Central banks band together to tackle technology with innovation hub
30 June 2019 - 18:34
Zurich — Central banks grappling with fast-changing financial technology and companies such as Facebook moving into finance aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements (BIS).
The BIS said the intention of the hub, to be based in Basel, Hong Kong and Singapore, is to improve the functioning of the global financial system and identify and develop insights into trends in technology affecting central banking...
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