Bank launching plan to boost cyber security and data analysis

June 17, 2016

The Bank said it wants to work closer with FinTech firms – disruptive businesses at the forefront of payment technology – to boost areas such as data analysis and cyber security.

The move will include the launch of a FinTech Accelerator, where it will work with tech companies to find digital solutions to the challenges it faces.

In exchange, FinTech firms will get experience helping policymakers, while also gaining a ” valuable first client reference” when finding future work.

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