In June 2019, the Bank of England released a 147-page report, The Future of Finance, which noted that "Technology is changing how we work, spend and live, and went on note the importance of finance in helping "households and businesses adjust to and take advantage of the new economy, if firms and policymakers rise to the challenge. This virtuous circle is potentially closed by technology: "Advanced analytics and the emergence of artificial intelligence could transform how customers experience finance and the agility, efficiency and resilience of financial firms.