#9: Bridging Data Divides

Suptech Broadcast

11 Sept

14th September 2023

With:

| Matei Dohotaru (World Bank Group)

| Julapa Jagtiani (Federal Reserve Bank of Philadelphia)

In Session #9, Matei Dohotaru (World Bank Group) and Julapa Jagtiani (Federal Reserve Bank of Philadelphia) join FNA to navigate the complex geography of Suptech. While advanced economies often focus on optimizing highly granular data and AI-driven predictive modeling, emerging markets face a different set of challenges—often starting with the fundamental digitization of reporting and the closing of vast "data voids."

The discussion moves from the local to the global, examining how the World Bank facilitates technology transfers to developing regions and how the U.S. Federal Reserve utilizes internal collaboration across districts to scale innovation. Our guests identify the universal roadblocks in the Suptech journey—from fragmented data collection to the "last mile" problem of visualization—and offer a strategic playbook for building the partnerships necessary to overcome them.

The session covered:

The Global Divide: Contrasting the "refinement-led" needs of advanced economies with the "infrastructure-led" requirements of emerging markets.
Overcoming Roadblocks: Identifying the technical and cultural hurdles in moving from manual data collection to automated, real-time supervisory dashboards.
The World Bank’s Role: How global organizations act as a catalyst for Suptech adoption in regions with limited resources but high potential for leapfrogging legacy systems.
Inter-District Collaboration: Insights from the Federal Reserve on how different regional banks collaborate to pilot and implement unified supervisory tools.
Cross-Country Synergy: The importance of international standards and shared sandboxes in reducing the cost of Suptech development for smaller jurisdictions.
Building Partnerships: Strategic advice for regulators on how to engage with the private sector and academia to stay ahead of the "innovation curve."

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