Ian Hall

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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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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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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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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🎥 There’s something about Brighton that makes big NatWest Group ideas flow, even in the rain 🌧️☔️🌈 While catching up with Chris Plank ☁ from the NatWest Group Hosting Solutions team, we dived into the open source that really happens within the major financial institution. Chris Plank ☁ isn’t just a NatWest Group colleague, he’s a recognised voice in the Cloud Native Computing Foundation (CNCF) and recently appointed Technical Community Lead for Platform Engineering 👏🏻👏🏻👏🏻 In this vlog, we talk about: 💬 How NatWest is leaning into open source collaboration through the OSPO ☁️ Why Cloud Native matters for open source contribution. Thank you Edward Newman, Mark Campbell and Ken Adamson 👌🏻 🤝 The importance of open source engineering, from FINOS to CNCF, and how sharing code creates progress for everyone Walking through the Brighton lanes, this chat captures exactly why open source thrives when curiosity meets collaboration 🎤📹 Huge thanks to Chris Plank ☁ for sharing his insights in part one of this multi series vlog ✨🧙🏻‍♂️ #OpenSource #CNCF #NatWestGroup #CloudNative #Collaboration #BrightonTech

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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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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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📣 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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