The Bank for International Settlements (BIS) and its central bank partners have shown through Project Mandala that regulatory compliance can be embedded into cross-border transaction protocols.

Under Project Mandala, the stakeholders developed a compliance-by-design decentralised system, which streamlines cross-border payments by embedding regulatory compliance within a network of ...

The bank will also continue its work on Project Mandala, which seeks to automatize the compliance procedures for cross-border payments; Project Pyxtrail, which monitors the balance sheets of asset ...