Reserve Bank of India adopts new technologies for banking supervision

RBI calls on banking supervisors to get familiar with new supervisory tools

According to a recent article published by Business Standard, the Reserve Bank (RBI) has called on banking supervisors to familiarize themselves with the latest technological tools in order to enhance their capabilities and effectively address the challenges posed by fast-evolving financial technologies. RBI Deputy Governor Mukesh Jain emphasized the need for supervisors to acquire the...

Global Study Reveals Impact of COVID-19 on FinTech Regulatory Innovation

The World Bank and the Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School, University of Cambridge, have jointly published the results of their Global COVID-19 FinTech Regulatory Rapid Assessment Study, which reveals that the priority of FinTech regulation and the pace of regulatory innovation have increased amid the global pandemic. This research...

SQL Power’s Supervisory Platform continues to revolutionize the financial regulation industry

TORONTO, Oct. 6, 2020 /CNW/ - SQL Power, the global leader in financial regulatory and advanced analytics technology is proud to announce the implementation of their supervisory platform, the SQL Power Suite, on September 22, 2020 at the Trinidad and Tobago Securities and Exchange Commission (TTSEC). According to the TTSEC, the Electronically Advanced Submission interface or EASi platform...

FinTech, RegTech, and SupTech: A New Paradigm, Simultaneously Promoting Financial Service Innovation While Enhancing Supervisory Effectiveness

First some definitions: FinTech is the application of digital technology like software and hardware to improve the efficiency, effectiveness, and scope of financial services. These solutions can be applied to traditional financial services and create opportunities for new services and business models for Financial Institutions. SupTech is the application of digital technology like software and hardware to improve the efficiency,...

Is Artificial Intelligence and Machine Learning the Future of Financial Regulation?

Technological advancements are inevitable. From the first stone tool, the discovery of the uses of fire, forging metals, farming, the Industrial Revolution to the information age; we have been consistently inventing tools to make our lives easier. Artificial Intelligence is one such tool. The term ‘Artificial Intelligence’ was first coined in 1956 by a Dartmouth...