Publication: The Next Wave of Suptech Innovation: Suptech Solutions for Market Conduct Supervision
Date
2021-03-01
ISSN
Published
2021-03-01
Author(s)
World Bank
Abstract
Around the world, financial sector
supervisors are experiencing a profound shift to data-driven
supervision enabled by the next wave of technology and data
solutions. While technology and data are not new to
financial oversight, their specific application to financial
consumer protection and market conduct supervision has
become more widespread and sophisticated in recent years.
Expanding on the World Bank’s 2018 note on supervisory
technology, or suptech, this technical note catalogues a
range of specific solutions that financial authorities are
deploying to help increase the efficiency and effectiveness
of market conduct supervision. The note identifies four
categories of suptech solutions (regulatory reporting,
collection and processing of complaints data,
non-traditional market monitoring, document and business
analysis) and provides concrete examples of 18 different
suptech solutions for market conduct supervision, drawing
from the experiences of 14 financial sector authorities
worldwide. The note also discusses implementation
considerations and enablers of successful suptech adoption
commonly experienced across countries.
Citation
“World Bank. 2021. The Next Wave of Suptech Innovation: Suptech Solutions for Market Conduct Supervision. © World Bank, Washington, DC. http://hdl.handle.net/10986/35322 License: CC BY 3.0 IGO.”