Innovation BIS 2025 is the ambitious strategy we launched in financial year 2019/20. The strategy helps us to meet the needs of our central bank stakeholders in these times of rapid economic and technological change. It seeks to shape continuous innovation on the analytical and business fronts.
We are now four years into Innovation BIS 2025, and substantial progress has been made. In 2022/23, we marked the successful delivery of approximately 80% of the strategy. As we enter the final stretch of Innovation BIS 2025, we are sustaining our momentum to complete the agenda and embedding the changes brought through this ambitious development programme.