Hi SupTech Community,
Welcome to the 40th 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, Bangko Sentral ng Pilipinas, Central Bank of Ireland, Conference of State Bank Supervisors, European Banking Authority, Financial Supervisory Service, Global Government Fintech, Global Government Forum, Hong Kong Monetary Authority, Qatar Financial Markets Authority, Reserve Bank of India, Toronto Centre, and others.
Save the Date: SupTech Week 2025 | 8-12 December
SupTech Week returns this 8-12 December, bringing together financial supervisors, industry leaders, and innovators worldwide. The Cambridge SupTech Lab will host it in collaboration with the World Economic Forum. It will take place in a hybrid format, featuring an in-person convening in New York, alongside virtual engagement opportunities. The theme in 2025 is Scaling Solutions for Greater Financial System Efficiency and Resilience, exploring the journey from early-stage projects to sustainable, scaled suptech solutions through engaging discussions, interactive workshops, and global showcases. The programme will highlight:
- Scaling Solutions: Across institutions, jurisdictions, and other govtech domains.
- Driving Impact: By extending digital transformation to underserved areas and supporting inclusive, accountable, and sustainable economies.
- Celebrating Innovation: Through prototypes, live deployments, and research breakthroughs shaping the future of supervision.
Access the event webpage to request an invitation, contribute to the agenda, and stay tuned for registration updates here.
Central Banking & Technology
United States (US) Conference of State Bank Supervisors (CSBS) launch suptech initiative. On 20 May 2025, the CSBS unveiled its groundbreaking Catalyst Initiative, aimed at transforming financial supervision through innovative technology. The programme seeks to partner with the private sector to reduce regulatory burdens, improve data reporting efficiency, and enhance financial oversight by exploring cutting-edge technological solutions for bank data management and mortgage compliance review. Read more here.
Fintech initiative Gprnt unveils world’s first nationwide utility for sustainability reporting in Singapore. The platform enables companies to generate sustainability metrics using government-sourced utilities data automatically. Launched by the Monetary Authority of Singapore as a digital platform of the Global Finance and Technology Network (GFTN), Gprnt is backed by USD 4.62 million in seed funding from Ant International and MUFG Bank. The platform allows businesses to retrieve consumption data through government systems and convert it into basic sustainability metrics at no cost. The innovation aims to simplify sustainability reporting for small and medium-sized enterprises, helping them access sustainable finance and green procurement opportunities while supporting Singapore’s green finance leadership ambitions. Read more here.
Philippines Central Bank delays new forex reporting system launch to June 2026. The Bangko Sentral ng Pilipinas (BSP) has postponed the full implementation of its International Transactions Reporting System (ITRS) by one year to 1 June 2026, extending the testing phase to allow banks and project teams adequate time to resolve technical issues. The modernised forex reporting system aims to streamline foreign exchange transaction data collection and enhance macroeconomic surveillance, with banks encouraged to continue configuring their internal systems during the extended trial period while maintaining current Form 1/1A reporting requirements until the new system becomes mandatory. Read more here.
Hong Kong Monetary Authority (HKMA) partners with university to advance cybersecurity innovation. The HKMA and the School of Business and Management of the Hong Kong University of Science and Technology (HKUST Business School) signed a memorandum of understanding on 29 May to collaborate on applied cybersecurity research for the financial sector. The partnership will explore innovative suptech and regtech solutions using large language models to enhance supervisory capabilities and cybersecurity resilience. The initiative aims to address evolving cyber threats through practical applications, fostering specialised talent and active engagement with financial institutions, contributing to Hong Kong’s financial stability and ecosystem security. Read more here.
South Korea launches integrated cyber threat monitoring system for financial sector. South Korea’s Financial Supervisory Service (FSS) and Financial Security Institute have signed a memorandum of understanding to establish a comprehensive cybersecurity response system to protect the nation’s financial sector from digital threats. The initiative will create an integrated cyber threat intelligence sharing platform by year-end, enabling real-time information exchange, joint incident response training, and systematic monitoring of vulnerabilities across financial IT infrastructure. FSS officials emphasise the need for swift cooperation to maintain financial system stability and public trust. Read more here.
