Hi SupTech Community,
Welcome to the 48th 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 Andorran Financial Authority, Astana Financial Services Authority, Bank for International Settlements, Bank of Uganda, Deutsche Börse, European Central Bank, Financial Regulatory Commission of Mongolia, Hong Kong Monetary Authority, International Association of Insurance Supervisors, Monetary Authority of Singapore, Pakistan Stock Exchange, and others.
Suptech Innovations
Deutsche Börse enhances market surveillance with artificial intelligence (AI)-powered social media monitoring. Deutsche Börse has become the first major exchange to integrate social media intelligence into its trading surveillance operations, combining AI-driven analytics from Stockpulse with long-standing technology from Swedish vendor Scila. The move enables near real-time monitoring of global equities and cryptocurrencies, helping the surveillance team detect market manipulation by linking trading patterns with sentiment data, buzz metrics, and news feeds from over 70,000 assets. Read more here.
Central Banking & Technology
Bank of Uganda launches E-Supervision project to transform financial oversight. The suptech initiative will employ automation, data standardisation and advanced analytics to enable quick, preventive, and informed oversight, improving compliance and stability across Uganda’s financial system. Speaking at the launch in Kampala, Governor Dr. Michael Atingi-Ego emphasised that technology’s success depends on strong collaboration with all market participants. The launch brought together regulators, financial institutions, fintechs and development partners, demonstrating unified commitment to building a smarter regulatory ecosystem that promotes transparency and positions Uganda’s financial sector for the digital age. Read more here.
Pakistan Stock Exchange (PSX) and Securities and Exchange Commission of Pakistan (SECP) sign a memorandum of understanding (MoU) for integrated market surveillance. The PSX and SECP have signed an MoU in Karachi on 23 September 2025, establishing direct integration between the two bodies through PSX’s new market surveillance system. This access enables SECP to monitor capital market activity using the same advanced technology implemented by PSX, acquired from the Shenzhen Stock Exchange. The collaboration aims to enhance regulatory coordination, improve market oversight, and strengthen the overall structure of Pakistan’s capital market. Read more here.
Bank for International Settlements (BIS) working paper explores AI for monitoring financial market stress. The BIS has published research on a two-step AI approach combining recurrent neural networks and large language models (LLMs) to predict financial market stress – a historically elusive goal. The system forecasts deviations from triangular arbitrage parity in euro-yen currency markets 60 business days ahead, assigning time-varying weights to input variables that make decisions transparent and signal latent market changes. When forecasting higher dysfunction probability, these weights prompt the LLM to identify potential stress drivers, addressing typical neural network “black box” limitations. Read more here.
Regxelerator releases third quarter 2025 global financial regulatory highlights report. The publication provides a comprehensive 360° snapshot of key policy and supervisory developments across jurisdictions in the Q3 2025. Covering prudential policy, cyber and operational resilience, anti-money laundering, consumer protection, AI, digital assets, payments, climate and broader sustainability, and suptech, the report highlights emerging priorities through concrete, cross-border examples, offering valuable insights into the evolving financial regulatory landscape. Read more here.
Andorran Financial Authority (AFA) modernises supervision with Regnology’s cloud-native platform. AFA has adopted Regnology’s Supervisory Hub (RSH), hosted on Google Cloud’s Rcloud, to modernise its supervisory infrastructure and meet evolving cross-border regulatory demands. As Andorra aligns more closely with European Union frameworks, the cloud-native solution offers end-to-end automation – from data collection and validation to analytics and regulatory insights. The move marks a key step in the AFA’s digital transformation, reflecting a broader trend among regulators towards intelligent, resilient, and cost-effective supervisory technologies. Read more here.
The future of suptech: From compliance to infrastructure. In a recent reflection, FNA explores how the next decade will see supervisors evolve into real-time enablers of systemic resilience, driven by shared utilities, real-time digital twins, and the fusion of supervisory and payments data. This shift marks a move towards proactive, intelligence-led oversight, where collaborative platforms replace siloed systems, and simulation-driven policymaking becomes standard. As financial systems grow more complex, jurisdictions embracing this new suptech paradigm will be best positioned to lead in stability, trust, and innovation. Read more here.
Astana Financial Services Authority (AFSA) launches public consultation on updated regulatory fee framework. AFSA has opened a public consultation on proposed changes to its regulatory fee framework within the Astana International Financial Centre (AIFC). Aimed at ensuring the framework remains proportionate, transparent, and supportive of sustainable growth, the updates include revised fixed fees, new variable components, and measures to foster innovation in financial technologies and suptech. With over 4,400 participants from 85+ countries and USD 1.85 billion in supervised assets, AFSA’s expanded remit calls for fee structure recalibration. Feedback is invited by 2 November 2025. Read more here.
