Template-Type: ReDIF-Paper 1.0
Author-Name: Leonardo Gambacorta
Author-X-Name-First: Leonardo
Author-X-Name-Last: Gambacorta
Author-Name: Nico Lauridsen
Author-X-Name-First: Nico
Author-X-Name-Last: Lauridsen
Author-Name: Samir Kiuhan-Vásquez
Author-X-Name-First: Samir
Author-X-Name-Last: Kiuhan-Vásquez
Author-Name: Jermy Prenio
Author-X-Name-First: Jermy
Author-X-Name-Last: Prenio
Title: Making suptech work: evidence on the key drivers of adoption
Abstract: This paper examines the institutional drivers of adopting supervisory technology (suptech) by financial authorities worldwide. Using survey data from 112 financial authorities across 97 countries from the State of SupTech Report, we analyse how organisational characteristics and strategic frameworks shape the adoption of suptech initiatives. The analysis employs a two-stage hurdle model to track adoption from proof of concept to prototype, and finally to full deployment. We find that authorities with institution-wide strategies for digital transformation, data governance, and suptech deployment use, on average, about 20 additional applications and face fewer design and implementation challenges. Furthermore, while an authority's size and institutional mandate are significant factors in initiating advanced projects, the establishment of a dedicated suptech unit is the most critical factor in increasing the number of deployed applications. Finally, we find that public cloud adoption is associated with a higher probability of implementing AI tools, while reliance on in-house development is strongly associated with early-stage AI experimentation.
Creation-Date: 2025-11
File-URL: https://www.bis.org/publ/work1309.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/work1309.htm
File-Format: text/html
Number: 1309
Keywords: suptech, financial supervision, technology adoption, financial authorities
Classification-JEL: G28, O33, C25
Handle: RePEc:bis:biswps:1309