Toronto, Canada – The Bank for International Settlements (BIS) has named Beju Shah as the new Head of the Toronto Innovation Hub, reinforcing its commitment to driving financial innovation and emerging technologies in North America.
Opened in June 2024 with the support of the Bank of Canada, the Toronto Innovation Centre focuses on advancing next-generation financial market infrastructures, regulatory technology (RegTech), supervisory innovation (SupTech), and open finance across Canada, Latin America, and the Caribbean. These initiatives align with three of the BIS Innovation Hub’s six priority themes, which also include cybersecurity, green finance, and central bank digital currencies (CBDCs).
Shah transitions to his new role after leading the Nordic Centre of the BIS Innovation Hub since 2022, where he spearheaded projects in cyber resilience, financial crime prevention, AI-driven financial services, and the future of money and payments. Prior to BIS, he spent a decade at the Bank of England, leading major initiatives in big data, technology transformation, and business innovation.
The Toronto Innovation Hub is the first BIS facility in the Americas and joins a global network of centres in Switzerland, the Eurosystem, London, the Nordics, Hong Kong, and Singapore.
This appointment underscores BIS’s strategic push to foster global financial innovation, enhance digital transformation, and strengthen resilient financial ecosystems worldwide.
