Lowering barriers to expansion and entry
Tandem Bank (authorised in November 2015) is a digital-only retail bank that will operate an individual finance guide which compares financial loans offered by both Tandem and its own competitors. Other banks that are innovative in the pipeline for authorisation.
Other initiatives to support new and innovative firms
The Bank of England supports innovation in financial services through its work to promote research that is innovative data analytics in central banking, and enhancing the ability of innovative firms to gain access to Bank of England facilities. Continue reading “Other initiatives to guide new and innovative firms”