SupTech, short for supervisory technology, is equipping financial authorities with advanced solutions to address the need for more efficient and effective supervision in response to the growing complexity of global, datafied, and decentralized financial systems in the era of mass consumption of financial services.1 This innovative field emerged from several key factors:2
SupTech promises financial authorities increased efficiency by automating data collection and validation processes, significantly reducing the manual workload and expediting the supervisory process. Many new applications enhance accuracy and reliability, leading to more trustworthy datasets and advanced analytics that refine risk assessments and anomaly detection. Some solutions enable proactive supervision through predictive analytics, allowing the identification of potential risks before they materialize.
This content is available to both premium Members and those who register for a free Observer account.
If you are a Member or an Observer of Starling Insights, please sign in below to access this article.
Members enjoy full access to all articles and related content from past editions of the Compendium as well as Starling's special reports. Observers can access a limited number of articles and may purchase articles on an ala carte basis.
You can click the 'Join' button below to become a Member or to register for free as an Observer.
Join The Discussion