February 2025
The Nexus Roundtable organised by the Bank for International Settlements Innovation Hub (BISIH) at the Insights Forum™, held alongside the Singapore FinTech Festival 2024, highlighted the potential of multilateral platforms to transform cross-border payments into an inclusive, efficient and secure public good. Key themes explored included the benefits of multilateral approaches to cross-border payments, the importance of public-private collaboration, and the role of technology in achieving interoperability and scalability. Discussions underscored the need for harmonised regulatory frameworks, innovative approaches and use of technology to address different use cases, and robust governance structures to ensure sustainability and accessibility.
Participants identified six critical areas for success: high quality infrastructure underpinned by robust standards, interoperabi-lity supported by public-private collaboration, financial sustain-ability, regulatory alignment, support for public policy objectives, and safety and resilience. The roundtable concluded with a call to action for collaborative efforts to leverage open multilateral platforms like Nexus to help foster financial inclusivity and support global economic integration.
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