Tim Reid

📣 We’re thrilled to share the latest updates to our Global Central Banking & Financial Regulation qualifications, delivered in collaboration with the Bank of England. Updated modules include: 🏦 Money, Banks and Financial Innovation Explore the vital role of money, banks, and financial institutions in today’s economy. This module covers fractional reserve banking, the importance of central banks, challenges of shadow banking, historic bank failures, systemic crises, and the impact of fintech on payment systems. 🖥️ Data Science, AI & Machine Learning Harness the power of big data and machine learning. You’ll be equipped to analyse forecasting techniques for economic indicators like inflation and recession risks, address ethical challenges in banking, and gain hands-on experience with machine learning using R programming. As the financial landscape continues to evolve, we’re committed to ensuring our modules reflect current developments and insights 💡 Discover the programme: https://lnkd.in/eRiVQSE5 #FinancialInnovation #DataScience #BankingEducation

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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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Challenger bank expands after £5 billion boost “We’ve built a resilient, diversified balance sheet that sets us up for sustainable profitability – and we’re still building momentum.” Chetwood Bank has unveiled expansion plans after breaking a £5 billion balance sheet benchmark. The digital lender is opening a Manchester office which will build on existing bases in London, Wrexham and Fleet, leaving it primed to continue its momentum across the UK banking sector. Read more here: https://lnkd.in/eZpHStrf Paul Noble

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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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The UK-US economic corridor is growing stronger, with over £1.25bn of new US investment set to create 1,800 jobs across the UK. We’re proud to be part of this momentum. As one of the first non-US digital banks approved to open a US Representative Office in 2024 under the oversight of the Federal Reserve Board and New York State Department of Financial Services, we’ve already provided nearly $2bn in financing to lower mid-market businesses in the US. And we’re taking that further by committing $5bn more over the next three years to support US entrepreneurs driving innovation, job creation, and sustainable growth. Here’s what our Co-founder and CEO, Rishi Khosla, shared with the Department for Business and Trade: #UKFintech #FinancialServices #IndustrialStrategy | UK Business and Trade - North America

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The British Business Bank has agreed an ENABLE Guarantee transaction of up to £300m with Close Brothers Asset Finance, unlocking fresh lending capacity for smaller UK businesses. Find out more at: https://lnkd.in/e8a_CPzz #CloseBrothers #AssetFinance #BritishBusinessBank #ENABLEGuarantee #SMEFinance

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If you ever question why collaboration pays, look at this result: advocacy groups from the #payments industry including UK Finance and The Payments Association have prevented well-meaning but disproportionate regulators from imposing 'creative' but what would have been seriously damaging changes to safeguarding regulations in the UK. The team at Travers Smith led by Natalie Lewis and Matt Humphreys highlight this outcome in their article, explaining how the changes being made will mean EMIs and PIs can continue to compete on a level playing field. World class collaboration. Riccardo Tordera-Ricchi Robert Courtneidge Mitch (Munish) Trehan Neil Harris Jana Mackintosh Nuala Jackson Sophie Boissier Ben Agnew Tom Brewin https://lnkd.in/evjedX7H

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