The Bank for International Settlements, BIS, announced to establish a BIS Innovation Hub Centre in Stockholm in collaboration with the central banks in Denmark, Iceland, Norway and Sweden. The Nordic Innovation Centre will work to deepen the analysis of technological financial innovation relevant to central banks.
To extend global reach, BIS is establishing four new Innovation Hub Centres over the next two years to foster international collaboration on innovative financial technology within the central banking community.
A Nordic Innovation Hub Centre will serve as a focal point for a network of experts on innovation, for research on critical trends in financial technology of relevance to central banks, and for promoting international cooperation to enhance the functioning of the global financial system.
Located in Stockholm, the Nordic Innovation Centre will keep Denmark, Iceland, Norway and Sweden in the forefront of research into digital solutions and analysis of fintech innovation. According to BIS, this centre will offer great depth of expertise in many areas of financial innovation relevant to central banks. Read more here: https://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/press-releases/2020/bis-to-establish-innovation-hub-centre-in-stockholm/