BIS Innovation Hub Centre - London

The BIS Innovation Hub London Centre was established in 2021. Its current project focus areas are central bank digital currency (CBDC), next generation financial market infrastructures and supervisory technology (suptech).

22 Mar 2022

The Innovation Hub London Centre head, Francesca Hopwood Road, discusses the centre's projects and priorities and how diversity and inclusion are important to foster innovative thinking.

Our centre

London is renowned as a world leading financial centre. The city drives financial innovation by harnessing its thriving tech ecosystem, world-class universities, research institutions and deep knowledge of financial markets.

Physically located at Threadneedle Street the BIS Innovation Hub London Centre is also connected to the wider fintech communities across the UK, in Scotland, Northern Ireland, England and Wales. Sitting at the heart of these communities, the BISIH London Centre plays an innovative role by leveraging the talent and expertise in the UK fintech community and building strong collaborative partnerships with both public and private sector innovators.

Our team

From left to right: Amy Jiang, Francesca Hopwood Road, Chris Hackworth, Eryk Walczak.

Our projects

Many high-value transactions by households and businesses settle in real-time settlement systems - such as an individual buying a house or an investment fund buying some securities on a stock exchange. These are complex transactions that require significant coordination between counterparties, which can be timely and costly. Project Meridian will develop a prototype synchronisation operator, an intermediary platform that connects counterparties and coordinates the settlement process directly in central bank money. Final settlement will happen sooner, and more cheaply and seamlessly.

Project Rosalind aims to develop prototypes for an application programming interface, to explore how it could best enable a central bank ledger to interact with private sector service providers to safely distribute and settle retail CBDC payments. It will also explore some of the functionalities required to enable a diverse and innovative set of use cases to be developed by the private sector. By exploring these elements, the project will seek to contribute knowledge about how best to lay the foundation for building a robust and vibrant ecosystem. 

If you want to find out more about our projects, please email

The BIS, together with its partners, is taking a leading role in coordinating the work of central banks on technological innovation in the financial sector to pave the way for the future of central banking. This new Centre in London reflects the Bank of England's critical role as an innovator in responding to the challenges and opportunities of the digital world while safeguarding financial stability.

Agustín Carstens, General Manager of the BIS

As a central bank, we recognise the importance of innovation for the global financial system and look to support its safe deployment wherever possible. This requires collaboration between public authorities in all jurisdictions, and the BIS Innovation Hub is an important global initiative for achieving this.

Andrew Bailey, Governor of the Bank of England