Bank for International Settlements Expands North American & European Hubs
PRESS RELEASE
The BIS Innovation Hub is an investment in the future of central banking and the financial system. These new centres will expand our reach significantly and help create a global force for fintech innovation.
- BIS Innovation Hub to extend global reach with four new centres over next two years in collaboration with central banks.
- New locations in Toronto, London, Frankfurt & Paris and Stockholm; strategic partnership in New York.
- Expansion will allow Innovation Hub to spur central bank work across multiple fintech pillars.
The Board of the Bank for International Settlements (BIS) today announced the expansion of the BIS Innovation Hub with the establishment of new Hub centres across Europe and in North America in cooperation with member central banks.
In the next two years, the BIS will open centres in collaboration with the Bank of Canada (Toronto), the Bank of England (London), the European Central Bank/Eurosystem (Frankfurt and Paris) and four Nordic central banks (Danmarks Nationalbank, the Central Bank of Iceland, the Central Bank of Norway and Sveriges Riksbank) in Stockholm. The BIS will also form a strategic partnership with the Federal Reserve System (New York).
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