Model banks
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Key model elements
Former Fed chair Ben Bernanke urged the Bank of England to make several enhancements to its main forecast model in his 2024 review. Though the elements would add much realism to the model, benchmarking data shows that in most areas, his proposals are only in use at a handful of central banks.
To explore the data in more detail, use the benchmarking service’s interactive charts.
Flexibility and business continuity seen as key benefits of cloud services
But three in four fintech teams point at privacy as concern
Central banks more likely to use software-based cloud services
Cloud widely used for cyber security and other applications
AI spreads further among fintech teams
Centralised fintech teams more likely to apply AI/ML to sentiment analysis
Half of planned CBDCs designed to be programmable
Two-thirds of wholesale CBDCs likely to be programmable