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Saudi G20 Presidency and the Bank for International Settlements Innovation Hub Invite Global Innovators to Find Solutions to the Most Pressing Financial Regulatory & Supervisory Challenges

The Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub today launched the G20 TechSprint Initiative to highlight the potential for new technologies to resolve regulatory compliance (regtech) and supervision (suptech) challenges. 

The BIS Innovation Hub, through its Singapore Centre, and the Saudi G20 Presidency have published high-priority regtech/suptech operational problems and invite private firms to develop innovative technological solutions. The problem statements identify challenges in regulatory reporting, analytics, and monitoring and supervision, and have been developed from submissions received from Financial Stability Board (FSB) member jurisdictions.