Hi SupTech Community,
Welcome to the 32nd issue of the Cambridge SupTech Lab bi-weekly LinkedIn newsletter, a source for updates on recent innovations, breakthroughs, opportunities, upcoming events in the suptech field, and news from the Cambridge SupTech Lab team.
If you would like to flag any items for inclusion in the next newsletter, please email us at cambridgesuptechlab@jbs.cam.ac.uk. Occasionally, we email our global community of supervisors, data scientists, vendors, and suptech experts to share event invites, news, or new courses—subscribe here.
This edition includes news from the Alliance for Innovative Regulation, Asian Development Bank, Bank for International Settlements, Central Bank of the UAE, Financial Stability Board, Financial Conduct Authority, Global Government Fintech, International Association of Insurance Supervisors , Proto, Regnology, Regxelerator, SQL Power Group, and others.
Suptech Innovations
SQL Power launches instant banking supervision solution. Vendor SQL Power has introduced its instant banking supervision solution, designed to transform how central banks conduct risk-based oversight. This end-to-end platform offers a comprehensive suite of pre-built supervisory tools, including license applications, data collection forms, Know Your Customer (KYC) dashboards, and advanced analytics. Tested at the Bank of Namibia, the solution delivers real-time insights, early warning alerts, and scalable deployment within 90 days. Read more here.
Central Banking & Technology
Securities and Exchange Board of India (SEBI) introduces technology-driven audit supervision for stockbrokers. Sebi has mandated stock exchanges to implement technology-based systems for monitoring and supervising stockbrokers’ audit lifecycles, set to begin in FY 2025-26. This initiative will include secure web portals, geo-location tracking for physical audits, and OTP access for auditors, enhancing oversight and transparency. The move aims to strengthen the audit process and improve risk mitigation across India’s stock market. Read more here.
Regnology enhances suptech capabilities with acquisition of BR-AG. Suptech vendor, Regnology, recently announced the acquisition of BR-AG P.S.A., a Polish firm specialising in regtech and suptech solutions. This move strengthens Regnology’s Regulatory Supervision Hub (RSH) offerings and expands its global presence. BR-AG’s ATOME suite, known for its taxonomy management and regulatory reporting tools, enriches Regnology’s RSH capabilities from semantic data modelling to data collection and AI-driven real-time data analysis. Read more here.
Vendor Regxelerator launches generative artificial intelligence (AI) use case library for suptech innovation. Regxelerator is unveiling a new library of generative AI use cases to transform supervisory and regulatory tasks within financial sectors. Over 50 weeks, the initiative will release weekly examples showcasing how generative AI can be applied to suptech, starting with a focus on financial consumer complaints classification using large language models. These use cases will provide practical, step-by-step guidance to help authorities implement AI in regulatory frameworks. Read more here.
United Arab Emirates’ (UAE) Financial Infrastructure Transformation (FIT) programme 85% complete, targets full integration by 2026. The Central Bank of the UAE (CBUAE) has announced that FIT is now 85% complete, marking significant progress in the country’s push for a digital transformation of financial services. Launched in 2023, the programme includes nine initiatives aimed at driving financial inclusion, payment innovation, and a cashless society. Notable milestones in the past year include the introduction of open finance regulations, the approval of a new stablecoin licensing system, the launch of a domestic card scheme, and the first cross-border payment for the CBUAE’s central bank digital currency (CBDC) – the digital dirham – with China via blockchain-based ledger ‘mBridge’. The FIT programme is aligned with the UAE’s broader digital economy strategy and its ‘We the UAE 2031’ vision, with full integration expected by 2026. Read more here.
Financial regulation poised for tech revolution in 2025, says Jo Ann, CEO and Co-founder of the Alliance for Innovative Regulation (AIR). In a recent Barefoot Innovation Podcast episode, Jo Ann discusses the potential for transformative change in financial regulation during 2025. She draws parallels with historical periods of rapid transformation, identifying six converging factors including pandemic-driven digitalisation, increasing regulatory tech adoption, growing appetite for better regulatory outcomes, generational change, the rise of generative AI, and the incoming Trump administration, that could catalyse the emergence of “Regulation 2.0” – a technology-enabled paradigm shift in how financial markets are regulated and supervised. Read more here.