South Africa’s Financial Sector Conduct Authority (FSCA) consults on cross-sectoral OMNI-Risk Return for financial institutions. The FSCA has published FSCA Communication 19 of 2025, inviting stakeholder feedback on the draft OMNI-Risk Return, an integral part of its revised supervisory approach. Running from 1 October to 30 November 2025, the consultation seeks input on data availability, reporting capabilities, and readiness within financial institutions. The OMNI-Risk Return will feed into the FSCA’s new Integrated Regulatory Solution (IRS), supporting a risk-based supervisory model. Comments must be submitted via the customised Microsoft Forms template. Read more here.
Cambridge SupTech Lab partners with Regnology to develop Mongolia’s first suptech roadmap. As part of the Public-Private Secondments for SupTech Innovation initiative, the Cambridge SupTech Lab is collaborating with Regnology to support Mongolia’s Financial Regulatory Commission (FRC) in crafting a suptech roadmap to enhance supervisory efficiency and data-driven decision-making. Workshops led by Marek Wlodarczak from Regnology and Batchimeg Batbold from the FRC in Ulaanbaatar are helping to tailor the strategy to Mongolia’s regulatory context, demonstrating the impact of public-private collaboration on advancing digital financial supervision. Read more here.
Central Bank of Ireland opens applications for payments innovation sandbox. The initiative welcomes submissions from start-ups, established firms and partnerships developing technologies for safer, faster and more inclusive payment solutions. Announced at the 2025 Payments Seminar, the programme aims to foster public-private engagement towards achieving the National Payments Strategy and Eurosystem’s Retail Payment Strategy. The sandbox provides the Central Bank with early insight into emerging risks and supervisory questions during the ongoing transition in Ireland’s payments landscape.Read more here.
Monetary Authority of Singapore (MAS) and industry partners complete proof-of-concept (PoC) sandbox on quantum-safe communications. The MAS, together with DBS, HSBC, OCBC, UOB, SPTel, and SpeQtral, published the results of a PoC sandbox exploring the use of Quantum Key Distribution (QKD) for secure financial communications. Following a memorandum of understanding signed in August 2024, the trial marks a significant step in assessing the viability of quantum-safe technologies. It confirmed QKD’s potential for protecting sensitive data, while highlighting the need for stronger standards, interoperability, and senior management support for quantum-safe initiatives to bolster the sector’s cyber resilience. Read more here.
United Kingdom and United States launch joint taskforce to tackle crypto and capital markets innovation. The UK and US governments have established the Transatlantic Taskforce for Markets of the Future to strengthen cooperation on digital assets, capital markets, and other emerging financial innovations. Chaired by HM Treasury and the US Treasury, with input from both countries’ regulators and industry experts, the taskforce will explore short- and long-term opportunities for regulatory alignment and innovation, particularly in wholesale digital markets, and seek ways to ease cross-border capital raising for firms. A full report is expected within 180 days. Read more here.
Indonesia’s Financial Services Authority (OJK) embraces AI-powered suptech to strengthen supervision in emerging markets. OJK is advancing its AI-driven suptech strategy, aiming to enhance oversight across the financial sector, particularly in multifinance, where 70% of assets are tied to vehicle financing. Through its phased rollout of OSIDA, a data analytics platform launched in 2022, OJK has already applied suptech to banking and capital markets, and is now targeting non-bank lenders. As emerging markets grapple with rapid fintech growth, Indonesia’s experience offers a critical test case for how digital supervision can safeguard economic stability while expanding financial inclusion. Read more here.
European Central Bank (ECB) selects digital euro service providers. The ECB has announced the selection of service providers for five key components of the digital euro, following a competitive tender process. Framework agreements have been signed with firms including Feedzai, Giesecke+Devrient, Capgemini, equensWorldline, and others, covering areas such as fraud management, offline solutions, and app development. These agreements carry no immediate financial commitment and remain subject to the ECB Governing Council’s decision on the project’s next phase and the adoption of the digital euro regulation. Read more here.
Global regulators warn against misuse of regtech tools. Regulators in the European Union, United Kingdom, and Nigeria are warning that poorly implemented regtech solutions are weakening compliance and exposing firms to risk. The European Banking Authority, Financial Conduct Authority, and Central Bank of Nigeria have flagged issues including money laundering, client misclassification, and over-reliance on vendors. As scrutiny intensifies, firms are urged to ensure regtech tools are transparent, well-integrated, and built for genuine compliance, not just speed or convenience. Read more here.
