The Bank for International Settlements (BIS) and the South African Reserve Bank (SARB) have jointly launched the sixth edition of the G20 TechSprint. The initiative invites developers to deliver state-of-the-art technological solutions that enhance trust and integrity in global finance. The competition focuses on three areas: digital identity solutions that are verifiable and privacy-preserving; secure, consumer-consented systems for cross-border credit data portability; and robust measures to mitigate fraud and cyber risks that support fast payment systems. Developers are expected to register and submit their proposals by 20 June 2025, after which shortlisted teams will undergo an eight-week development period with guidance from national authorities and industry experts. An independent panel will select one winning solution per challenge in November 2025.

The Bank for International Settlements (BIS) together with the Bank of England (BoE), Bank of France, Bank of Italy, Deutsche Bundesbank and the European Central Bank (ECB)  has announced the successful demonstration of Project Meridian FX, which explored the interoperability of wholesale payment infrastructures for foreign exchange transactions using new technologies. The project employed distributed ledger technology to synchronise the settlement of FX transactions by ensuring that one leg of a transaction is executed only when its corresponding leg occurs, thereby addressing settlement, liquidity and credit risk. Developed in alignment with the objectives set out in the Group of 20 cross-border payments roadmap, the initiative integrated a synthetic version of the UK real-time gross settlement (RTGS) system with experimental interoperability solutions from the Bank of France, the Bank of Italy and Deutsche Bundesbank (DL3S, TIPS Hash-Link and the Trigger Solution respectively). The outcomes show that the synchronisation mechanism is both asset- and technology-agnostic, underscoring its potential application across various financial market operations.

The Bank for International Settlements (BIS) together with seven central banks (including the Bank of England) has announced plans to join forces with the private sector to create Project Agorá which explores ways in which tokenisation can enhance the functioning of the monetary system.

The Bank for International Settlements issues its feedback following an investigation into the potential transformative impact of artificial intelligence (AI) on the financial sector, focusing on operational efficiency, risk management, and customer experience in the banking and insurance markets. The paper canvasses the wide-spread adoption of AI technologies while highlighting the associated risks, regulatory implications and specific regulatory areas that require enhanced AI-specific review.

The Bank for International Settlements (BIS) has launched its Project AISE (Artificial Intelligence Supervisory Enhancer) to create an AI-driven toolkit designed to assist financial supervisors in navigating the complexities of regulatory oversight. With the rapid growth of fintech, regulators face increased demands due to a larger supervised base and evolving regulations. Project AISE aims to enhance supervision, research, and decision-making through AI technology. Additionally, it supports the training of new supervisors by sharing best practices, addressing the challenges posed by fintech growth, and improving overall regulatory processes.

The Bank for International Settlements (BIS) has launched Project Aperta to explore how to reduce frictions and costs in global finance by enabling seamless cross-border data portability. The project aims to connect domestic open finance infrastructures of different jurisdictions, with the initial use case being trade finance for small and medium-sized enterprises (SMEs).

The Bank for International Settlements (BIS) has published a bulletin analysing regulatory challenges posed by stablecoins' growing integration with traditional finance. The report notes stablecoin market capitalisation has reached US$255bn today, up from US$125bn in 2023. The BIS has identified key policy challenges including anti-money laundering compliance, monetary sovereignty risks and financial stability concerns. The bulletin concludes that while ‘same risks, same regulation’ principles have limitations for stablecoins, regulatory frameworks should combine traditional financial oversight with tailored approaches addressing stablecoins' specific features, particularly at interfaces with regulated financial systems.

The Bank for International Settlements (BIS) has published a report by the Consultative Group on Risk Management (CGRM) at the BIS Representative Office for the Americas, addressing the governance of AI adoption in central banks. It highlights the opportunities and risks associated with implementing AI across various critical functions, such as data security, confidentiality, and reputational risks.

The Bank for International Settlements (BIS) has published a report for the G20 Finance Ministers and Central Bank Governors outlining how central banks, financial regulators, and supervisory authorities are increasingly using artificial intelligence (AI), including machine learning and generative AI, to enhance policy effectiveness. The report details applications across data collection, macroeconomic analysis, payment system oversight, and financial supervision, supported by real-world examples and BIS Innovation Hub projects.

The Bank for International Settlements (BIS) has published a report exploring the transformative potential of tokenisation in the financial system, with a focus on enhancing efficiency, transparency, and accessibility. The report discusses use cases such as tokenising money, trading securities, and posting collateral for loans, while highlighting real-world initiatives by central banks and the private sector. It addresses challenges such as issuing tokenised central bank money and ensuring system interoperability, raising questions about the integration and safety of assets in a tokenised financial system.

The Bank for International Settlements (BIS) has published a statement of commitment to the FX Global Code, acknowledging that the Code represents principles generally recognised as good practice in the wholesale foreign exchange market. The BIS confirms that it acts as a market participant as defined by the Code and commits to conducting its FX market activities in a manner consistent with the principles of the Code. The BIS states that it has taken appropriate steps, based on the size and complexity of its activities and the nature of its engagement in the FX market, to align its activities with the principles of the Code.

The Bank for International Settlements (BIS) has published an overview of the Network for Greening the Financial System (NGFS) climate scenarios. It draws upon the 2022 report ‘Climate scenario analysis by jurisdictions: initial findings and lessons’, published jointly by the NGFS and the Financial Stability Board (FSB).