Bank of England Engages Private Sector with FinTech Accelerator
We talk a lot about public-private partnership being the key to achieving positive outcomes in business reporting. This marriage of the private sector’s technical expertise with government’s capacity to set the policy agenda is even more critical given the pace of change with new developments like distributed ledgers.
That’s the idea behind the Bank of England’s FinTech Accelerator program, announced this past June. The idea is to engage with FinTech firms to develop new solutions, based on blockchain and other innovative technologies, for the BoE to use in its role as the UK’s central bank. You canread an interview with Chief Cashier of the Bank of England, Victoria Cleland, which outlines the BoE’s tactic of launching pilot programs with FinTech vendors to assess possible strategies and tactics for realising Blockchain’s potential.