Bank of England innovation objective proposed
Thursday 27th August, 2026
The UK Government has proposed giving the Bank of England a secondary duty to support payments and digital-money innovation, while keeping financial stability first; it is not yet in force.
This gives Wise a natural chance to comment on how UK rules could make cross-border payments faster, simpler and more competitive for consumers.
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Why have we flagged this?
The proposed Bank of England objective could shape the UK’s digital payments landscape, giving Wise an opportunity to comment on how innovation can improve cross-border payments for consumers.
Get reactive idea inspiration
Thinking...
These are starting points for inspiration, not finished ideas.
Data idea
Show how quickly international payments reach customers
Use transfer data to reveal the share of international payments completed outside traditional banking hours.
Data to investigate: Analyse your transaction data to calculate the proportion of transfers completed during evenings, weekends and public holidays.
Why: The statistic would make the abstract promise of payment innovation tangible and show why always-on payment infrastructure matters.
Expert comment
Define payment innovation by consumer outcomes, not new technology
Argue that the Bank of England should measure innovation through speed, transparency, reliability and choice for ordinary customers.
Expert comment angle: Have Wise’s policy spokesperson offer this view to national personal finance and business journalists covering the proposed objective.
Why: It gives reporters a clear consumer test for a technical regulatory change, with Wise credibly positioned to explain cross-border payment friction.
Newsjack
Create a consumer scorecard for payment innovation
Publish a simple scorecard showing how payment providers perform on cost, speed, transparency and reliability.
Newsjack angle: Create the scorecard within days and offer it to consumer finance publications as a practical way to assess the Bank’s future annual progress reports.
Why: It turns a complex policy announcement into a useful consumer story and gives journalists a clear framework for judging whether innovation benefits the public.