Waafi Bank Ltd, a start-up based in Malaysia, has selected us as its banking services provider to support its plans to enter the UK with its Shariah-compliant banking offering. Waafi Chair Dr Mohamed Ashraf Iqbal CPIF says why: “From the very first meeting, The Bank of London understood our needs when it comes to providing Shariah-compliant accounts. It’s important to us that the bank we look to help our business grow is not leveraging, loaning or investing any money we deposit somewhere else.” Welcome Waafi! We’re here to help businesses like yours start, run and grow. Link to announcement in comments below: #saferbanking #clientsuccess #banking / Felipe Hillard
The Bank of London
Banking
City of London , England 11,700 followers
Reach Further® with The Bank of London.
About us
Reach Further® The Bank of London - a principal clearing bank of the United Kingdom and the only mass-commercial *sovereign-system reserve bank in the world. Purpose built for business Britain, with patented technologies, we prioritise the preservation of our depositors’ monies and market stability over chasing risk driven returns. We provide: Agency, clearing, payment and settlement solutions for regulated and non-regulated domestic and international companies. Embedded Banking (As-A-Service), enabling companies to embed regulated banking products into their own branded offerings, powered by our bank license and platform. Business & Commercial Banking, providing custody, transaction, and treasury banking solutions to all types of organisations, domestic and international. *As a sovereign-system reserve bank, we do not generate credit or investment risk. No client deposits are ever loaned, leveraged, or invested. All client deposits are held in full and unencumbered at the Bank of England, which means we’re not impacted by traditional ‘bank runs’. 100% of our clients’ deposits is liquid, unencumbered and immediately available upon demand, in-full, en masse. The way it should be. thebankoflondon.com, or on twitter or instagram: @thebankoflondon
- Website
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http://www.thebankoflondon.com
External link for The Bank of London
- Industry
- Banking
- Company size
- 201-500 employees
- Headquarters
- City of London , England
- Type
- Privately Held
- Founded
- 2021
Locations
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Primary
100 Bishopsgate
City of London , England EC2N4AG, GB
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888 7th Ave
New York, New York 10019, US
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1 Lanyon Place
Belfast, Northern Ireland BT1 3LP, GB
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101 N Tryon St
Charlotte, North Carolina 28246, US
Employees at The Bank of London
Updates
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What is The Bank of London and what makes it different? Frankie Woodhead provides the run down as he takes part in a special edition of the Making Waves: Let’s Get Digital podcast hosted by Daisy Perryer. Together, they cover all things product development and ways that Frankie has made the complex simple as part of his journey and as Chief Product Officer at The Bank of London. Link to full replay from when Frankie met Daisy below. #productleadership #digitaltransformation #banking #saferbanking #podcasts 🚀
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Frankie Says … “We've got a bunch of API enhancements due to deliver in the next few weeks, which we can't wait to share with our clients & prospects.” Our API is in a free sandbox test environment allowing developers to simulate and test their applications and integrations across different offerings including current and interest-bearing, segregated and virtual accounts, plus confirmation of payee, payments & customer onboarding. #banking #product #API #sandbox / Frankie Woodhead
It's almost become a daily occurrence to see our clients progress from The Bank of London's API sandbox to our Production API. (Majority of the time without a single question due to our beautiful API documentation, quality software & AI code Assistant!) It's always nice to see the notification e-mails from HubSpot, letting us know clients have deployed to production & are experiencing what an API first next-generation clearing bank feels like! We've got a bunch of API enhancements due to deliver in the next few weeks, which we can't wait to share with our clients & prospects. Big shout out to Tom Spence, Rupali Iyer, Matthew Heath, Justine Gormley-Bateman, Maksim Kirylka, Ben Leonard, Zain Zafar! Happy Friday deployments everyone!
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🎯 When it comes to building a business, the team making it happen is so important. Learning and contributing with people from different backgrounds, skills and locations are part of the mix. In this clip from The Start-Up Diaries Podcast - Frankie Woodhead discusses how the team at The Bank of London is helping to challenge the status quo and create a different kind of bank that is ‘safer by design’. You can hear more too from Frankie and Stephen Bell with the link to the full podcast in the comments below. Have a listen! Thank you Livvie Holt and the Burns Sheehan team as well as all those behind the scenes who help deliver positive change. It matters. #banking 💸 / #innovation 💡 / #teamwork 🚀 / #podcasts🎙
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How do we balance banking innovation with safety? Traditional models have shown their weaknesses. There are better ways ✅ Discover how we're transforming banking to be safer by design. Want to know more? Contact us 📧 [email protected]
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The Bank of London reposted this
June Updates from The Bank of London! 📢 🚀 We’ve been so busy building that we’re a tad late with the June product updates, please find a summary of what we have been up to!! ✨ API Enhancements: - Create, edit & manage physical accounts - View virtual accounts and transaction histories - View, edit & cancel direct debit mandates via API. 🔒 🖥️ Online Banking: - We've now launched the ability for clients to utilise two-factor authentication apps within our online banking experience. - We've further digitised the onboarding experience for authorised payment service providers with agents. - Customers now have an enhanced payments search and payee management experience. - Customers can now receive in-app, SMS & e-mail notifications for a number of different client scenarios. All personalised to your preferences. The velocity & significance of our change is starting to grow & we’re all excited to continue to keep building for prospects & clients alike. Charlotte Bullock / Dan Turdean / Andy Day / Tom Spence / Nanna Bergmann
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Why isn’t the banking system working like it should? Why isn’t it serving people? 💭 These questions, coupled with the lived experience of our founder, and his passion to solve this industry problem, was the origin story for our firm. Stephen Bell dives deeper into our purpose, mission and how we are different by design in this clip from The Start-Up Diaries Podcast 🎧 You can hear more from Stephen and our Frankie Woodhead via the link in comments. Give it a listen!
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The Bank of London reposted this
🚀 The Bank of London introduces AI Assistant 2.0 - Now Even More Helpful! Thrilled to announce that our AI assistant is now trained on all our products & services, available on all of our public website pages. Since its launch, it has assisted clients with API integration, writing interfaces, and answering queries on rate limiting, authentication & many other topics with thousands of interactions. Excited to share that later phases will include deeper integrations into our client offering and we will enable prospects & clients to directly communicate with TBOL colleagues via a variety of mediums. #AI #Innovation #Banking #Technology
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🎤 Our Chief Commercial Officer Tam Holmes recently sat down with the Fintech Talents team for an insightful conversation on all things Embedded Finance 💡 They covered: ➡️ How is The Bank of London different? ➡️ Can embedded finance be simplified? ➡️ What exciting use cases are on the horizon? Thanks for the chat Lisa Moyle 🎥 #EmbeddedFinance #SaferBanking
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🤝 Yesterday we were delighted to host an afternoon event in collaboration with the Association of UK Payments and Fintech, to provide insights on our purpose and how we can provide solutions to their members' problems ✅ It was a great opportunity for our team to meet and better get to know the association’s members, discussing how we can help their businesses Reach Further®🚀 Many thanks to Harshan Kollara for hosting. Tam Holmes | Felipe Hillard | Sally Singer Bryan McMorrine | William Evans #SaferBanking
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