ugt9Z Anton van Zyl

Today the Bank of England published a Discussion Paper on its approach to innovation in money and payments. The Discussion Paper asks for responses on the next step in a wide-ranging conversation on how to deliver an ambitious agenda for the UK payments landscape and sets out how rapid innovations in payments can impact on the Bank’s monetary and financial stability objectives.   Our Managing Director, Payments, Innovation & Resilience, Jana Mackintosh, comments:   “This is an important discussion paper from the Bank of England, and we strongly welcome the Bank’s leadership in delivering an ambitious agenda for UK payments. There is a huge amount of innovation taking place within money and payments. This paper highlights a number of key issues that need to be addressed to support further innovation and help bring new capabilities like tokenisation to life.    We look forward to working with the Bank, other regulators and the government to collectively enhance the UK payments landscape for the benefit of consumers and businesses.”   💻 To read the paper in full: https://lnkd.in/eGQ-Em9C    #UKFinance #Payments #Banking #BankofEngland #Innovation 

A new report explores what the 2023 banking turmoil revealed about financial regulation and highlights the unfinished agenda of banking sector reforms. https://lnkd.in/dGrZQrSE

A new report explores what the 2023 banking turmoil revealed about financial regulation and highlights the unfinished agenda of banking sector reforms. https://lnkd.in/gEkt_Q-m

Lack of competition in banking hurts consumers: Commission https://buff.ly/4aAn7J4 Banks need consistent competition to provide better outcomes for consumers, the Commerce Commission says. Talk* to us about your first / current / next investment today; we’ll help you evaluate your situation and connect you with the right people; call 0800890132 or visit EpsomTax.com for tax advice, strategy&structures and #investments, including #propertyinvestment cryptoinvestment nfts managed funds shares #investmentproperty #property #propertymarket #lending #rentalproperty #realestateinvestment #rentaltax #realproperty #investments #propertytax #propertytaxes #markets #shares #sharemarket #investment #investmentstrategies #investmentstrategy *我的中文说蹩脚，hablamos español, falamos português.

Learn what fractional reserve banking is, how it works, and its economic implications in this comprehensive and educational guide. https://lnkd.in/dK6GcbPu

I thought this was an interesting article on #banking and #privatecredit https://lnkd.in/eDReWY3m

Against the backdrop of a rapidly evolving payments landscape, the Bank of England has launched a discussion paper on how it should address the opportunities and risks stemming from innovations in money and #payments. Read more from Simon Treacy in our latest #Tech Insight. #fintech

Bank of England Publishes Discussion Paper on Innovation in Money and Payments The Bank of England has released a Discussion Paper on its approach to innovation in money and payments, marking a significant step in shaping the future of the UK payments landscape. 🔶Key Points: 🔹Financial Stability Risks: The paper highlights the risks of financial markets moving away from central bank money and emphasizes the need to preserve its role as an anchor for confidence in the financial system. 🔹Technological Innovations: The Bank will explore enhancements to the Real Time Gross Settlement (RTGS) system and experiment with wholesale central bank digital currency (CBDC). 🔹Retail Payments: Ensuring ease, speed, and confidence in payments for households and businesses across the UK, with collaboration from HM Treasury, the Financial Conduct Authority, and the Payment Systems Regulator. 🔶The Bank invites responses to this Discussion Paper by 31 October 2024. This Discussion Paper is a call for responses to help shape an ambitious and secure agenda for the evolving UK payments landscape. https://lnkd.in/dGFcQNdG #BankofEngland #Innovation #Payments #FinancialStability #RTGS #CBDC #UKFinance #DiscussionPaper