Other initiatives to guide new and firms that are innovative Lowering barriers to expansion and entry Tandem Bank (authorised in November 2015) is a digital-only retail bank that will operate an individual finance guide which compares lending options provided by both Tandem as well as its competitors. Other innovative banks are in the pipeline for authorisation. Other initiatives to guide new and innovative firms The lender of England supports innovation in financial services through its strive to promote research that is innovative data analytics in central banking, and enhancing the ability of innovative firms to access Bank of England facilities. The Bank in addition has embraced technology that is new the provision of UK banknotes. Research and analytics The lender launched its One Bank Research Agenda initiative in February 2015 to try and understand and develop innovative practice that is best in central banking, taking into consideration technological, institutional, social and environmental change.