FortisNet
Bank for International SettlementsReserve Bank of IndiaG20 India 2023

02 / G20 TECHSPRINT 2023

BORDERS
ARE NOT
THE LIMIT

The world moves through many currencies and many systems. At the BIS and RBI G20 TechSprint, FortisNet joined the global shortlist for a challenge on multilateral cross-border currency platforms.

SEE THE BIS RECORD
G20 TechSprint 2023 event display with global flags and cross-border payments theme
G20 TECHSPRINT 2023 / MUMBAI
THE EVENTG20 TECHSPRINT 2023
THE CHALLENGEMULTILATERAL CURRENCY PLATFORMS
THE RESULTSHORTLISTED FINALIST

THE STORY / 2023

PAYMENTS
WITHOUT BORDERS

01 / CONTEXT

A GLOBAL
QUESTION

Under India's G20 presidency, the BIS Innovation Hub and RBI brought innovators together to tackle the friction in cross-border payments.

02 / THE PROBLEM

ONE PAYMENT
MANY SYSTEMS

Problem statement three asked for technology for multilateral cross-border central bank digital currency platforms—systems that must work across institutions and jurisdictions.

03 / THE RESPONSE

IN THE
CONVERSATION

FortisNet presented a prototype in this problem category. The BIS lists FortisNet Ltd among 21 shortlisted teams from around the world, including seven in the currency platform category.

THE GALLERY / G20 TECHSPRINT

G20 TechSprint 2023 event floor and presentation screen
01 / The cross-border payments stage in Mumbai.
Closer view of the G20 TechSprint global display from the same event photograph
02 / A closer frame from the same event photograph.
Bank for International Settlements logo
03 / The BIS record lists FortisNet among the finalists.

THE RECOGNITION

21 TEAMS.
ONE GLOBAL SHORTLIST

FortisNet was shortlisted for problem statement three.

VERIFY WITH BIS