Mission Mandala is exploring how regulatory necessities will be digitally embedded into cross-border fee techniques to automate compliance.

Led by the BIS Innovation Hub Singapore Centre with the Reserve Financial institution of Australia, Financial institution of Korea, Financial institution Negara Malaysia, and the Financial Authority of Singapore, the challenge goals to automate compliance procedures and scale back regulatory friction in worldwide transactions.

It builds on Mission Dunbar, which examined a multi-central financial institution digital foreign money platform for cross-border settlements.

Utilizing a compliance-by-design structure, Mandala encodes jurisdiction-specific guidelines right into a shared digital framework to allow real-time monitoring, pre-validation of checks, and computerized proof technology earlier than funds are made.

These proofs will be hooked up to central financial institution digital currencies or Swift messages to make sure all necessities are met earlier than funds are transferred.

The proof-of-concept examined two use instances: cross-border lending between Singapore and Malaysia, and capital funding financing between South Korea and Australia.

Each confirmed how automation can velocity up processing, scale back duplicate checks, and defend privateness by zero-knowledge proofs and multi-party computation.

Mandala runs on a peer-to-peer community linking banks and regulators.

Every participant operates a node combining a safe messaging layer, a guidelines engine that interprets rules into code, and a proof engine that verifies compliance mechanically.

Mission Mandala Enters Part 2

Mandala has been efficiently examined with each Mission Mariana’s wholesale CBDC community and the Swift transaction supervisor, exhibiting its means to combine with present and rising fee techniques.

BIS revealed its remaining Part 1 report in October 2024, confirming that compliance will be embedded inside cross-border transaction protocols.

In November 2025, the challenge moved into Part 2 with new contributors, together with the Financial institution of France, Reserve Financial institution of India, Central Financial institution of Kuwait, Bangko Sentral ng Pilipinas, and Financial institution Negara Malaysia.

The following part will check scalability, increase use instances, and discover programmable compliance for digital property.

If confirmed efficient, Mission Mandala may function a typical compliance layer for international fee techniques, supporting G20 and Monetary Stability Board objectives to make cross-border funds sooner, safer, and extra clear.

Featured picture: Edited by Fintech Information Singapore, based mostly on picture by thanyakij-12 through Freepik