Suptech vendors FNA and Proto partner to deliver end-to-end fraud recovery solutions for countries. The collaboration combines Proto’s multilingual AI assistants, which increased consumer interactions by 80% in Rwanda, with FNA’s national fraud portals that trace illicit funds in just 30 minutes. The partnership addresses critical timing in fraud recovery, where fund recovery chances drop significantly after 24 hours, by streamlining victim-authority connections regardless of language barriers. With global scams costing USD 1 trillion in 2023 and disproportionately affecting developing countries, the solution aims to build financial system resilience while providing practical tools for scam detection and money recovery. Read more here.
Central Bank of Ireland holds hackathon with university students on fighting financial crime. In a pioneering initiative, the Irish Central Bank collaborated with the University of Limerick to host a hackathon, challenging students to develop cutting-edge solutions for combatting financial crime. Leveraging NayaOne’s digital sandbox environment, postgraduate students from financial services, accounting, and risk and insurance programmes showcased innovative analytical and technological approaches to fraud detection, ESG (environmental, social and governance) rating systems, consumer risk profiling and predictive modelling in banking, highlighting the potential of academic-regulatory partnerships in combating financial challenges. Read more here.
Japan’s Financial Services Agency (FSA) taps AI to analyse bank disclosures and detect emerging risks. Japan’s FSA leveraged AI technology, including large language models, to systematically analyse text data from financial institutions’ disclosure reports and extract information on specific topics such as mortgage lending practices. The AI-driven approach aimed to identify characteristic trends across different business types, monitor temporal changes in disclosure content and improve supervisory efficiency by automatically detecting emerging risks and institutional patterns that might be overlooked in manual reviews. The authority will continue to work on utilising text data analysis for monitoring, while considering the risks unique to AI. Read more here.
Reserve Bank of India (RBI) outlines focus areas in annual report. In its 2024-25 annual report, the RBI highlighted its ongoing efforts to strengthen financial stability and leverage technology for effective supervision. The central bank focused on improving cyber security, detecting fraud more effectively, and protecting consumers. It revealed plans to establish the Reserve Bank – Climate Risk Information System (RB-CRIS), a data repository to enhance climate risk assessments. The RBI signalled its commitment to modernising financial oversight through advanced technological solutions, including potential AI integration in complaints management. Read more here.
Hong Kong consults on stablecoin rules following new legislation. The HKMA has published draft guidelines for stablecoin issuers and anti-money laundering procedures following the enactment of stablecoin legislation, with responses required by the end of June. Key provisions include allowing US dollar assets to back Hong Kong dollar stablecoins due to the currency peg, enhanced due diligence requirements for self-hosted wallets and transactions above USD 8,000, reserve requirements including government securities with up to one-year maturity, and minimum capital requirements of HKD 25 million for non-bank issuers, while prohibiting interest payments to stablecoin holders. Read more here.
Irish Central Bank unveils Innovation Hub strategy amid fintech transformation. The Central Bank of Ireland published its 2024 Innovation Hub update, highlighting the current trends driving innovation in the financial ecosystem including neobanks, AI, cryptoassets, quantum computing, distributed ledger technologies, and emerging digital finance models. Launching its first Innovation Sandbox Programme in December, the bank aims to foster innovation while managing associated risks, with a particular focus on combating financial crime through technological solutions. The Innovation Hub has facilitated 450+ engagements with the innovation ecosystem since 2018. Read more here.
AI agents to transform government: Berlin Global Government Technology Centre (GGTC) unveils blueprint for ‘Agentic State’. The GGTC has published a whitepaper outlining how AI agents will revolutionise public administration across ten functional layers, creating an “Agentic State” where AI systems deliver hyper-personalised services, eliminate bureaucracy, and enable real-time policy adaptation. The vision promises transformative changes including inclusive services at near-zero marginal cost, machine-speed crisis response, living laws that continuously adapt, privacy-safe insights, and procurement cycles reduced from months to days, fundamentally reshaping how governments operate and serve citizens. Read more here.
Dubai government launches Middle East’s first tokenised real estate investment pilot. Dubai Land Department has launched the Middle East and North Africa region’s first tokenised real estate investment project, working with private partners in collaboration with United Arab Emirates regulatory authorities. The blockchain-based pilot operates within a “real estate sandbox” environment, transforming property ownership deeds into digital tokens to enable fractional ownership and make buying and selling more efficient. The initiative uses the digital platform mint.prypco.com to reinforce Dubai’s leadership in the property sector through cutting-edge technology. Read more here.
