Regtech strategy still lacking in majority of central banks
Stress testing, AML/CFT risk and reporting are top areas of application
A regulatory technology (regtech) strategy is available in just over one-fifth of central banks, the Fintech Benchmarks 2024 shows.
The statistics reveal that only eight (22.2%) of 36 respondents have a regtech strategy. By contrast, the vast majority (77.8%) do not. The divide is similar to findings in the 2023 benchmark where only 19% institutions reported having a regtech strategy. The sample further shows that 36.4% of 22 respondents do not use any regtech tools.
Of those that do use the
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