The art of the possible for SupTech

This roundtable reflects Elevandi’s commitment to advancing adoption of frontier technologies. This includes consideration of the Use of AI/ML in Financial Supervision by Central Banks in a 2024 FutureMatters opinion.

The RegTech Association research has found that the adoption of RegTech or SupTech for supervisors is on the rise with 80% of regulators in the last survey indicating that they had onboarded a solution in the prior 12 months and engagement levels are high. There are still challenges on the needs for regulators and central agencies not being clear on their needs and challenges in onboarding innovation.

Under the theme of Decoding Digital Assets and Payments, this roundtable will be a first step in creating a safe space conversation with supervisors and technology companies. It will feature presentations from BIS and Central Banks from Europe as well as technology companies in the SupTech/RegTech arena. The presentations will be followed by a moderated discussion that will crystallise the points from the speakers and unpack the opportunities, barriers and the new horizons with input from the attendees of the session.

Attendees who wish to familiarise themselves with the topic may refer to the reference materials below.
- Use of AI/ML in financial supervision by central banks
- Building a more diverse suptech ecosystem: findings from surveys of financial authorities and suptech vendors (bis.org)
- The RegTech Association - Industry Perspectives 2023 (regtechglobal.org)