Andrew Hauser: The Bank of England's FinTech accelerator - what have we done and what have we learned?

Remarks by Mr Andrew Hauser, Executive Director for Banking, Payments and Financial Resilience of the Bank of England, at a meeting for FinTech contacts of the Bank of England's Agency for the South East and East Anglia at the offices of Mills & Reeve, Cambridge, 6 October 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Introduction

It is a pleasure to be with you here in Cambridge to talk about the Bank of England's work on financial technology ('FinTech') - and to hear from you about the latest developments in your businesses.  

It is sometimes said that the UK's thriving technology sector is all about London.  But nothing could be further from the truth.  Forty-four of the UK's 100 fastest-growing technology firms are based elsewhere in the country.  And some of the most exciting of all are right here in Cambridge - and speak regularly to our excellent local Bank of England Agency team, Phil Eckersley, Tim Pike and Alex Golledge.