The RegTech for Regulators Accelerator (R2A) partners with standard-setting bodies, financial authorities, and technology firms to accelerate the digital transformation of financial sector regulatory and supervisory authorities. R2A works alongside the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge.
Financial supervision today is especially information processing. Technology alone, however, is not sufficient to achieving permanent efficiency. Processes, people, policies, and especially leadership need to be fundamentally changed to accomplish digital transformation.
R2A works with public agencies to define a compelling vision and roadmap that determine the way forward cohesively and coherently, aligning future strategy and investments toward a long-term vision, maximizing benefits and returns from investments in new applications and human capital, enhancing the efficiency and effectiveness of the business processes while minimizing business disruption, and making sure that transformation is not reduced to a series of incremental improvements – important and helpful, but not truly transformative.
In the increasingly complex, digital financial world, R2A and its partners pioneer supervisory technology (SupTech) applications to deepen the oversight of the marketplace and enhance policy intelligence.
Through R2A, financial authorities access new datasets and deploy smart analytical tools establishing knowledge and evidence that drive targeted, risk-based decision-making.
R2A solutions harness big data to maintain stability, pursue consumer protection, strengthen integrity, sustain competition, and drive innovation in inclusive financial sectors.