Events
Toronto Centre launches international leadership programme for microfinance supervisors. This new online leadership programme will run from 16-20 June 2025, targeting senior and mid-level professionals from central banks, microfinance regulators and supervisors, and government agencies in developing countries. The five-day programme covers supervision best practices for microfinance institutions and village savings and loan groups, consumer protection measures, financial literacy, financial stability and inclusion, and emerging technology implications on microfinance. Read more and register here.
Alliance for Innovative Regulation (AIR) to host “Converge: Creating the future of financial regulation” event on 16 September 2025. This inaugural Converge gathering will bring innovators, policymakers and industry leaders in Washington, D.C., to address transformative changes in financial regulation amid evolving AI, tokenisation technologies, and shifting policies under the new administration. Rather than traditional formats, the interactive gathering features roundtables, design workshops, flash talks, and innovation labs targeting participants from banking, fintech, crypto, law enforcement and regulatory agencies. Read more here.
Digital currency revolution to take centre stage at CB+DC Conference in Nassau, 9-11 September 2025. The CB+DC Conference 2025 will convene global experts in Nassau, Bahamas, to explore the transformative landscape of digital currencies and payment systems. Coinciding with the Central Bank of The Bahamas’ 50th anniversary, the event will bring together central bank representatives, technologists, and policymakers to discuss the future of blockchain, Central Bank Digital Currencies (CBDCs), stablecoins, and tokenised assets, addressing critical challenges of security, regulation, and innovative financial solutions. Read more and register here.
Global Government Finance summit to take place in Dublin on June 11-12. Permanent Secretary-level civil servants from finance ministries across the globe will gather at the annual Global Government Finance Summit to engage in confidential and informal discussions about pressing domestic and international financial challenges. The high-level meeting provides a critical platform for exploring innovative solutions and sharing insights on complex regulatory and economic issues facing governments worldwide. Read more here.
AI’s promise and perils discussed at the Global Government Forum’s innovation conference. Government leaders discussed the opportunities and challenges of artificial intelligence at this 2025 summit, which took place on 24-25 March. They explored how AI could improve public services while addressing concerns about skills, ethics, data quality, and leadership. The talks highlighted the need for careful planning and leadership to make the most of new technology. Read more here.
Global financial regulators convene in Qatar for International Organisation of Securities Commissions’ (IOSCO’s) 50th annual meeting. Nearly 500 senior representatives from 130 jurisdictions gathered in Doha for the IOSCO 50th annual meeting, focusing on critical issues including retail investor protection and technological challenges. Hosted by the Qatar Financial Markets Authority, the event took place on 12-14 May. It featured workshops, roundtables and closed-door meetings on sustainability, crypto assets, and financial innovation, particularly on protecting investors and navigating the rapidly evolving global financial landscape. Looking ahead to 2026, the 51st annual meeting will be hosted by the Financial Regulatory Authority of Egypt. Read more here.
Global financial inclusion leaders convened in Johannesburg to advance consumer protection. The Responsible Finance Forum 2025 in South Africa brought together international financial inclusion experts to discuss innovative approaches to consumer protection and provide learning opportunities on the role of financial services for increased equality. During the panel “SupTech to Enhance Positive Consumer Outcomes: Examples and Insights”, Cambridge SupTech Lab’s senior specialist Juliet Ongwae, PhD, engaged in discussions exploring how suptech can help regulators monitor financial risks and customer experiences more effectively, emphasising the importance of foundational data strategies before implementing advanced technologies and AI. Read more here.
EBAday 2025 convenes banking leaders for payments innovation summit in Paris. This event brought together payments and transaction banking professionals for a comprehensive summit addressing instant payments implementation, financial crime prevention, and cross-border innovations. The event featured CEO roundtables, strategic sessions on fintech collaboration, and discussions on critical challenges, including the October SEPA Instant Credit Transfer deadline and AI integration. Key programme elements included specialised sessions on liquidity management, fraud detection, ISO 20022 migration, and dedicated fintech zones showcasing emerging payment technologies across the financial services ecosystem. Read more and register your interest for EBAday 2026 here.
