Latest Bank for International Settlements News

Artificial Intelligence image concept
Business 1 February 2024

Central banks are adopting AI despite inherent risks

Even before artificial intelligence gained mainstream popularity, central banks have been utilizing the technology, according to a study by the BIS, which suggested the upskilling of workers on AI amid stiff labor market competition.

BIS app on mobile
Business 29 January 2024

BIS tokenization project is 1 of 6 in 2024

The Promissa project, made in collaboration between Bank for International Settlements, the Swiss National Bank, and the World Bank, will develop a proof-of-concept platform to facilitate digital tokenized promissory notes.

hand shake with world map background
Business 4 December 2023

BIS, World Bank to tokenize promissory notes

BIS will tokenize promissory notes which still rely on stacks of papers, and while this “isn’t going to revolutionize the world,” it’s a critical first step.