UK: Bank of England Speech on FinTech Accelerator — What Have We Done and What Have We Learned?

On October 6, 2017 Andrew Hauser, the executive director of banking, payments and financial resilience at the Bank of England, gave a speech on the FinTech Accelerator, titled "What have we done and what have we learned?", at a meeting for fintech contacts of the bank’s Agency for the South East and East Anglia at the offices of Mills & Reeve, Cambridge.

Hauser described how technology has always played an important role in driving change in the financial sector — from the telegraph to the ATM; from screen-based trading to online banking — but that this time it is different, in four key ways:

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