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Bank of England Stories - Page 2

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Bank of England stories

Encompass joins Financial Markets Standards Board as member
Fintech

Encompass joins Financial Markets Standards Board as member

Encompass has joined the Financial Markets Standards Board as an Associate Member, enhancing efforts to improve financial market standards.

By Sean Mitchell • 2 min read • Tue, 12th Nov 2024
Finance sector lacking third-party risk plans despite DORA push
Supply Chain

Finance sector lacking third-party risk plans despite DORA push

Only 20.8% of finance professionals have stressed exit plans with suppliers, despite DORA recommendations, highlighting a key vulnerability exposed by a recent CrowdStrike outage.

By Catherine Knowles • 4 min read • Fri, 23rd Aug 2024
REGnosys donates Rune code to FINOS to streamline compliance
Risk & Compliance

REGnosys donates Rune code to FINOS to streamline compliance

REGnosys has open-sourced its regulatory language Rune to FINOS, aiming to streamline compliance and reduce UK banks' annual reporting costs of up to GBP £4.5 billion.

By Kaleah Salmon • 4 min read • Tue, 2nd Jul 2024
Bank of England & Code Institute back AI as job creator
Marketing Technologies

Bank of England & Code Institute back AI as job creator

The Bank of England and Code Institute advocate for artificial intelligence as a catalyst for job generation, urging developers to tap into the soaring demand for AI skills.

By Kaleah Salmon • 3 min read • Tue, 9th Apr 2024
Bank of England increases IT spending amid criticism
Advanced Persistent Threat Protection

Bank of England increases IT spending amid criticism

The Bank of England's IT spending has surged by 12% to £98.8m, eliciting criticism amid rising expenses on tech salaries and bonus payouts.

By Shannon Williams • 3 min read • Wed, 27th Mar 2024
UK govt's 'wait & see' approach to AI regulation sparks row
Advanced Persistent Threat Protection

UK govt's 'wait & see' approach to AI regulation sparks row

UK government's wait and see approach to AI regulation sparks criticism among lawmakers over lack of urgency despite AI's existential threat warnings.

By Shannon Williams • 3 min read • Tue, 20th Feb 2024
Bank of England Governor refutes AI job loss fears
Artificial Intelligence

Bank of England Governor refutes AI job loss fears

Bank of England Governor, Andrew Bailey, defies cynicism surrounding AI, predicting AI's potential for job creation and efficiency over elimination in the UK economy.

By Kaleah Salmon • 3 min read • Wed, 7th Feb 2024
UK businesses view high inflation as an uncontrollable issue
Digital Transformation

UK businesses view high inflation as an uncontrollable issue

Nearly two in five UK businesses see high inflation as a major uncontrollable concern, hindering recovery efforts, with tech investment cutbacks in response, reveals a Zoho study.

By Catherine Knowles • 3 min read • Mon, 8th Jan 2024
Big Data London unveils its keynote speaker lineup
Data Analytics

Big Data London unveils its keynote speaker lineup

British Astronaut and Author Major Tim Peake is set to headline Big Data LDN (London), the UK's data, analytics and AI event.

By Kaleah Salmon • 3 min read • Wed, 16th Aug 2023
Tackling the Top 4 Hurdles in Operational Leadership Today
Digital Transformation

Tackling the Top 4 Hurdles in Operational Leadership Today

Finding IT talent is becoming increasingly difficult, particularly for those most in demand, including software developers and analysts.

By James Hall • 5 min read • Thu, 23rd Feb 2023

Global Stories

Bank of England stories

Ashdown Group releases 2024 IT salary guide amid economic shifts
DevOps

Ashdown Group releases 2024 IT salary guide amid economic shifts

The Ashdown Group's 2024 IT Salary Guide reveals a 27% drop in job posts amid economic slowdown, but optimism rises with potential Bank of England rate cuts.

By Shannon Williams • 3 min read • Fri, 24th May 2024
AI and ML defining fintech automation, says STX Next
Data Analytics

AI and ML defining fintech automation, says STX Next

AI and ML algorithms can process large quantities of data and deliver increased efficiency, scalability and accuracy for fintechs pioneering the technology.

By Gaurav Sharma • 3 min read • Thu, 31st Aug 2023
Global digital payments fraud thriving in 2023 – report
Buy Now Pay Later

Global digital payments fraud thriving in 2023 – report

The COVID-19 pandemic has catalysed a digital payments revolution, but fraudsters are taking advantage. Find out how experts are fighting back.

By Shannon Williams • 5 min read • Thu, 29th Jun 2023
Global IoT market size set to grow 19% in 2023 – report
Internet of Things

Global IoT market size set to grow 19% in 2023 – report

The global Internet of Things market is set to grow 19% in 2023, according to the latest IoT Enterprise Spending Dashboard and Tracker.

By Shannon Williams • 6 min read • Thu, 9th Feb 2023
SecAlliance appoints new Director of Intelligence
DevOps

SecAlliance appoints new Director of Intelligence

Mick Reynolds, former Head of Cyber Intelligence and Security Testing at Direct Line Group, joins SecAlliance as Director of Intelligence.

By Tom Raynel • 2 min read • Wed, 25th Jan 2023
Nine out of 10 fintechs will hire more fraud experts in 2023
Fintech

Nine out of 10 fintechs will hire more fraud experts in 2023

Nine out of ten fintechs plan to recruit more experts to help tackle fraud as they expect scams to soar in 2023, according to new research.

By Shannon Williams • 3 min read • Thu, 19th Jan 2023
Intelligence-led testing imperative for security
Cybersecurity

Intelligence-led testing imperative for security

The evolving cyber threat landscape is leading to a real need of more robust defences, as well as realistic, or 'real-life' testing of those defences.

By Shannon Williams • 2 min read • Fri, 29th May 2015

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