The Bank for International Settlements (BIS) is an international financial institution owned by central banks, founded in 1930 and headquartered in Basel, Switzerland. Its core mission is to support central banks in pursuing monetary and financial stability through international cooperation. The BIS acts as a bank for central banks and operates a global network of centres and expert communities spanning central banking, monetary policy, financial stability, and banking supervision.
For technologists, the BIS Innovation Hub is a key area of work. It develops public goods in the technology space to support central banks and improve the functioning of the financial system. Technology development and financial system innovation sit at the heart of the Hub's mandate, offering engineers and researchers the opportunity to work on problems at the intersection of public policy and emerging technology.
The institution also houses the Basel Committee on Banking Supervision, which works to enhance supervisory practices worldwide, the Financial Stability Institute, which assists supervisors in strengthening their financial systems, and a substantial statistics and research operation that maintains a global network of central bank experts on innovation.
