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Application Foundry

We partner with financial authorities and technology vendors to co-create and deploy cutting-edge, scalable suptech applications. Our team will help detail the technical specifications, de-risk procurement for all parties, and provide project management support and hands-on technical assistance including security testing. The SupTech Foundry largely builds on the experience of the  RegTech for Regulators Accelerator (R2A), which has successfully developed ground-breaking solutions introducing an agile approach to the collaboration between financial authorities and  technologists.

The most transformative proofs of concept developed by the Innovation Leaders through the  Innovation Leadership Programme are selected for agile prototyping and deployment. The process will involve global competitions to crowdsource ideas from technologists and identify the best  implementation partners among both other financial authorities and vendors.

Resourcing

Vendor selection and procurement
  • Choose vendor selection model that best fits project’s need
  • Vendor selection through global competition
  • Vendor due diligence and contracting

    Prototyping

    Iterative testing & development
    • Use the “lean” approach to accelerate testing and development
    • Apply “rapid learnings” from each iteration to progressively refine the project
    • Frequent iterations with checks-in with supervisory agency and course corrections

      Production

      Deploying the application
      • Prototype tested
      • Capacity building for supervisory agency to maintain the application (if required)
      • Implementation of change management plan
        SupTech Lab GitHub

        Examples of applications developed

        Chatbot and processing utility for customer complaints

        Philippines

        • Developed by: R²A and proto.cx for the Central Bank of the Philippines (BSP)

        Data infrastructure for AML Supervision

        Application programming interface (API) and back office reporting and visualization application

          Philippines

        • Developed by: R²A and CRT with the Central Bank of the Philippines (BSP)

        Chatbot and processing utility for customer complaints
        Philippines
        Developed by: R2A and proto.cx for the Central Bank of the Philippines (BSP)
        Data infrastructure for AML Supervision
        Mexico
        Developed by: R2A and Gestell with the CNBV
        Chatbot and processing utility for customer complaints
        Philippines
        Developed by: R2A and proto.cx for the Central Bank of the Philippines (BSP)