CFOtech Asia - Technology news for CFOs & financial decision-makers
Asia

Bank of England Stories

Global Stories

Bank of England stories

UK AI rules in finance create compliance patchwork
Data Protection

UK AI rules in finance create compliance patchwork

Most UK lenders now face overlapping FCA, PRA and data rules on AI, as 75 per cent of firms already deploy the technology.

By Sofiah Nichole Salivio • 4 min read • This month
ECI Partners celebrates 50 years in UK private equity
Data Analytics

ECI Partners celebrates 50 years in UK private equity

Its growth mirrors the shift of UK private equity from a niche source of finance to a mainstream market, with ECI now managing around GBP £3 billion.

By Joseph Gabriel Lagonsin • 6 min read • Last month
Bank of England faces pressure over stablecoin rules
Fintech

Bank of England faces pressure over stablecoin rules

Peers say proposed caps and reserve rules could leave GBP stablecoins at a disadvantage, as the Bank of England finalises draft regulations.

By Karen Joy Bacudo • 5 min read • Last month
Project Agorá advances into real-value payment testing
Fintech

Project Agorá advances into real-value payment testing

The next phase could ease delays and settlement risk in wholesale cross-border transfers as Project Agorá moves to real-value testing.

By Karen Joy Bacudo • 4 min read • Thu, 28th May 2026
Everpure preparing for new era of cyber resiliency
Data Protection

Everpure preparing for new era of cyber resiliency

AI attacks are pushing firms to prioritise cyber resiliency, as Everpure warns downtime can exceed ransom demands by up to 75 times.

By David Shilovsky • 4 min read • Tue, 26th May 2026
Squirro updates AI platform for regulated enterprises
Data Protection

Squirro updates AI platform for regulated enterprises

The update aims to curb bad answers and compliance risk for banks and other regulated users as enterprise AI rolls out more widely.

By Joseph Gabriel Lagonsin • 4 min read • Mon, 25th May 2026
Akamai warns of surging DDoS attacks on financial firms
Ransomware

Akamai warns of surging DDoS attacks on financial firms

Sustained assaults are disrupting online banking and payments as EMEA becomes the main target for DDoS campaigns against lenders.

By Sean Mitchell • 4 min read • Thu, 21st May 2026

Stories from Other Regions

Bank of England stories

FICO urges UK banks to boost personalisation amid switching
Digital Transformation

FICO urges UK banks to boost personalisation amid switching

Switching rose 43% in Britain last quarter, adding pressure on banks to tailor offers as digital-only accounts neared half of households.

By Sofiah Nichole Salivio • 4 min read • 2 days ago
Bank of England says tokenisation could speed payments
Crypto

Bank of England says tokenisation could speed payments

Cross-border transfers and everyday checkout payments could become quicker and cheaper if digital records of assets are widely adopted.

By Karen Joy Bacudo • 4 min read • 3 days ago
How can banks adapt to the new, AI-driven economics of cybercrime?
Disaster Recovery

How can banks adapt to the new, AI-driven economics of cybercrime?

Banks face a shrinking window to harden legacy systems as cheap AI tools make vulnerability hunting and repeat attacks far easier for criminals.

By Richard Moore • 5 min read • Last week
BoE to oversee AWS, Google Cloud, Microsoft & Oracle
Hyperscale

BoE to oversee AWS, Google Cloud, Microsoft & Oracle

Banks and insurers face tighter resilience checks as four cloud providers come under joint UK supervision for the first time.

By Karen Joy Bacudo • 4 min read • Last week
Bank of England sets GBP £40 billion stablecoin guardrail
Crypto

Bank of England sets GBP £40 billion stablecoin guardrail

Limits on systemic issuers aim to shield credit supply as the Bank prepares a new regime for sterling stablecoins used in payments.

By Karen Joy Bacudo • 4 min read • Last month
FinTech North marks 10 years with Leeds conference
Fintech

FinTech North marks 10 years with Leeds conference

The North's fintech sector now employs 20,000 people directly, as FinTech North returns to Leeds to mark its 10th anniversary.

By Karen Joy Bacudo • 3 min read • Last month
Icon launches digital asset payments framework for banks
Digital Transformation

Icon launches digital asset payments framework for banks

Banks may avoid building separate systems for stablecoins, tokenised deposits and CBDCs as UK regulators back tokenisation in wholesale markets.

By Karen Joy Bacudo • 3 min read • Last month
UK Payments Initiative launches recurring bank scheme
Fintech

UK Payments Initiative launches recurring bank scheme

Recurring bank payments could soon replace some cards and direct debits as UK Payments Initiative rolls out a new open banking scheme.

By Karen Joy Bacudo • 4 min read • Last month
UK regulators seek feedback on tokenised wholesale markets
Digital Transformation

UK regulators seek feedback on tokenised wholesale markets

Firms seeking certainty on digital asset rules have been invited to shape how UK wholesale markets adopt tokenised securities, collateral and settlement.

By Karen Joy Bacudo • 4 min read • Tue, 19th May 2026
Menna & Equifax UK add credit data for SME funding
Fintech

Menna & Equifax UK add credit data for SME funding

The integration aims to help SMEs spot credit issues earlier, as approval rates fall and a GBP £22 billion funding gap persists.

By Sofiah Nichole Salivio • 4 min read • Tue, 19th May 2026
UK outlines cyber & AI regulatory overhaul in King's Speech
Data Protection

UK outlines cyber & AI regulatory overhaul in King's Speech

Businesses face tighter reporting and new rules as ministers move to overhaul cyber security, AI oversight and digital identity regulation.

By Mark Tarre • 9 min read • Thu, 14th May 2026