payment service provider

Mark Carney’s extension as the governor of the Bank of England to January 2020 was put in place to ensure a smooth Brexit.

Mr Carney has become increasingly vocal in his attempts to maintain financial stability during that period. This has resulted in ‘Brexiteers’ hurling accusations of fuelling “Project Hysteria” after the bank published its economic analysis of Brexit at the end of November. To help mitigate such gloomy predictions, what else could Mr Carney do to support an orderly exit (and possibly create a lasting legacy for himself)?

Back in June, Mr Carney spoke about modernising the UK bank payment system by rebuilding the Bank of England’s real time gross settlement (RTGS) service “so that new private payment systems, including those using distributed ledgers, can simply plug into our system”, which includes those running off blockchain technology.[1]

Continue Reading The fintech Carney-val

London has historically been considered the centre of European financial services. Now it is also viewed as the capital of financial technology (FinTech). However, with the likelihood of a no-deal Brexit becoming ever more real, and increasing attempts to lure FinTech firms to the continent, London’s title is under threat.

London provides a haven where