Richer nations more likely to have regtech strategy
Regtech tools commonly used for risk assessment
Central banks in higher income jurisdictions are more likely to have a regtech strategy, the Fintech Benchmarks 2023 reveal.
Regulatory technology (regtech) strategy is employed by approximately one-fifth of all respondents. Thirty-five central banks addressed this section of the benchmark.
Among advanced economy central banks, 29% said they have the policy. Across emerging market economies, the adoption rate stood at 10.5%.
Across 35 jurisdictions, the most common application of regtech
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