Innovation, fintech and AI

The future of central banking is inextricably linked to innovation.

Fintech refers to technology-enabled innovation in financial services. This technological sea change is transforming the financial sector and the wider economy, affecting all aspects of our work - from payments to monetary policy to financial regulation. Central banks have a responsibility to be at the vanguard of the intensifying debates about the nature of money in a digital world and how new players will reshape the financial services landscape and the financial system more broadly.

As the digital economy and financial innovation expand beyond regulatory perimeters and national borders, policymakers need institutional mechanisms to help them work and learn together. This page gathers the various strands of work produced by the BIS, its hosted committees and its stakeholders on the implications of emerging technologies for the financial sector and the wider economy.