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Technology and innovation are transforming the global financial landscape, presenting opportunities, risks and challenges for regulated institutions and authorities alike. A significant area of innovation is the application of new technologies to help authorities to improve their supervisory capabilities – known as ‘SupTech’ - and by institutions to meet their regulatory requirements – known as ‘RegTech’.
The report contains a variety of case studies giving practical examples of deployment of SupTech and RegTech tools. These include a number of examples related to the COVID-19 experience, which has served both to increase interest in SupTech and RegTech, but also to illustrate where authorities have been able to deploy these solutions to support remote working, crisis response and enhanced surveillance and supervision.
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