Hi SupTech Community,
Welcome to the 42nd 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 Association of Supervisors of Banks of the Americas, Central Bank of Malaysia, European Insurance and Occupational Pensions Authority, Financial Action Task Force, Insurance Supervision Institute of Mozambique, National Bank of Belgium, Regxplora, Reserve Bank of India, Superintendency of Banks of the Dominican Republic, United Nations Educational, Scientific and Cultural Organization, and others.
Suptech Innovations
The Insurance Supervision Institute of Mozambique (ISSM) launches upgraded banking supervision platform with online licensing and AI-driven analytics. Building on the original Bank Supervision Application platform launched on 28 September 2023, the enhanced version adapts banking supervision software for the insurance and pensions sector with support from Banco de Moçambique. Key innovations in the upgraded platform include online licensing and complaints portals, plus automated insurance policy authenticity confirmation, expanding beyond the original version’s supervision and statistics functions. The modernised system enables more efficient consumer relations management, eliminating time-consuming manual processes to create faster, more transparent procedures for insurance supervision. Read more here.
Central Banking & Technology
Reserve Bank of India’s (RBI’s) anti-fraud data platform could become operational within months. The RBI Innovation Hub is developing a digital public infrastructure for prevention of fraud (DPIP) prototype in consultation with major public and private sector banks, with the platform expected to become operational within the next few months. The initiative follows a significant surge in bank frauds, with amounts involved rising nearly threefold to Rs 36,014 crore (USD 4.2 billion) compared to the previous year, predominantly occurring in digital payments and loan portfolios. Once live, the DPIP will collect and analyse data from various sources to enable real-time information sharing among financial institutions, helping detect and prevent fraudulent activities while ensuring safer digital transactions through advanced anti-fraud technologies. Read more here.
The Alan Turing Institute updates progress on anti-money laundering (AML) and synthetic data project. The collaborative initiative with the Financial Conduct Authority (FCA), Plenitude Consulting, and Napier AI uses generative adversarial networks to create synthetic datasets based on real United Kingdom retail banking data while preserving privacy through differential privacy techniques. The project addresses regulatory constraints that limit the use of real customer data for AML system testing, with plans to make the synthetic dataset available through the FCA’s digital sandbox later this year for demonstrating new financial crime detection technologies. Read more here.
European University Institute publishes digital finance e-book examining AI revolution. The comprehensive e-book examines technological and regulatory developments in European financial services, covering digital finance trends and AI’s impact on the sector including applications in credit risk management while addressing associated risks like AI-driven market volatility, ethical implications, and cybersecurity threats. The work includes contributions from Samir Kiuhan-Vásquez, from theCambridge SupTech Lab, who explores how EU supervisory authorities are adopting AI for financial oversight through predictive analytics, generative AI pilots, and regulatory reporting automation. Read more here.
Global quarterly financial regulatory highlights report releases second edition covering Q2 financial regulatory and suptech developments. The comprehensive 25+ page report, powered by Regxplora intelligence platform, provides a synthesis of major policy priorities and supervisory attention points across multiple thematic areas. Coverage spans financial stability and prudential risk, cyber resilience, AML/CFT, consumer protection, AI, digital assets, payments, and climate risk management. This edition introduces a new deep dive on suptech initiatives, including early insights on generative AI adoption by regulatory authorities, offering a 360-degree snapshot of global financial regulatory developments. Read more here.
The Superintendency of Banks of the Dominican Republic’s blog highlights suptech’s role in transforming financial supervision. The blog outlines the institution’s implementation of technological solutions, including dashboards, predictive analytics, and risk monitoring, to strengthen supervisory processes at operational and strategic levels. With global supervisory authorities reporting active suptech initiatives based on the Financial Stability Institute (FSI) and the BIS Innovation Hub 2023 survey, and the Cambridge SupTech Lab’s State of SupTech reports, the Dominican Republic’s approach demonstrates technology’s capacity to enhance oversight efficiency and accuracy while acknowledging continued development opportunities in strategic, risk-based supervision. Read more here.
European Insurance and Occupational Pensions Authority (EIOPA) insurtech expert outlines strategic approach to successful suptech project implementation. In this video, Arianna Brina from EIOPA presents a comprehensive framework for effective suptech implementation. The process begins with a bottom-up assessment of supervisory needs, followed by prioritising use cases based on resource constraints and potential value, and selecting appropriate technology that serves business objectives. Brina emphasises designing clear data journeys and advocates for small-scale pilot projects to test feasibility and refine implementation before full deployment. Watch video here.
