The SupTech Imperative
Head of the Bank for International Settlements (BIS) Innovation Hub
Jun 11, 2024
Compendium
Head of the Bank for International Settlements (BIS) Innovation Hub
Jun 11, 2024
Compendium
Innovation in SupTech, or technology applied to banking supervision, is essential to safeguard our financial system. At the Bank for International Settlements Innovation Hub, our view is that all of us — central banks, supervisors, regulators and the private sector — have a role to play in ensuring that digital-enabled markets are complemented by digital enabled oversight. So how do we do this?
At the Innovation Hub, we believe that there are two elements through which we can assist financial authorities to keep pace with and benefit from, advancements in technology. These are providing insights into the global SupTech landscape and driving collaborative experimentation through public-private partnerships.
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