Raphael Auer is head of the BIS Innovation Hub Eurosystem Centre, which is located in Frankfurt and Paris. Before taking up his current assignment, he was Principal Economist in the BIS's Innovation and Digital Economy and Monetary Policy units. Before that, he was Deputy Head of the International Trade and Capital Flows unit at the Swiss National Bank, a Globalization and Governance Fellow at Princeton School of Public and International Affairs and a junior visiting fellow at the Federal Reserve Bank of New York. Raphael holds a PhD in economics from MIT and is president of the Central Bank Research Association. He has published on topics relating to international macroeconomics, exchange rate pass-through, and digital currencies.

The Bank for International Settlements' mission is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks.

Keynote Address: Artificial intelligence and the future of central banking

How will AI reshape the global financial system and central banking? What roles does the BIS play in supporting central banks through this journey? As AI adoption accelerates, proactive steps are essential to navigate the transformative impact on finance. This presentation outlines the BIS's strategic actions and collaborative work with central banks, including two impactful projects from the Innovation Hub: Project Gaia , which automates climate data extraction from corporate reports for more efficient climate risk analysis, and Project Spectrum, which leverages AI to organize retail data for more accurate inflation forecasting.