The Bank of England (BoE) has published a set of frequently asked questions on its Fintech Accelerator. The BoE explains that the Accelerator works in partnership with innovative firms working on new technology to harness fintech innovation for central banking. The BoE carries out proofs of concepts on use cases of relevance to its role as a central bank that could enable the BoE to function more efficiently and effectively. The Accelerator also helps the BoE understand emerging technologies first hand, enabling the BoE to better recognise as well as monitor the incidence and integration of these developments in the market.
View BoE FAQs on Fintech Accelerator, 19 May 2017