The Next Wave of Suptech Innovation : Suptech Solutions for Market Conduct Supervision

Around the world, financial sector supervisors are experiencing a profound shift to data-driven supervision enabled by the next wave of technology and data solutions. While technology and data are not new to financial oversight, their specific appl...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	FINANCIAL INCLUSION ACCOUNTABILITY MARKET SUPERVISION REGULATION COMPLAINTS FINANCIAL STATEMENTS CONSUMER PROTECTION SUPERVISORY TECHNOLOGY
Online Access:	http://documents.worldbank.org/curated/en/735871616428497205/The-Next-Wave-of-Suptech-Innovation-Suptech-Solutions-for-Market-Conduct-Supervision http://hdl.handle.net/10986/35322

id	okr-10986-35322
recordtype	oai_dc
spelling	okr-10986-353222021-04-23T14:02:20Z The Next Wave of Suptech Innovation : Suptech Solutions for Market Conduct Supervision World Bank FINANCIAL INCLUSION ACCOUNTABILITY MARKET SUPERVISION REGULATION COMPLAINTS FINANCIAL STATEMENTS CONSUMER PROTECTION SUPERVISORY TECHNOLOGY Around the world, financial sector supervisors are experiencing a profound shift to data-driven supervision enabled by the next wave of technology and data solutions. While technology and data are not new to financial oversight, their specific application to financial consumer protection and market conduct supervision has become more widespread and sophisticated in recent years. Expanding on the World Bank’s 2018 note on supervisory technology, or suptech, this technical note catalogues a range of specific solutions that financial authorities are deploying to help increase the efficiency and effectiveness of market conduct supervision. The note identifies four categories of suptech solutions (regulatory reporting, collection and processing of complaints data, non-traditional market monitoring, document and business analysis) and provides concrete examples of 18 different suptech solutions for market conduct supervision, drawing from the experiences of 14 financial sector authorities worldwide. The note also discusses implementation considerations and enablers of successful suptech adoption commonly experienced across countries. 2021-03-26T16:00:36Z 2021-03-26T16:00:36Z 2021-03-01 Report http://documents.worldbank.org/curated/en/735871616428497205/The-Next-Wave-of-Suptech-Innovation-Suptech-Solutions-for-Market-Conduct-Supervision http://hdl.handle.net/10986/35322 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Accountability Study
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	FINANCIAL INCLUSION ACCOUNTABILITY MARKET SUPERVISION REGULATION COMPLAINTS FINANCIAL STATEMENTS CONSUMER PROTECTION SUPERVISORY TECHNOLOGY
spellingShingle	FINANCIAL INCLUSION ACCOUNTABILITY MARKET SUPERVISION REGULATION COMPLAINTS FINANCIAL STATEMENTS CONSUMER PROTECTION SUPERVISORY TECHNOLOGY World Bank The Next Wave of Suptech Innovation : Suptech Solutions for Market Conduct Supervision
description	Around the world, financial sector supervisors are experiencing a profound shift to data-driven supervision enabled by the next wave of technology and data solutions. While technology and data are not new to financial oversight, their specific application to financial consumer protection and market conduct supervision has become more widespread and sophisticated in recent years. Expanding on the World Bank’s 2018 note on supervisory technology, or suptech, this technical note catalogues a range of specific solutions that financial authorities are deploying to help increase the efficiency and effectiveness of market conduct supervision. The note identifies four categories of suptech solutions (regulatory reporting, collection and processing of complaints data, non-traditional market monitoring, document and business analysis) and provides concrete examples of 18 different suptech solutions for market conduct supervision, drawing from the experiences of 14 financial sector authorities worldwide. The note also discusses implementation considerations and enablers of successful suptech adoption commonly experienced across countries.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	The Next Wave of Suptech Innovation : Suptech Solutions for Market Conduct Supervision
title_short	The Next Wave of Suptech Innovation : Suptech Solutions for Market Conduct Supervision
title_full	The Next Wave of Suptech Innovation : Suptech Solutions for Market Conduct Supervision
title_fullStr	The Next Wave of Suptech Innovation : Suptech Solutions for Market Conduct Supervision
title_full_unstemmed	The Next Wave of Suptech Innovation : Suptech Solutions for Market Conduct Supervision
title_sort	next wave of suptech innovation : suptech solutions for market conduct supervision
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/735871616428497205/The-Next-Wave-of-Suptech-Innovation-Suptech-Solutions-for-Market-Conduct-Supervision http://hdl.handle.net/10986/35322
_version_	1764482792259846144

The Next Wave of Suptech Innovation : Suptech Solutions for Market Conduct Supervision

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