BIH’s mandate is structured around three primary objectives: first, to identify and develop in‑depth insights into critical trends in technology affecting central banking; second, to develop public goods in the technology space geared towards improving the functioning of the global financial system; and third, to serve as a focal point for a network of central bank experts on innovation.
The Hub takes an experimental approach to projects, meaning initiatives are designed expressly to test technological and practical feasibility rather than to serve as proven production systems. In doing so, the BIH contributes to advancing the knowledge base and collaborative infrastructure for central banks navigating digital transformation.
By leveraging its network of central banks and technology stakeholders, the BIH supports the development of “public goods” – tools, standards and platforms that are open and beneficial to the wider global financial system. This promotes safer, more resilient and more efficient financial infrastructures. The emphasis on global collaboration helps ensure that innovation reflects a broad range of regulatory perspectives and practical challenges.
In practice, the BIH’s work spans areas such as digital currencies, distributed‑ledger systems, data‑driven supervision and cross‑border payments technology. Its projects help central banks stay ahead of rapidly evolving technology risks and opportunities, facilitating informed policy choices and operational strategies. The Hub thus represents a strategic interface between central banking oversight and the fast‑moving fintech ecosystem.
In summary, the BIS Innovation Hub plays a vital role in shaping the future of central banking technology by fostering experimentation, delivering public‑good digital infrastructure and enabling a global network of central‑bank innovation experts.
