Yes, it is all about Brexit these days. Beyond doubt, it will shape international politics for the years to come. But silently, another revolution took place in the UK that did not get the attention it deserves.
The Bank of England announced it will allow non-bank payment service providers access to the real-time gross settlement system. After centuries of exclusive access to central bank reserves, commercial banks will now share this access with the growing Fintech community. We are really excited about this regime change, and here is why: