BoE’s Fintech Accelerator has launched a new community for fintech-related organisations. It wants to help these organisations shares developments and insights, and for them to ensure BoE is engaging with firms from across the sector. It plans between two and four meetings per year with community members, with quarterly networking and knowledge-sharing events. BoE has published the list of members and the terms of membership.
Separately, it has decided on the two firms with whom it will be working on its latest proofs of concept, which will explore:
- the benefits of machine learning for analysing the quality of regulatory data input, and
- look at how synchronised movement of currencies across different real-time gross settlement systems can lower settlement risk and improve the speed and efficiency of cross border payments.