We are living in a moment of incredible technology innovation that’s enabling greater collaboration, trust and resiliency. Entire ecosystems are moving away from traditional business models and exploring new ways of doing business. I’m very excited to announce that Accenture is continuing to drive innovation with central banks and core financial infrastructure in a newly formed consortium involving Credit Suisse, Digital Asset, Main-Incubator, Natixis, R3, SAP, SDX and UBS, who are working together to help the Banque de France test the integration of a central bank digital currency (CBDC) for interbank settlements.
This initiative demonstrates the growing interest among central banks, financial institutions, and Fintechs around the world in digital currencies that will undoubtedly have wide-reaching implications for how we modernize the international monetary system and the evolution of money. This group project represents a great opportunity to work and learn together while bringing our joint expertise to the evolution of money. We are proud to stand together as partners and honored to be part of the selected candidates for the Banque de France.
I invite you to read more about the Banque de France work at Accenture, HSBC, SocGen in French central bank digital currency test and to view the news release in French List of candidates selected for central bank digital money (MDBC) experiments.