G20 TechSprint 2020

G20 TechSprint

TechSprint was a joint initiative of the BIS Innovation Hub (BISIH) and the Saudi G20 Presidency designed to showcase the potential for new innovative technologies to resolve operational problems in the areas of regulatory compliance (RegTech) and supervision (SupTech). It was implemented with the support of the Monetary Authority of Singapore (MAS), the Saudi Arabian Monetary Authority (SAMA), the Financial Stability Board (FSB), API Exchange (APIX), and Regtech for Regulators Accelerator (R2A).

The three winning firms - FNA, Tookitaki and ISDA-REGnosys - tackled challenges of dynamic information sharing, monitoring and surveillance, and regulatory reporting.

Problem statements

Private firms competed and developed innovative solutions to these problems using the cloud-based APIX platform that facilitates registration, prototype building and online judging of submissions. An independent international expert panel chose the winning solutions.