Background:

Technology-enabled innovation in financial services (FinTechs) and Digital Financial Services (DFS) are transforming the global financial landscape, presenting opportunities, risks and challenges for regulated institutions and authorities alike. These developments which come with a set of emerging challenges and concerns for regulators and the regulated institutions, such as cybersecurity threats, data security, privacy and protection, money laundering/terrorism financing (ML/TF) risks have triggered a comprehensive reform of the financial regulatory architecture, as well as a profound rethinking of the effectiveness of financial supervision.

To address these challenges, it is important that authorities and regulated institutions embrace innovative technological solutions. One significant area of innovation is the application of new technologies to help authorities to improve their supervisory and regulatory capabilities – known as ‘SupTech’ and ‘RegTech’ for Regulators and by institutions to meet their regulatory requirements – known as ‘RegTech’. These new technologies, SupTech and RegTechs for Regulators and regulated institutions have important benefits for financial stability. For regulators, the use of SupTech improves oversight, surveillance and analytical capabilities, and generates real time indicators of risk to support forward looking, judgement based, supervision and policymaking. While for regulated institutions, the use of RegTech could improve compliance outcomes, ease regulatory burden and streamline reporting processes, enhance risk management capabilities and generate new insights into the business for improved decision-making.

Despite the opportunities and benefits which SupTech and RegTech brings, regulatory authorities and financial service providers are vigilant to possible risks that could arise from the use of such technologies. These risks include, the risks of skills and resourcing, cyber risk, reputational risk, data quality issues, over reliance on the SupTech & RegTech tools and the potential for limited transparency or “explainability” in the design and output of the tools. To navigate the complexities in the use of these technologies, financial regulators and regulated institutions need to develop capabilities and adapt these tools for effective and efficient regulation compliance, supervision and oversight outcomes.

It is against this background that FITC in collaboration with CFTE is organizing a 5- day programme on SupTech & RegTech: Disruptive Technologies in Reporting, Regulation & Supervision of Digital Financial Services – Challenges & Opportunities for players in the Financial System to support regulators and regulated institutions build a resilient financial system.

Target Audience:

This course is designed to equip a variety of actors across the regulatory landscape, including:

• Regulators (Central Banks, Financial Supervisory Authorities)
• Compliance & Risk Officers (Commercial Banks, Digital Banks, Asset Management Firms)
• FinTech & Payment Service Providers
• Corporate Payment Systems, Stockbrokers, and Dealing Companies
• Legal and Internal Control Professionals in Financial Institutions
• For Central Banks in Africa, this provides practical knowledge on the design, adoption and implementation of RegTech and SupTech tools that engenders regulatory and supervisory agility and financial system stability.
• For Compliance and Risk officers, it helps define high-level challenges to be aware of
• For Fintechs and Payment providers, it highlights the future of the space and what offerings they will need to work for
• Legal and Control Professionals will also be able to touch and feel the key components of regulation and supervision that will impact their professions.

Learning Outcomes

1. Understand technological advancements shaping the global financial
2. Develop policy approaches to adopt SupTech & RegTech tools
3. Identify underlying technologies that drive digital
4. Examine the benefits, challenges, and risks associated with SupTech &
5. Explore real-world applications of these technologies in compliance, risk management, and supervision.

Learning Objectives

1. Recall the rapid growth in the global financial landscape fuelled by digital financial innovation and technology in financial services.
2. Understand the role of financial authorities and regulated institutions in the globalisation of finance and developments in Digital Financial Services.
3. Analyse the foundations of RegTech and SupTech and how they are impacting Central Banks, regulated institutions and financial services.
4. Identify the underlying technologies that revolutionised FinTech, RegTech, and
5. Examine the potentials of RegTech and SupTech for regulatory and supervisory processes: benefits, challenges and risks for authorities and regulated

Content

1.  The Global Financial Landscape & Digital Innovation

• The rise of FinTechs and their role in financial
• Cross-border transactions & global regulatory
• Consumer protection and regulatory

2.  Foundations of RegTech & SupTech

• Evolution of Regulatory & Supervisory
• Demand and supply drivers behind SupTech & RegTech
• RegTech 0, 2.0, 3.0 and their evolution.
• Application of SupTech in emerging

3.  Underlying Technologies of SupTech & RegTech

• Artificial Intelligence (AI) & Machine
• Blockchain & Distributed Ledger Technology (DLT).
• Big Data Analytics & Cloud
• APIs, Smart Contracts, IoT, Biometrics,
• Use cases in regulatory reporting & compliance risk

4.  Conceptualising RegTech & Its Applications

• Compliance, Identity Management, Risk
• Regulatory Reporting & Transaction
• Case studies on RegTech solutions in financial

5.  Supervisory Technology (SupTech) for Regulators

• The use of AI & Big Data for market
• Microprudential & Macroprudential Supervision using
• Designing and implementing a SupTech
• Governance frameworks for SupTech

6.  Application of SupTech in Systemically Important Financial Institutions (SIFIs)

• Case studies on SupTech implementation in large financial
• The role of regulators in supervising major financial
• Addressing cross-jurisdiction challenges in financial

7.  Advanced RegTech & SupTech Applications

• Evolution of RegTech & SupTech: Global case
• Implementing AI & Machine Learning for financial
• Automating compliance reporting: Opportunities &
• Cloud computing & data privacy in financial

8.  Regulatory & Compliance Technology Trends

• APIs in regulatory
• Blockchain for identity management & fraud
• Real-time transaction monitoring using AI & big
• RegTech in anti-money laundering (AML) & fraud

9.  Strategic Approaches for RegTech Adoption

• The role of regulators in fostering
• Public-private partnerships for RegTech
• Sandbox testing environments for emerging

10.  The Future of SupTech & RegTech

• Policy frameworks for AI-driven
• Addressing ethical concerns in AI-powered financial
• Cloud-based services and their implications for
• Collaboration between regulators and financial

Field Visits & Experiential Learning

To complement classroom learning, there will be field visits and engagement sessions. This visit will provide hands-on exposure to SupTech and RegTech applications in real-world settings.

Key Engagements & Visits

1. Regulatory Innovation Hub – Visit a financial regulatory authority or innovation sandbox to explore how policymakers are adopting SupTech solutionsg The Kigali International Finance Centre.
2. Industry Networking & Roundtables – Interact with global leaders, fintech startups, and regulators at an exclusive networking event.

These field visits will provide practical insights into regulatory innovation and digital compliance.