Central Bank of Samoa (CBS) initiates comprehensive suptech platform plans. The CBS has initiated plans for a comprehensive suptech platform to improve regulatory reporting, data management, and institutional coordination, supported by World Bank funding through the Samoa Finance Sector Resilience and Development Project. The initiative will develop a modern platform featuring advanced data architecture, validation capabilities, and analytics to enhance information flow between CBS and regulated financial institutions. The platform will encompass licensing, prudential supervision, and AML functions while incorporating climate-related data infrastructure to enhance risk assessment. On 21st June 2025, the CBS published a call for expression of interest on financial sector climate risk data gap analysis, capacity building and task force creation. Read more here.
Securities and Exchange Board of India (SEBI) proposes framework for responsible use of AI/ML in securities markets. SEBI published a consultation paper on 20 June 2025 outlining guidelines for responsible AI and ML usage across five core principles: model governance, investor protection through disclosure requirements, testing frameworks, fairness and bias considerations, and data privacy with cybersecurity measures. The regulator has invited stakeholder comments on the proposed tiered approach and guiding principles, with submissions due by 11 July 2025 to shape the final framework governing AI implementation in Indian securities markets. Read more here.
Suptech revolution transforms financial sector supervision through advanced technology – International Banker blog. Regulatory bodies are deploying AI, ML, and blockchain to enhance oversight efficiency and detect risky banking behaviour in real-time. A study using data from the Central Bank of Brazil showed that suptech-triggered scrutiny led to 20% increased loan loss provisions and improved risk reporting compliance. Given its benefits, many of the world’s leading financial supervisory entities have or are seeking to integrate suptech solutions into their operations. The European Central Bank, for instance, has implemented Athena for document analysis and Heimdall for automated assessments as part of its strategic technology integration through 2028. Read more here.
Bank for International Settlements (BIS) outlines next-generation tokenised monetary system based on unified ledger. The BIS has detailed its blueprint for a tokenised monetary and financial system incorporating the “trilogy” of central bank reserves, commercial bank deposits, and government bonds on a unified ledger platform. The proposal, outlined in the BIS Annual Economic Report 2025, aims to enhance efficiency in cross-border payments and securities markets by maintaining sound money principles of singleness, elasticity, and integrity through trust in central bank money. The BIS noted that stablecoins fall short of delivering these core monetary principles, with the vision being advanced through Project Agorá, a collaboration involving seven central banks and 43 private sector institutions. Read more here.
The Financial Action Task Force (FATF) calls for stronger global action on virtual asset supervision and compliance. FATF published its sixth update on AML measures for virtual assets, highlighting the urgent need for stronger global action against illicit finance risks. The report reveals concerning trends, including North Korea’s $1.46 billion theft from ByBit (only 3.8% recovered), approximately $51 billion in fraud-related illicit activity in 2024, and increased criminal use of stablecoins. Despite 99 jurisdictions implementing the Travel Rule for payment transparency, FATF emphasises continued challenges with licensing and offshore provider identification, noting that regulatory failures can have global consequences given virtual assets’ borderless nature. Read more here.
Hong Kong Customs partners with University of Hong Kong to develop cryptocurrency tracing tool. The initiative responds to rising virtual asset-related money laundering, with seven suspected cases totalling over HKD 9 billion detected since 2021 out of 39 reported money laundering incidents. Officials noted that virtual asset crimes are increasing, with funds typically moved under the pretence of legitimate trading activity, including a recent case involving HKD 1.8 billion across more than 1,000 suspicious transactions. The tool aims to meet court evidence requirements while the partnership also includes training programmes for local and international law enforcement officers, building on the university’s existing forensic technology used to monitor illegal content streaming. Read more here.
Events
FINA LLC announces SupTech Summit 2025 focusing on AI and regulatory innovation. FINA will host the SupTech Summit 2025 from 21-24 October, bringing together regulators, industry pioneers, and technology leaders to explore cutting-edge solutions in financial supervision and regulatory technology. The annual flagship event will focus on key topics including innovations in suptech solutions transforming financial regulation, Microsoft Power BI and Microsoft Fabrics applications, and AI’s impact on financial supervision, covering automated compliance processes, fraud detection, and AI-driven risk management. The summit aims to provide insights into emerging trends and transformative ideas in both suptech and regtech sectors. Read more and register here.
GRC & Financial Crime Prevention Awards opens 2025 voting platform for Africa and Europe. The prestigious annual initiative has launched its voting system to recognise outstanding contributions to governance, risk management, compliance, and financial crime prevention across both regions. The awards honour individuals, institutions, and corporate entities demonstrating exceptional leadership and innovation in areas including fraud prevention, cybersecurity, AML, and regulatory compliance. Voting remains open until 7 September 2025, with separate platforms available for the Africa and Europe editions to celebrate global excellence in risk governance and corporate accountability. Read more here.
