Innovation competition

If you’re a UK student, you can win a paid data or technology internship at the Bank of England. Apply by 29 December 2021.
Join one of our teams in the summer, get paid and help us tackle some of our most pressing technology and data challenges.

Women in STEM careers

This competition is open to all UK students aged 16+. We’d like to particularly encourage female students to apply for this competition.

That’s because we want to support more women in choosing a career in science, technology, engineering, and mathematics (STEM). Our Women in Innovation network sponsors this competition.

Task

The Bank of England’s mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability. 

We would like you to create either a short video or a presentation that answers this question: How does fintech impact the mission of the Bank of England?

This video requires third-party analytical cookies to play. Read our cookie policy for more information.

Tips

  • Think about how fintech in the past, present or even future could impact the work the Bank of England does.
  • show some knowledge of technology and/or data
  • identify at least one technology or data challenge that could make it difficult for the Bank of England to carry out its mission
  • explain or give a solution that will help or stop  the challenge you identify 

We’ve deliberately chosen a question you can’t search online. So get creative, we  want you to showcase your own ideas  and understanding of financial technology (fintech)!

Rules

You must be aged over 16 and studying in a sixth form, college or university in the UK.

Videos should be a maximum of 5 minutes. Presentations can have up to 5 slides.

Prize

We’re awarding 10 students with the best entries with a paid summer internships.

The winners will work within our data and technology areas here at the Bank of England next summer 2022. We want to encourage applications from students across the UK, for this reason the internship can be carried out virtually or via our London offices.

Closing date

Send us your entries by  29 December 2021 to be in with a chance of joining us.
    1. Anyone studying at sixth form, college or university (“You”) is eligible to enter the technology competition (the “Competition”).  Employees of the Bank of England (the “Bank”) and their families are not eligible.
    2. By entering the Competition You are accepting these terms and conditions.
    3. All entries to the Competition and associated correspondence must be in the English language only.
    4. This Competition is aimed at students studying in the United Kingdom. Entries are particularly encouraged from female applicants and from applicants from underrepresented groups.
    5. You are responsible for the cost and expense (if any) incurred in preparing and sending your submission (the “Submission”) to us via our dedicated email: 
      Ask-InnovationCompetition@bankofengland.co.uk.
    6. We must be able to open your Submission on a standard Windows-build desktop computer.
    7. Only one Submission is permitted per person, with the Submission to include the name, telephone number and email address of the applicant. Multiple entries using different registration information for a single individual will be disqualified. In the event of a dispute over the identity of an entrant, the Submission will be deemed submitted by the authorised account holder of the email account of the email address submitted during the registration process.
    8. The closing date and time of the Competition is [Midnight GMT on 29th December 2021]. Submissions received after that date and time will not be considered.
    9. By submitting an entry to the Competition You give the Bank:
      1. permission for your name and your Submission (including any extracts or summaries) to be published on the Bank of England’s intranet, external website(s), social media pages and in any of its publications; and
      2. the right to use your name, town or city of residence for the purpose of identifying You as the author of your Submission and/or as a winner of the Competition.
    10. By submitting an entry to the Competition You represent and warrant that your Submission:
      1. is your own work and not plagiarised. If there is reason to believe that your Submission is not your own work or otherwise breaches this paragraph 10 then it may not be considered.;
      2. does not contain any third party intellectual property rights,  data or content that You do not have permission to use (and where you have permission, such third party intellectual property rights, data or content is appropriately referenced and the Bank has the necessary permission to use such third party intellectual property rights, data or content contained in your Submission as set out in paragraph 9a); and
      3. is not obscene, defamatory or in breach of any applicable legislation or regulations.
    11. The judging panel will choose 10 winning entries (or at its discretion, more or fewer winning entries) from the shortlist of Competition Submissions with reference to the published award criteria.
    12. The judges’ decision of the winning Submissions will be made in the first quarter of 2022.  The judges’ decision is final and no correspondence will be entered into. The Bank of England’s decision is absolute.
    13. The winning Submission will give the participants the opportunity to secure a six to eight week paid internship (we are flexible on the length) at the Threadneedle Street or Moorgate premises of the Bank of England, and online via Microsoft Teams. We reserve the right to conduct the internship virtually, either in part or entirely, in the event of changing public health guidance related to the COVID-19 pandemic, or at the Bank’s discretion. Please note that participation in the paid internship is conditional on the participants achieving appropriate security clearance and on obtaining any necessary visas. The decision of the Bank of England regarding security clearance will be final.
    14. Participants securing a six to eight week paid internship will need to fund their own travel and accommodation for the duration of the internship.
    15. We take no responsibility for entries that are lost, delayed, misdirected or incomplete or cannot be delivered for any technical reason.
    16. Questions regarding the Competition or these terms and conditions should be addressed to Ask-InnovationCompetition@bankofengland.co.uk. We will endeavour to respond to your query within three working days.
    17. Any complaints regarding the Competition should be sent to: Public Information and Enquiries Group, Bank of England, Threadneedle Street, London EC2R 8AH.
    18. To the maximum extent permitted by law, other than for personal injury or death caused by our negligence or our wilful default or fraud, we accept no liability for any costs, damages, disappointment, expenses, liabilities or losses incurred or suffered by You as a result of Your entering the Competition, downloading any data or materials in connection with the Competition, or accepting any prize.
    19. We reserve the right at any time and from time to time to modify or discontinue, temporarily or permanently, this Competition with or without prior notice.
    20. Your personal data will be processed in accordance with the Bank’s privacy policy.
    21. These terms and conditions and the Competition shall be governed by English law and You agree to submit to the exclusive jurisdiction of the English courts.

Questions?

You can email us at Ask-InnovationCompetition@bankofengland.co.uk.

This page was last updated 19 November 2021

Give your feedback

Was this page useful?
Yes
No
Add your details...