The RegTech for Regulators Accelerator (R²A) Process: Giving Financial Authorities Superpowers

32 Pages Posted: 9 Oct 2018 Last revised: 17 Oct 2018

See all articles by Simone di Castri

Simone di Castri

Cambridge SupTech Lab - University of Cambridge; University of Cambridge - Cambridge Centre for Alternative Finance

Matt Grasser

Cambridge SupTech Lab - University of Cambridge; BFA; University of Cambridge - Cambridge Centre for Alternative Finance

Arend Kulenkampff

Independent

Date Written: August 31, 2018

Abstract

The purpose of this working paper is to share the RegTech for Regulators Accelerator's (R2A) approach, process, and tools with financial authorities and other experts who aim to develop and test new RegTech and SupTech solutions for market oversight and policy analysis. The R²A approach draws on best practices from management and entrepreneurial consulting as well as from lessons learned by BFA during past engagements with both the public sector and the Fintech community. The R²A process employs lean design and innovative procurement methods to develop cutting-edge prototypes aimed at relieving specific pain points in financial regulation and supervision. That entails crafting new solutions around the idiosyncratic needs and circumstances of partner financial authorities, which can then be adapted to other jurisdictions in order to reach scale and create an off-the-shelf product.

Keywords: regtech, suptech, regtech2, regulatory technology, supervisory technology, supervision, procurement, central bank, innovation, artificial intelligence, machine learning, APIs, lean design, management, competition

JEL Classification: M13, G18

Suggested Citation

di Castri, Simone and Grasser, Matt and Kulenkampff, Arend, The RegTech for Regulators Accelerator (R²A) Process: Giving Financial Authorities Superpowers (August 31, 2018). Available at SSRN: https://ssrn.com/abstract=3250848 or http://dx.doi.org/10.2139/ssrn.3250848

Simone Di Castri (Contact Author)

Cambridge SupTech Lab - University of Cambridge ( email )

NY
United Kingdom

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

Matt Grasser

Cambridge SupTech Lab - University of Cambridge ( email )

NYC
United Kingdom

HOME PAGE: http://cambridgesuptechlab.org

BFA ( email )

259 Elm Street, Suite 200
Somerville, MA 02144
United States

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

Arend Kulenkampff

Independent ( email )

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