Artificial intelligence at the Bank of England – William Lovell

William is Head of Future Technology at Bank of England

William is responsible for looking at how new technologies are influencing the financial system and how they can be exploited to meet the Bank of England’s mission.  This involves work on distributed ledger, artificial intelligence as well as conventional technologies with a particular focus on payment and settlement platforms.

The Bank of England

The Bank of England is the central bank of the United Kingdom. Sometimes known as the “Old Lady” of Threadneedle Street, the Bank was founded in 1694 with a founding charter that stated its purpose was to “promote the public good and benefit of our people”.

Podcast

In this episode, William talks to Andy about the positive effects Artificial Intelligence is having on the banking sector. Working with Fintech’s is another area of discussion on the show. William lays out how legacy banks are working with fintechs for the good of the public.  

 

Show Notes:

00.32 Sydney’s international conference center.

01.52 The Bank of England’s mission.

04.10 Collaborating with fintechs.

05.27 Is traditional banking lagging behind the fintech sector?

07.12 Innovation lies in evolving business processes.

08.54 We cannot operate in siloed departments anymore.

10.07 Artificial intelligence and collaboration.

14.33 Convincing people on the benefits of AI.

16.10 Changing habits.

20.12 Has banking become interesting?

21.16 William’s background and career progression.

22.32 Tech has so much career pathways now.

24.38 2030 is the next big horizon for tech innovation.

26.38 How is technology changing our interactions.