Kiffmeister’s #Fintech Daily Digest (20220331)

BIS Innovation Hub and Monetary Authority of Singapore develop prototype supervisory analytics platform

The Bank for International Settlements (BIS) Innovation Hub Singapore Centre and the Monetary Authority of Singapore (MAS) have developed a new prototype platform that integrates regulatory data and analytics. Known as Project Ellipse, the platform successfully demonstrates how regulatory and other data, such as articles and news, can be integrated into a single platform to help regulatory authorities identify potential risks to individual banks and the banking system. The new prototype is the first to be published on BIS Open Tech, a new platform for sharing software as public goods for further testing, customizing and scaling. [Read more]

EU Launches Digital Finance Platform

The European Union (EU) launched its Digital Finance Platform, a new website designed to build dialogue between innovative financial firms and supervisors. Its main objectives are to overcome fragmentation and support the scaling up of digital financial services across the Single Market. It will initially consist of an Observatory offering interactive features such as a Fintech Map, events and a section where users will be able to share relevant research material, and a Gateway which will act as a single access point to supervisors, with information about national innovation hubs, regulatory sandboxes and licensing requirements. [Read more]

The Financial Stability Board sets out 2022 work program

The Financial Stability Board (FSB) published its work program for 2022. Priority areas of work and new initiatives, including key deliverables include continuing its work on enhancing cross-border payments, and continuing work on the financial stability and regulatory and supervisory implications of technological innovation, with a particular focus on various forms of crypto-assets, including decentralised finance (DeFi). [Read more]