Breaking News
King Charles III banknotes to enter circulation on 5 June 2024
Today the Bank of England unveiled the design of the King Charles III banknotes. The portrait of The King will appear on existing designs of all four polymer banknotes (£5, £10, £20 and £50), with no other changes to the existing designs.
The King’s image will appear on the front of the banknotes, as well as in cameo in the see-through security window.
The new notes are expected to enter circulation by mid-2024. All polymer banknotes carrying a portrait of HM Queen Elizabeth II remain legal tender, and the public can continue to use these as normal.
In line with guidance from the Royal Household, to minimise the environmental and financial impact of this change, new notes will only be printed to replace worn banknotes and to meet any overall increase in demand for banknotes.
Notes featuring HM Queen Elizabeth II and King Charles III will therefore co-circulate.
Speaking ahead of the release, Governor Andrew Bailey said: “I am very proud that the Bank is releasing the design of our new banknotes which will carry a portrait of King Charles III. This is a significant moment, as The King is only the second monarch to feature on our banknotes. People will be able to use these new notes as they start to enter circulation in 2024.”
People In This Post
Companies In This Post
- Business Show Media, Organizer of the World’s Largest Business Events, Reimagines the White Label World Expo for an Exciting New Era Read more
- The Finalists Announced for the 2025 FF Awards Read more
- How the New Generation of Digital Wallets Will Upend Fintech Read more
- EXCLUSIVE: “‘Shadow Boxing'” – Rajul Sood, Acuity Knowledge Partners in ‘The Fintech Magazine’ Read more
- Vennre Builds Wealth Tech Platform Read more
ECB Taps G+D Partnership for Digital Euro Resilience
Advancing the preparation of a digital euro, the European Central Bank (ECB) has announced the conclusion of the framework agreements for each of the five digital euro negotiated procurement procedures (also see the notice view in the Official Journal of the EU). A cooperation between Giesecke+Devrient (G+D) partnering with Nexi and Capgemini has now been selected as the first ranked tenderer in the framework agreement to provide an end-to-end solution to make digital euro payments offline available to users and merchants across Europe. The ability to pay offline, with no third-party involvement, is a key feature of the digital euro, which would ensure privacy and resilience as only cash does today.
G2 Risk Solutions Finalizes EverC Transaction
G2 Risk Solutions (G2RS) today announced the completion of its transaction with EverC, expanding G2RS’ global reach and adding proven AI-powered risk solutions to its product suite.
Digital Banking Partnership with Moorwand
Tap Global Group plc (AIM: TAP), an innovative digital finance hub that brings money payments and crypto settlement services together in a single user-friendly app, is pleased to announce a landmark strategic partnership with Moorwand, a UK FCA regulated Electronic Money Institution (EMI). Through this partnership, Tap will integrate Moorwand's comprehensive Banking-as-a-Service (BaaS) platform to provide customers with dedicated GBP accounts, complete with Sort Codes and Account Numbers, and EUR accounts with individual IBANs.
First City Credit Union Modernizes Member Communications with Eltropy
Eltropy, the leading AI-powered digital conversations platform for community financial institutions, announced today that First City Credit Union has selected its Unified Platform to improve how it communicates with members across all departments and channels. The partnership is a key step in the credit union's progress towards becoming a digital-first organization.
Bud Financial Launches MCP Server to Accelerate AI Agents with Bank-grade Financial iItelligence
Bud Financial (“Bud”), the AI platform that turns banking data into actionable insights, today announced the release of the Bud MCP server, enabling rapid development of AI agents that benefit from a deep, real-time understanding of users’ finances. Bud’s MCP server lets AI applications integrate seamlessly with Bud’s platform so that banks can rapidly deploy AI internal and customer facing systems while safely leveraging their core customer data.
Children Today Get £224 Less a Year in Pocket Money Than Their 2005 Peers, New Figures Show
For many children, pocket money is their first step towards financial independence, giving them a chance to make their own decisions about saving and spending. But new analysis from Wealthify shows that allowances peaked almost 20 years ago and have been in long-term decline ever since, leaving today’s children with less money of their own than their peers in the mid-2000s.
Snowflake Unveils Cortex AI for Financial Services: Enterprise-Ready AI Built to Scale
Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced Snowflake Cortex AI for Financial Services, a comprehensive suite of AI capabilities and partnerships that empower financial services companies to unify their financial data ecosystem and securely deploy AI models, apps, and agents with that data — while offering rigorous security and compliance controls required in regulated industries.
Business Show Media, Organizer of the World’s Largest Business Events, Reimagines the White Label World Expo for an Exciting New Era
Business Show Media, the award-winning powerhouse behind the world’s most influential business events, has officially acquired the White Label World Expo, with a vision to transform it into an unmissable global platform for innovation, partnerships, and growth.
The Finalists Announced for the 2025 FF Awards
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
How the New Generation of Digital Wallets Will Upend Fintech
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
EXCLUSIVE: “‘Shadow Boxing'” – Rajul Sood, Acuity Knowledge Partners in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Vennre Builds Wealth Tech Platform
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Evolving Role of Payment Orchestration in E-Commerce
As global e-commerce continues to surge, the need for seamless, intelligent, and flexible payment infrastructure has never been greater. With online shopping reshaping retail and customer expectations rising, merchants are increasingly investing in technologies that optimise payment flows, reduce friction, and maximise conversion rates.
OpenPayd Appoints Yasemin Swanson as Chief Operations Officer
OpenPayd, a leading provider of financial infrastructure, today announced the appointment of Yasemin Swanson as its Chief Operations Officer. Swanson joins from ClearBank, where she was Chief Business Officer.