Our work on fintech is wide ranging and looks at how technology is changing financial services.

Why we are interested in how technology is changing financial services 

Developments in financial technologies (fintech), such as artificial intelligence (AI) and distributed ledger technology (DLT), have the potential to fundamentally change the way businesses can provide – and consumers can use – financial services. 

In his speech on The Promise of Fintech our Governor, Mark Carney, said “There are clear prospects for new financial technologies to make the financial system more efficient, effective and resilient.”  

We take a keen interest in exploring how innovation and developments in fintech might support our mission to promote the good of the people of the UK by maintaining monetary and financial stability. 

In particular, we seek to understand what fintech means for the stability of the financial system, the safety and soundness of financial firms, and our ability to perform our operational and regulatory roles.

Set of scales

Understanding how fintech developments may affect systemic stability.


Understanding how fintech developments may affect the safety and soundness of firms.

Front of the Bank

Applying fintech, where appropriate, to enhance our capabilities.

Our Fintech Hub brings together all our work in this area. Sir Dave Ramsden, our Deputy Governor for Markets and Banking, spoke about the importance of being open to fintech when he launched the hub.

If you would like to get in touch, you can reach us at

You can also find out more about our related work on digital currencies.

Future of finance

In his Mansion House speech in June 2018 our Governor, Mark Carney, outlined that “a new economy, a new world and new demographics demand a new financial system” and that the Bank is creating the new hard and soft infrastructure that the new finance will require.

He has appointed Huw van Steenis to lead a project on the future of finance, exploring what the financial system of tomorrow might look like, including fintech developments, and what it means for the Bank of England’s priorities now and in the future.

Working with fintech firms

We started our proofs-of-concept programme in 2016 under our Fintech Accelerator project. We'll continue to work with businesses on fintech proofs-of-concept whenever this may help us fulfil our mission. 

Find out about the proofs-of-concept we have worked on. 

Fintech firms offering financial services in the UK

If you are a fintech firm thinking of providing financial services in the UK, you may need to be regulated.

The Bank of England is responsible for supervising financial firms such as banks, building societies, credit unions, major investment firms and insurers. And we provide information and support for businesses that are thinking of setting up a new bank in the UK. 

We also supervise financial market infrastructure and we act as settlement agent for payment systems. 

Financial services in the UK are also regulated by the Financial Conduct Authority and UK payment systems are also regulated by the Payment Systems Regulator.

This page was last updated 31 May 2019
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