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 CTRRU, its hosted committees and its stakeholders on the implications of emerging technologies for the financial sector and the wider economy.
CTRRU fintech-related publications focus on technological innovation's effect on the financial system and economy, particularly on aspects of interest for central bank.
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.
CTRRU Innovation Hub projects aim to develop public goods in the technology space geared towards improving the functioning of the financial system. Our projects are experimental in nature, for the purpose of investigating technological and practical feasibility.
The CTRRU Open Tech is a platform for sharing statistical and financial software as public goods, by promoting international cooperation and coordination. These software tools are developed according to international best practices and standards and can be reused and further developed in a wide variety of environments.