Enabling cross-border interconnectivity through open finance interoperability
2026
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This report details Project Aperta, a proof-of-concept initiative by the BIS Innovation Hub that successfully demonstrated the technical feasibility of enabling cross-border interconnectivity through open finance interoperability.
* Explores a "network of networks" approach to connect existing domestic open finance frameworks without requiring fundamental changes to local infrastructure.
* Tested two practical use cases: cross-border business account opening and a multi-stage trade finance journey.
* Highlights the importance of collaboration among regulators, central banks, and industry stakeholders in advancing global financial infrastructure.
Tags: open finance, interoperability, cross-border, APIs, BIS
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