Bank of England Stories - Page 3

Global Stories

Bank of England stories

UK shoppers plan record Black Friday spend, survey reveals

With inflation rising, 54% of British consumers plan to take advantage of Black Friday and Cyber Monday for their average Christmas budget of GBP £352.

By Sean Mitchell • 3 min read • Thu, 21st Nov 2024

DevOps

Ashdown Group releases 2024 IT salary guide amid economic shifts

The Ashdown Group's 2024 IT Salary Guide reveals a 27% drop in job posts amid economic slowdown, but optimism rises with potential Bank of England rate cuts.

By Shannon Williams • 3 min read • Fri, 24th May 2024

Data Analytics

AI and ML defining fintech automation, says STX Next

AI and ML algorithms can process large quantities of data and deliver increased efficiency, scalability and accuracy for fintechs pioneering the technology.

By Gaurav Sharma • 3 min read • Thu, 31st Aug 2023

Buy Now Pay Later

Global digital payments fraud thriving in 2023 – report

The COVID-19 pandemic has catalysed a digital payments revolution, but fraudsters are taking advantage. Find out how experts are fighting back.

By Shannon Williams • 5 min read • Thu, 29th Jun 2023

Internet of Things

Global IoT market size set to grow 19% in 2023 – report

The global Internet of Things market is set to grow 19% in 2023, according to the latest IoT Enterprise Spending Dashboard and Tracker.

By Shannon Williams • 6 min read • Thu, 9th Feb 2023

Stories from Other Regions

Bank of England stories

FCA

Industry calls for caution on UK payment systems regulation revamp

UK payment industry urges careful regulation review to avoid oversimplifying FCA and PSR roles, ensuring consumer protection and innovation thrive.

By Sean Mitchell • 3 min read • Tue, 4th Nov 2025

Customer Experience

UK businesses urged to blend agility & discipline for 2026 growth

UK firms advised to combine agility and discipline in 2026 amid modest growth, tech advances, ESG focus, and evolving workforce and regulations.

By Shannon Williams • 5 min read • Thu, 30th Oct 2025

Digital Transformation

UK banks take an average of 65 days to update base rates

A study reveals UK banks average 65 days to update base rates and over six months to launch new features, slowing innovation amid rising customer expectations.

By Shannon Williams • 4 min read • Thu, 29th May 2025

Data Protection

Financial sector sets new baseline guidance for Gen-AI risks

The CMORG AI Taskforce, with City of London and UK Finance, publishes new AI Baseline Guidance to help financial firms manage generative AI risks across operations and compliance.

By Shannon Williams • 3 min read • Fri, 16th May 2025

Accenture

Latos unveils swift AI-ready edge data centres in the UK

Latos has unveiled plans for small-scale volumetric data centres at the network edge, designed to bolster AI applications and enhance computing capacity across the UK.

By Kaleah Salmon • 3 min read • Thu, 30th Jan 2025

Fintech

Encompass joins Financial Markets Standards Board as member

Encompass has joined the Financial Markets Standards Board as an Associate Member, enhancing efforts to improve financial market standards.

By Sean Mitchell • 2 min read • Tue, 12th Nov 2024

Supply Chain

Finance sector lacking third-party risk plans despite DORA push

Only 20.8% of finance professionals have stressed exit plans with suppliers, despite DORA recommendations, highlighting a key vulnerability exposed by a recent CrowdStrike outage.

By Catherine Knowles • 4 min read • Fri, 23rd Aug 2024

Risk & Compliance

REGnosys donates Rune code to FINOS to streamline compliance

REGnosys has open-sourced its regulatory language Rune to FINOS, aiming to streamline compliance and reduce UK banks' annual reporting costs of up to GBP £4.5 billion.

By Kaleah Salmon • 4 min read • Tue, 2nd Jul 2024

Marketing Technologies

Bank of England & Code Institute back AI as job creator

The Bank of England and Code Institute advocate for artificial intelligence as a catalyst for job generation, urging developers to tap into the soaring demand for AI skills.

By Kaleah Salmon • 3 min read • Tue, 9th Apr 2024

Advanced Persistent Threat Protection

Bank of England increases IT spending amid criticism

The Bank of England's IT spending has surged by 12% to £98.8m, eliciting criticism amid rising expenses on tech salaries and bonus payouts.

By Shannon Williams • 3 min read • Wed, 27th Mar 2024

Advanced Persistent Threat Protection

UK govt's 'wait & see' approach to AI regulation sparks row

UK government's wait and see approach to AI regulation sparks criticism among lawmakers over lack of urgency despite AI's existential threat warnings.

By Shannon Williams • 3 min read • Tue, 20th Feb 2024

Artificial Intelligence

Bank of England Governor refutes AI job loss fears

Bank of England Governor, Andrew Bailey, defies cynicism surrounding AI, predicting AI's potential for job creation and efficiency over elimination in the UK economy.

By Kaleah Salmon • 3 min read • Wed, 7th Feb 2024

Digital Transformation

UK businesses view high inflation as an uncontrollable issue

Nearly two in five UK businesses see high inflation as a major uncontrollable concern, hindering recovery efforts, with tech investment cutbacks in response, reveals a Zoho study.

By Catherine Knowles • 3 min read • Mon, 8th Jan 2024