State of SupTech Report 2022

Abstract

Authored by the University of Cambridge SupTech Lab, the State of SupTech Report 2022 presents insights on the current state of the digital transformation of financial supervision based on engagement with 146 supervisory agencies globally, including: i) Suptech demand from financial authorities, ii) Suptech supply by technology vendors, iii) Challenges to uptake of suptech solutions, iv) Opportunities and challenges unique to specific jurisdictional income levels and agency types. The report provides a global snapshot across several facets of suptech, including underpinning digital infrastructure and technologies, supported supervisory use cases, approaches employed for developing and deploying suptech applications, and the related challenges and risks. The Report also presents a set of novel frameworks to serve as a contextual framing for the insights, such as: i) The SupTech Taxonomy, ii) SupTech Generations 2.0, iii) The suptech landscape, 1987-present, iv) Case studies from across the supervisory stack.

Keywords: SupTech, Supervisory Technologies, Central Banking, Financial Supervision, Financial Regulation, Financial Services, Fintech, Digital Transformation, Securities, Digital Assets, Prudential Supervision, Fintech, Regtech, Compliance, AML, Machine Learning, Big Data

JEL Classification: D23, G38, K22, L22, M15, O16