Cybersecurity
Carney Joins Startups as Bank of England Launches Accelerator
- Governor embraces a potential ‘revolution’ in fintech
- Will tap startups for help on blockchain and cyber-security
Mark Carney.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The Old Lady of Threadneedle Street is taking the plunge into the startup world.
Bank of England Governor Mark Carney said Friday that it plans to launch a financial technology accelerator program to tap the expertise of startups as a flurry of innovations reshape finance. This may be the first time a central bank has employed this approach to research and development, a practice long used in Silicon Valley as a way to incubate young companies.