Matthew Jones

Alongside Bank of England we've worked to rebuild and modernise a core component of the UK's financial infrastructure, marking a major milestone of a multi-year transformation programme. 🤝 The successful transformation of the Real Time Gross Settlement (RTGS) service has enhanced resilience, access, and functionality, as well as delivering new foundations for innovation. Find out more: https://accntu.re/4g1ncJM #UKBanking [Accessibility description: Photo of city lights, overlaid with title 'Bank of England and Accenture announce renewal of the Real-Time Gross Settlement Service', with an Accenture logo in the bottom right.]

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Monzo Bank has become the latest bank to join the MTD goldrush as the digital bank announces that sole traders and landlords will be able to file taxes directly to HMRC from their business bank account without the need for separate software. The filing tool, provided via a partnership with Sage Embedded services, supports the quarterly MTD submissions and end-of-year returns, starting from the 2026/2027 tax year. Monzo joins the likes of NatWest Group, Starling and Tide in the race to attract business bank accounts -- a recommended step in the MTD process. Full story in the comments below 👇

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Customers are switching banks. But with the right digital experience, yours won't need to. We surveyed 4,000 customers and 400 senior banking execs across the UK and US to uncover what really drives customer loyalty and whether banks are ready to meet those expectations. Download a copy of the report. The results might surprise you: https://ow.ly/qBcn50WXj4Z

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Trust Retail, part of the Trust Payments Group, has announced implementation of Pennies micro-donation technology at John Bell & Croyden, a London pharmacy dating back to 1798 and a Royal Warrant holder since 1958 #payments Mike Dotson robin winfield Alison Hutchinson CBE Rebecca Malia Full story here 👉 https://lnkd.in/ekBSd3aS

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Open banking was covered widely at this week's Labour Party Conference, with widespread recognition of its critical role in powering UK economic growth and innovation. A standout moment was our Policy Director, Luke Ryder joining a fintech panel alongside Luke Charters MP, TrueLayer’s Megan Coulson, Financial Conduct Authority's Sacha Sadan, and Startup Coalition’s Charlie Mercer. The discussion explored: ✅ The journey OBL is supporting with industry and regulators to secure a long-term framework for open banking; ✅ How we can accelerate progress towards Open Finance to unlock benefits for consumers, businesses and the wider economy; ✅ The growing collaboration across the ecosystem to make this vision a reality. We were also pleased to participate in Innovate Finance and EY’s roundtable on Tech’s Plan for Change, where open banking was highlighted as a prime example of UK-led innovation. Attendees welcomed the move towards a sustainable, long-term model that supports the full ecosystem and enables continued growth. OBL remains committed to working with industry, policymakers, regulators, and consumer and business representatives to support this flourishing UK sector and ensure open banking continues to play a pivotal role in driving inclusive economic growth. #OpenBanking #OpenFinance #Innovation #FinTech #FutureOfFinance #Innovation #DigitalInnovation #TechInnovation The Labour Party

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Heading to the TransUnion UK Summit tomorrow? Come say hi to our Chief Analytics Officer, Mahesh Bharadhwaj, who’ll be joining Aukse Pringle on stage to explore Rethinking Risk: Smarter Lending to Difficult Borrowers.   At Jaja, we’re redefining what ethical, inclusive lending looks like in the UK consumer credit space. We’ve built a digital-first, insights-driven approach to credit with a mission to make borrowing simple, fair, and efficient. Traditional models often miss capable borrowers. We’re changing that by using AI, Open Banking, and smart partnerships to assess affordability in real time and make better decisions. What makes us different? • Real-time affordability checks • Behavioural insights from enriched data • Tailored products  • Financial education & goal-based rewards - Launch to Rewards® • AI-powered servicing via “Airi” • Responsible lending that avoids blanket credit increases   We’re proud to be leading with innovation and responsibility, while empowering our customers to buy, borrow, and build with confidence. #Fintech #CreditInnovation #FinancialInclusion #ResponsibleLending #JajaFinance #TransUnionSummit

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Having spent a long time working for a large tech firm, and frequently facing the innovators dilemma as a result, it’s interesting to reflect on the dilemma facing central and commercial banks as regards digital money. This came home to me at today's excellent Bank of England's Payments Innovation conference during a BIS presentation on Project Agora, where correspondent banking is being transformed by 7 central banks, 40+ commercial banks and 5 currencies, using a shared universal ledger. A great question from the audience: “If you have a universal ledger why do you need correspondent banking?” This is spot on, central banks and incumbent commercial banks have a motivation to transform (re-plumb) the existing model rather than build an entirely new model (with the potential cannabilisation and innovators dilemma risks). Whilst Agora is to be applauded and will doubtless move the industry forward, it’s not yet addressing the bigger opportunity which the fast evolving stablecoin and TMMF developments are accelerating towards.. Tony McLaughlin Lee McNabb Peter Left Ryan Hayward John O'Neill #stablecoins #tokenization #digital assets

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🤝 Discover how Swansea Building Society, serving south west and east Wales since 1923, is combining its face-to-face branch network with an online digital product. In this interview, Nick Longar, Head of IT, explains how the Society partnered with SBS to launch its 'My Accounts' online savings platform and mobile app, complete with biometric login, faster account opening, and enhanced functionality. With nearly 3,000 members onboarded in just a few weeks, the project has expanded Swansea’s digital footprint, streamlined internal processes, and reinforced the Society’s commitment to investing in the right technology. Watch the full interview here 👉 https://lnkd.in/e-Md8_g4 #SwanseaBuildingSociety #CustomerStory #SBS

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