The U.K. Government, through the Bank of England, is collaborating with the BIS Innovation Hub London to develop Project Keystone, aimed at leveraging ISO 20022 data to improve economic analysis, system liquidity, and compliance. This initiative focuses on creating a standardized data analytics platform that central banks and payment system operators can integrate into their systems.
Keystone will enhance the analytical use of ISO 20022 data, providing deeper insights into economic conditions and compliance, and facilitating data sharing and advanced analytics across the central banking community.