Events
Global financial leaders to convene for Financial Inclusion Week (FIW) 2025. Registration is now open for Financial Inclusion Week 2025, a free virtual forum hosted by the Center for Financial Inclusion from 6–9 October. Now in its 11th year, FIW 2025 will bring together thousands of global leaders to explore the theme “Building Resilience & Well-being During Rising Uncertainties.” Highlights include 60 live sessions, 200+ speakers, and AI-powered translation in 60+ languages. The Cambridge SupTech Lab and Digital Transformation Solutions will showcase how financial supervisors are using suptech to close data gaps, enhance consumer protection, and expand access for underserved communities. Read more here.
Global Fintech Fest 2025 (GFF 2025) to spotlight augmented intelligence and financial Inclusion. The sixth edition of the GFF 2025 will take place in Mumbai from 7–9 October, bringing together participants from more than 100 countries. Under the theme “Empowering Finance for a Better World Powered by AI”, the event will explore how augmented intelligence is reshaping financial services through innovation, inclusion, and human–AI collaboration. With 800+ speakers and a packed agenda spanning fintech innovation, digital transformation, sustainable climate finance, and rural economic empowerment, GFF 2025 promises to be a global hub for policymakers, startups, investors, and technology leaders. Read more here.
Chartis RiskTech100 2026 to spotlight global leaders in risk technology. Taking place virtually from 21–23 October 2025, the Chartis RiskTech100 2026 event will bring together risk technology professionals from around the world to explore emerging innovations, strategies, and market trends. The highlight will be the unveiling of the RiskTech100 report, which ranks the top 100 global providers based on vision, influence, and technological innovation. Now in its second decade, RiskTech100 offers a broad perspective on excellence in the risk technology sector. Read more here.
International Association of Insurance Supervisors (IAIS) Opens registration for 2025 annual conference in Tirana, Albania. Set to take place on 13–14 November, this year’s IAIS Annual Conference will centre on the theme “Navigating uncertainty: Enhancing societal resilience amidst growing complexity.” The programme will address global collaboration in the face of climate risks and digital disruption, evolving dynamics in the life insurance sector, and the pivotal role of insurance in building societal resilience. Participants can expect high-level discussions, thematic deep dives, and insights into the IAIS’ priorities for 2026, with the Albanian Financial Supervisory Authority hosting the event. Read more here.
Hong Kong Monetary Authority (HKMA) and Hong Kong Science and Technology Parks Corporation (HKSTP) launch Interbank Account Data Sharing (IADS) developer hackathon. The hackathon is a multi-month initiative running from October 2025 to March 2026 aimed at fostering bank-fintech collaboration on the new IADS framework. The hackathon encourages the development of secure, customer-consented data sharing solutions across retail, corporate, and small and medium-sized enterprise (SME) banking. Finalists will present their innovations at the IADS Developer Conference in March 2026, with opportunities for further support and market exposure. Read more here.
Cambridge SupTech Lab in collaboration with Digital Transformation Solutions LLC launch State of SupTech Report 2024 in global webinar. Held virtually on 30th September, the event unpacked fresh data from 139 financial authorities across 100 countries, confirming that suptech is decisively moving from experimentation to institutionalisation. The report also highlights key challenges around procurement, data governance, and AI readiness, signalling suptech’s growing role as a core element of financial supervision worldwide. Read more here and watch recording here.
Denis Beau urges smarter suptech and simplification for more effective financial supervision. Speaking at the Supervision Innovators Conference in Frankfurt on 24 September 2025, Denis Beau, First Deputy Governor of the Bank of France, called for a more balanced approach to innovation in financial supervision. Emphasising that “innovation must serve simplification – and vice versa,” he cautioned against overreliance on technology without first streamlining existing supervisory processes. Drawing on the Bank of France’s experience with suptech tools like LUCIA and Veridic, Beau outlined lessons and future plans aimed at empowering regulators with AI, while warning of pitfalls such as complexity, poor tool design, and the growing need for digital skills and data governance. Read more here.
AI is reshaping financial markets and supervision. At the Technological Frontiers in Finance conference in Paris on 25 September, Swiss Financial Market Supervisory Authority (FINMA) Chair Marlene Amstad joined global regulators to discuss the growing impact of AI on financial markets and supervision. Speaking alongside leaders from the Securities and Exchange Board of India and the Monetary Authority of Singapore, Amstad shared insights on AI developments in Swiss markets, findings from the International Organization of Securities Commissions suptech survey, and FINMA’s own use of AI. The panel explored how AI could reshape regulatory practices and influence future financial stability. Read more here.
