Bank of England’s Post

Exploring Modern Payment System Innovation: A Key to Future-Ready Finance As someone with experience in regulation at the Bank of England, I have always been fascinated by the intersection of monetary stability and technological innovation. The recent update on the Bank’s Future Roadmap for Real-Time Gross Settlement (RTGS) highlights a forward-thinking strategy to modernize payment infrastructure. Here's a brief summary and a personal perspective on its significance: Key Highlights of the Strategy: Resilience and Innovation: Upgrading RTGS to support APIs, modular systems, and standards like ISO 20022, enabling seamless interoperability domestically and internationally. Extended Settlement Hours: Moving towards near 24/7 operations to support global payment flows and mitigate settlement risks. Synchronised Payments: Introducing conditional settlement functionalities that bridge central bank money with external asset transfers (e.g., FX or tokenized assets). This strategy exemplifies how central banks can remain anchors of monetary and financial stability while embracing technological advancements. My Take: To unlock the full potential of these innovations, a robust data and technology implementation framework is crucial. Modernizing payment systems demands expertise in data integration, security, and operational flexibility to achieve the intended resilience and user-centric outcomes. As this domain grows, I’m keen to contribute to such transformative projects at central banks or global financial institutions. Whether in Morocco, France, England, or beyond, the opportunity to merge my regulatory experience with cutting-edge payment system modernization is one I’m excited to pursue—ideally in a hybrid or remote setting. Let’s connect and discuss how we can drive innovation in payment systems globally!

Just finished "Life Without The Bank"?📚 Let's chat. Schedule a call today and let's turn those insights into action. 💼 #withoutthebank #ibc #infinitebankingconcept

The never ending story of banks. We all know opening a bank account in Luxembourg is a nightmare from which the country has not managed to wake up yet. We may be tempted to believe that initiating the relationship is the root cause. But it is actually the whole relationship with the banks in Luxembourg that seems to be problematic. Sudden closure of bank accounts is yet another unnecessary concern that customers have to deal with. Luxembourg thus has a much more fundamental issue with its banks than it is ready to acknowledge. In a country praising itself for its financial sector and where 117 banks still operate, this sends quite the wrong message. Fixing the problem with the opening of bank accounts would be a step forward, but it looks like a complete overhaul of the relationship with banks may be needed here. https://lnkd.in/eEAcZAQK

When you work with a bank that makes progress, not excuses, barriers become breakthroughs. That's why we believe your finances shouldn't be complicated. You deserve a better choice in banking. So we built it. #communitybanking #colonybank #betterbanking

In our latest annual report, Live Oak Bank Chairman and CEO Chip Mahan offers valuable insights into the dynamic landscape of the banking industry — and how Live Oak continues to set itself apart. Read the full 2023 annual report here: https://bit.ly/3UcneE7 Member FDIC.

Today, we celebrate the efforts of those who contributed to European banking supervision over the past decade. We’ve come a long way, and as we look ahead, we need to harness the same determination and energy so banks stay in good shape. My speech 👉 https://lnkd.in/dRfJgd4V

We will be hosting an in-person roundtable tomorrow with Ali Moussavi, head of payments strategy at the Bank of England to explore the Bank’s discussion paper on its approach to innovation in money and payments, and how it supports the Bank’s monetary and financial stability objectives. 🔗 View the Bank of England's discussion paper on innovation in money and payments, and submit your responses by 31 October 2024: https://lnkd.in/dajY4RQM #DigitalPayments #CentralBankMoney #Fintech #Innovation

If you spot a credit card transaction you didn’t make, there are steps you can take to dispute the charge. The post Everything You Need to Know About Disputing Credit Card Charges appeared first on RBC Royal Bank.

LIVE NOW: Join Curinos managing directors Agusta Patton and Adam Stockton as they break down how banks and credit unions should tackle the specific deposit challenges of a falling rate environment: https://hubs.li/Q02DpWyX0 Join now and learn: ☑️ How deposit value will shift and evolve over the next two years ☑️ How to build a plan that maximizes deposit efficiency in a cost-constrained environment ☑️ The tactics financial institutions have used to drive above-average deposit growth at below-average cost ☑️ How to avoid attrition of valuable deposits and the specific risks associated with pricing down in a falling rate environment ☑️ How banking providers need to recalculate their marketing ROI in an environment where deposit value has increased Join here: https://hubs.li/Q02DpWyX0

In the latest article from CrossFirst Bank, we break down some tips for staying safe online, which is always relevant, but especially during #CybersecurityAwarenessMonth: https://lnkd.in/eZz5ttnp