BIS Innovation Hub Launches Nordic Centre in Stockholm

The Nordic Centre was opened in collaboration with the central banks of Denmark, Iceland, Norway and Sweden.

The BIS Innovation Hub has launched its Nordic Centre in Stockholm, the fifth centre to be opened in the past two years.

The Nordic Centre was opened in collaboration with the central banks of Denmark, Iceland, Norway and Sweden.

The launch is part of a plan to expand BIS Innovation Hub’s global reach, which also includes the opening of centres in Toronto, London, Frankfurt and Paris.

The London Centre was opened last week. Centres have previously been established in Hong KongSingapore, and Switzerland.

In January 2021, the BIS also signed a memorandum of understanding for a strategic collaboration with the Federal Reserve System in New York.

In January, the BIS Innovation Hub set out its work programme for 2021, focused on six areas: suptech and regtech; next-gen financial market infrastructures; CBDCs; open finance; cyber security; and green finance.

Work related to these themes is spread among the various Hub Centres. Specific projects for the Nordic Centre have not yet been finalised.

The BIS Innovation Hub was established in 2019 by the BIS to explore the use of innovation to enhance the functioning of the global financial system.

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