Saudi G20 Presidency, BIS launch TechSprint Initiative – Saudi Gazette

Saudi G20 Presidency, BIS launch TechSprint Initiative – Saudi Gazette

The BIS Innovation Hub, through its Singapore Center, and the Saudi G20 Presidency have published high-priority RegTech/SupTech operational problems and invite private firms to develop innovative technological solutions.. TechSprint encapsulates one of the core principles of the BIS Innovation Hub, which is to develop public goods in the technology space to enhance the functioning of the global financial system," said Benoît Cœuré, head of the BIS Innovation Hub.. Commenting on the launch from the Saudi G20 presidency, Governor of the Saudi Arabian Monetary Authority, Ahmed Al-Kholifey, said: "Alongside the BIS Innovation Hub, we look to the global fintech community to help mobilize effective solutions to pressing financial regulatory and supervisory challenges, including by supporting regulatory and supervisory responses against the COVID-19 pandemic.". The initiative recognizes that, notwithstanding the unprecedented challenges presented by the virus, financial regulators and supervisors will continue to ensure that the global financial system operates in a stable, efficient and inclusive manner..