TOOL · GLOBAL
BIS Project Aperta prototypes 'network of networks' for cross-border open finance APIs
The Bank for International Settlements published results from Project Aperta, an initiative designing and testing a neutral interoperability layer connecting domestic open finance API networks across jurisdictions. Goal: enable seamless cross-border financial data and payment flows via standardized APIs.
WHY IT MATTERS
BIS-led initiative positioning open finance plumbing as critical infrastructure; success would enable new cross-border fintech use cases but requires national regulators to agree on shared standards—high coordination risk.
Source: Finextra · 2026-06-01