In a speech delivered at the Innovate Finance Global Summit earlier this week, Cecilia Skingsley, Head of the Bank for International Settlements Innovation Hub, called for public-private partnership to drive supervisory technology (SupTech) development.
"We, as in the public sector, need to join forces with you in the private sector to build technology solutions that can shape the future of supervision and support financial stability," Skingsley argued. Acknowledging that some vendors may struggle to engage with the public sector due to a lack of clarity around objectives, specifications, and priorities, Skingsley encouraged public sector entities to become "better customers."
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