Two in five central banks report having a suptech strategy
Enhancing efficiency is a key driver
Most financial institutions are yet to have a supervisory technology (suptech) strategy. Data from the Fintech Benchmarks 2023 reveals just two-fifths of institutions have such an agenda.
The results are similar to 2022, when fewer than half of respondents said they have a suptech strategy.
Most central banks with a suptech strategy identified efficient data reporting as a key element (87% of 15 institutions). Many (60%) said their strategy covers market surveillance, 53% include automated
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