Inter-American Development Bank (IDB) and BIS join forces to foster innovation and financial inclusion in Latin America and the Caribbean

Inter-American Development Bank (IDB) and BIS join forces to foster innovation and financial inclusion in Latin America and the Caribbean

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Inter-American Development Bank (IDB) and BIS join forces to foster innovation and financial inclusion in Latin America and the Caribbean

The two institutions are exploring and developing technology that can help to modernise the region's financial systems. The first initiative resulting from this collaboration is Project FuSSE (Fully Scalable Settlement Engine, pronounced as fyooz), which offers open-source technology among central banks to facilitate the implementation of payment systems and other settlement infrastructures.

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