The European Bank for Reconstruction and Development (EBRD) partners with Romania’s Financial Supervisory Authority (ASF) to strengthen supervisory technology solutions. The EBRD is collaborating with Romania’s ASF to assess the agency’s need for advanced supervisory technology solutions. The mission aims to diagnose current IT tools and recommend improvements for better insurance supervision. This initiative is part of ASF’s broader digital transformation project, which seeks to modernise its operations and enhance its ability to respond to evolving financial market challenges. Read more here.
Proto to deliver AI consumer protection across 30+ Philippine agencies. Suptech vendor, Proto, is set to expand its AI-powered citizen engagement system in the Philippines, automating consumer complaint resolution for over 30 government agencies under the new Internet Transactions Act. Building on its success with the Central Bank of the Philippines and the nation’s securities exchange, the system will streamline consumer protection across sectors including energy, health, and financial services. As part of this project, the Cambridge SupTech Lab will run design workshops required for integrating software systems across the government agencies. This marks the first whole-of-government AI-driven consumer protection initiative globally, enhancing efficiency and accessibility for Filipino citizens. Read more here.
Bank for International Settlements (BIS) report outlines governance framework for AI in central banks. A new BIS report offers a governance and risk management framework for AI adoption in central banks, highlighting opportunities in areas like data analysis and payments, alongside risks such as data security and model errors. It recommends ten key actions for ensuring secure AI integration and emphasises an adaptive approach. The report is a collaborative effort from BIS member central banks in the Americas. Read more here.
Study analyses growth and trends in regulatory and supervisory technology research. A recent bibliometric analysis of suptech and regtech highlights the rapid growth in research over the past decade. Key themes like compliance, regulation, and finance dominate, with notable contributions from authors such as Douglas W. Arner and Simone Di Castri, co-founder of the Cambridge SupTech Lab. The study reveals emerging trends in automation and suggests future areas for exploration, including wealth tech, insurtech, and blockchain, offering a roadmap for ongoing research in this evolving field. Read more here.
The International Association of Insurance Supervisors (IAIS) unveils 2025-2026 roadmap with focus on effective implementation of standards, risk assessment and member support. The IAIS has published its roadmap outlining key priorities and deliverables under its new strategic plan. Following the adoption of the Insurance Capital Standard (ICS) in 2024, the IAIS will shift its focus to supporting the global implementation of its standards, with an emphasis on developing an assessment methodology for the ICS. The roadmap also highlights ongoing efforts to address emerging risks such as structural shifts in the life insurance sector, the impact of climate change, digital innovation, and the protection gaps in natural catastrophe coverage. With regards to digital innovation, the IAIS will focus on facilitating understanding of emerging risks resulting from the use of AI in the global insurance sector, the role AI plays in supporting insurers in their risk management and effective use of suptech. Read more here.
Financial Stability Institute (FSI) 2024 review. The FSI continued to fulfil its core mandate of assisting supervisors around the world in improving their financial systems. In 2024, the FSI reinforced its mission to enhance global financial systems through policy development, outreach, capacity-building, and special projects, including innovations in suptech. It published 14 papers on issues like AI, stablecoins, and climate risks, while hosting 34 events, including a major conference on bank resolution. The FSI celebrated the 20th anniversary of its FSI Connect platform, expanded its special projects, and supported initiatives such as the Unidroit Bank Liquidation Guide. Additionally, the FSI advanced suptech through its Informal Suptech Network, which hosted webinars on innovative supervisory technologies. Read more here.
Events
4th Irving Fisher Committee on Central Bank Statistics (IFC) workshop on data science in central banking to explore generative AI applications. The IFC will host its 4th workshop from February 18-20, 2025, in partnership with the Bank of Italy. The event will focus on the applications of generative AI in central banking, bringing together experts from central banks, international organisations, and national statistical offices. Discussions will center on current AI projects, the use of open-source software for official statistics, and critical issues such as data privacy, security, and advanced analytics. Participants will have the chance to share insights and collaborate on strengthening internal data science capabilities. Read more here.
TechSprint to address regulatory challenges in bank-fintech partnerships. AIR is hosting the “Bank + Fintech Arrangements Techsprint” from February 24-27, 2025, in Washington, D.C., to explore regulatory issues in the evolving business models of community banks. The event will bring together regulators, banks, fintech firms, and other stakeholders to collaborate on technology solutions and innovative policy frameworks to foster successful third-party partnerships while managing consumer risk. The TechSprint will focus on key challenges such as regulatory data, technology integration, due diligence processes, and adapting regulatory frameworks to keep pace with new financial services models. Read more here.
Global Government Fintech Lab 2025 to take place in Dublin on June 11. Organised in partnership with the European Union member state’s Department of Finance, this event will bring together public sector officials and technology providers from around the world to explore how fintech can transform government operations and services. This fourth annual event, free for public sector attendees, will feature keynote speeches, panel discussions, and networking opportunities focused on topics like government-fintech collaboration, digital ID schemes, and the role of financial regulators in tech innovation. Read more here.
The Financial Conduct Authority’s (FCA’s) AI Lab fosters collaboration and innovation in the United Kingdom (UK) financial sector by providing a comprehensive platform for AI insights, discussions, and hands-on experimentation. The AI Lab, a key part of the FCA’s innovation services, offers a dedicated space for firms, regulators, and stakeholders to explore AI’s potential and address its risks in UK financial markets. Through initiatives like the AI spotlight (28 January 2025), AI sprint (29-30 January 2025), and supercharged Sandbox, the lab encourages practical experimentation, collaboration, and real-world case studies. These efforts allow innovators to showcase AI solutions, collaborate with experts, and test models in a regulated environment. This approach helps the FCA shape its regulatory framework, ensuring the safe use of AI to drive growth, competitiveness, and consumer protection in the sector. Read more here.
FCA’s AI sprint charts financial services’ AI future. The FCA’s recent two-day AI sprint (January 29-30) united industry experts, academics, regulators, technologists, and consumer advocates to examine AI’s five-year trajectory in financial services. Discussions focused on key conditions for innovation, ‘known unknowns’ and ‘unknown unknowns’, and practical considerations for AI-driven solutions. Participants tested hypotheses, shaped actionable recommendations, and showcased responsible AI strategies for robust processes and good consumer outcomes. An inspiring showcase session capped the event, reflecting a collaborative regulator approach and leaving participants empowered to shape the future of financial services. Read more here.
The United Nations Educational, Scientific and Cultural Organization (UNESCO) is hosting the Ministerial Side Event “Preparing AI for the World. Preparing the World for AI,” organised in the framework of the AI Action Summit. Scheduled for February 11, 2025, the event will bring together high-level authorities from more than 15 countries and key stakeholders globally to explore how UNESCO’s work is shaping global AI governance and policy readiness. The event, aligned with the AI Action Summit organised by the government of France, aims to provide a platform to strengthening partnerships and stakeholder engagement in an increasingly dynamic AI policy landscape, fostering international collaboration for inclusive and responsible AI governance. Read more here.
Indonesia-Japan policy research forum: Exploring AI potential in achieving sustainable development in Asia and the Pacific. On February 18, 2025, this Forum will gather international policymakers, academics, and industry leaders to explore the potential of AI in advancing sustainable development across Asia and the Pacific. The event will focus on AI’s challenges and opportunities in sectors such as health, education, environmental protection and the green transition, and agriculture. Participants will exchange best practices and policy approaches to ensure responsible AI governance, while working towards the United Nation’s (UN’s) Sustainable Development Goals (SDGs). The forum aims to foster international collaboration and develop actionable recommendations for integrating AI into regional development strategies. Read more here.
