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Bank rate-setter warns rivals overtaking UK on payment innovation
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Bank rate-setter warns rivals overtaking UK on payment innovation
The Bank of England’s lead for fintech policy and digital currency has laid out a sweeping vision for the UK’s next generation of payments infrastructure amid a rallying cry for the UK to not lag behind its peers. Sarah Breeden, a rate-setter at the central bank and the deputy governor for financial stability, said the UK led the way in 2008 as a pioneer of 24-hour instant bank transfers. But the central bank official warned that the “innovation…
·London, United Kingdom
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