Centre for Latin American Monetary Studies (CEMLA) and FNA complete joint suptech and regtech training course for central bankers. The five-day programme, held on 24-26 June 2025, introduced central bankers to new applications on innovative technologies including AI, machine learning, cloud, network analytics, big data and distributed ledger technologies through interactive presentations and hands-on workshops. Sessions covered technological foundations, granular data applications, central bank digital currency implications, open data, and anti-money laundering frameworks, with contributions from the R&I team at the Cambridge SupTech Lab, examining recent developments, strategies, and challenges of suptech. Read more here.
The European Insurance and Occupational Pensions Authority (EIOPA) concludes Digital Finance Week with focus on suptech and data usage in Insurance. The 16-20 June 2025 event in Frankfurt brought together national competent authorities and EIOPA to examine how digital changes are reshaping regulation and supervision in insurance and pensions. Central discussions focused on AI-based systems and the need for supervisors to master AI responsibly while utilising its full potential in supervisory practices. The forum emphasised that suptech represents more than efficiency gains, requiring a complete rethinking of supervisory approaches to build frameworks where technology and regulation collaborate to ensure fairness, stability, and resilience in the digital age. Read more here.
Latin American capital market supervision workshop examines technological innovation and internal digital transformation. The 9-13 June 2025 workshop in Montevideo, Uruguay, brought together representatives from twelve regulatory agencies across Latin America and Spain to discuss technological innovation in supervisory processes. Focusing on AI initiatives and digital transformation applications, the event facilitated experience exchange between regulators on suptech implementation, with the Securities and Exchange Commission of Brazil presenting sessions on financial innovation regulation, and practical suptech and AI applications. Read more here.
National Bank of Belgium (NBB) hosts Innovation and SupTech Conference examining AI’s role in financial supervision. The 24 June 2025 event brought together stakeholders from regulatory authorities, financial institutions, and academia to exchange ideas on technological transformation in the sector. The conference featured presentations on ongoing suptech initiatives at the NBB, academic perspectives on suptech’s impact on supervised institutions, and panel discussions on AI integration benefits and challenges. Key highlights included demonstrations of the NBB’s “Prudential chatbot” for regulatory navigation, insights on transitioning from experimental to active suptech use, and emphasis on collaboration and knowledge sharing within the suptech ecosystem. Read more here.
Risk Management Club of Dominican Republic hosts webinar on suptech for early risk detection. The 24 June 2025 event attracted over 150 financial sector professionals who explored innovative approaches to early risk detection through alert generation using suptech. The session featured research findings on machine learning and sentiment analysis applied to business data for identifying company behaviour anomalies and monitoring systemic risks, representing an evolution in financial supervision towards proactive technological integration. The initiative aligned with the Risk Management Club’s mission to promote robust risk culture and advance knowledge of emerging technologies in regulatory and financial sectors. Read more here.
The Association of Supervisors of Banks of the Americas (ASBA) and Microsoft host webinar on emerging technologies in banking supervision. The 18 June 2025 session explored how blockchain, cloud computing, and advanced data analytics are transforming banking supervision, bringing together over 80 participants from 15 member institutions. The webinar addressed regulatory efficiency, financial stability, and tech-related risks while focusing on strategies for integrating innovative technologies into supervisory frameworks. Participants examined approaches to enhance regulatory compliance and safeguard financial system stability through emerging technological solutions. Read more here.
United Nations Educational, Scientific and Cultural Organization’s (UNESCO’s) third global forum on AI ethics in Bangkok emphasises implementation and international cooperation. The 24-27 June 2025 Thailand event assessed progress since UNESCO’s 2021 AI ethics recommendation, highlighting substantial global momentum in implementing ethical frameworks into policy. The forum welcomed the launch of new international cooperation platforms including the Global Network of Supervisory Authorities on AI, the Global Network of Civil Society Organizations and Academia for Ethics of AI, while emphasising that translating ethical principles into meaningful practice remains critical for responsible AI governance. Read more here.
Bank Negara Malaysia (BNM) launches digital asset innovation hub to explore stablecoins and programmable payments. The initiative was officially opened during the Sasana Symposium 2025 on 17-18 June, with the Prime Minister presiding over the ceremony at Sasana Kijang. The hub aims to stimulate financial innovation in a controlled environment, focusing on programmable money and ringgit-backed stablecoins, alongside use cases involving supply chain financing. The initiative forms part of BNM’s broader structural reform agenda to build a more resilient Malaysia, allowing applicants to test new financial solutions while providing input to refine regulatory and security frameworks for digital assets and financial technology development. Read more here.
