BIS to set up three fintech innovation hubs

Image of globe, with highlighted regions and forms of technology
Monito

The Bank for International Settlements will set up a network of innovation hubs to help central banks collaborate on financial technology, with two out of the first three in Asia.

The BIS will set up hubs in Singapore and Hong Kong, while the third will be located in Basel, it announced on June 30.

“The IT revolution knows no borders and therefore has repercussions in multiple locations simultaneously,” said Jens Weidmann, chairman of the BIS board of directors.

Weidmann said the central

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: