Suptech objectives of financial institutions 2023

Published by Statista Research Department, Aug 20, 2024

Prudential supervision was the primary objective of suptech initiatives implemented at financial institutions in 2023, according to a survey conducted among financial authorities. Consumer protection and market conduct supervision ranked as the second most important objective of these initiatives, with AML/CFT/CPF supervision also being a common goal.

Objectives of suptech initiatives at financial institutions in 2023

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Release date

February 2024

Region

Worldwide

Survey time period

August to November 2023

Number of respondents

64 respondents

Supplementary notes

The question was phrased by the source as follows: "What are the objectives of your suptech initiatives?"

Distribution of respondents:

  • Central banks: 58 percent
  • Capital market, securities, and investment instruments supervision: 19 percent
  • Other: 23 percent

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