FortisNet

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 CBDC 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 CBDC 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 CBDC 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. The BIS names Knox Networks as the winner of that category; FortisNet's documented result is finalist recognition.

VERIFY WITH BIS