Project “RegTech&SupTech” is implemented within the framework of the National Recovery and Resilience Plan 2021–2026 and is financed by European Union funds through the NextGenerationEU instrument.
PROJECT SUMMARY
The financial sector is one of the largest investors in technology. In the area of regulation, the application of digital technologies to regulatory compliance and risk management is known as RegTech, while the use of technology for the purpose of enhancing the supervision of the financial system is referred to as SupTech.
The 2008 financial crisis highlighted that traditional methods of regulation and supervision, primarily based on the human factor, are not sufficiently effective in identifying risks and ensuring the stability of the financial system. In recent years, the strong growth and increasing importance of RegTech have been driven by demand-side factors (regulatory requirements, the pursuit of greater efficiency and cost reduction, and large volumes of information) as well as supply-side factors (lower costs of information processing and improved communication with databases). On the other hand, supervisors such as the European Central Bank and the Federal Reserve use SupTech to monitor risks to financial stability, enable the automated detection of money laundering, and perform similar tasks.
The project will analyze the current state, trends, and the advantages and disadvantages of RegTech and SupTech. A particular emphasis of the project will be placed on presenting real-world applications of these technologies and on providing recommendations (guidelines) for more effective and efficient use of RegTech and SupTech in the financial system. In this way, the project will contribute to greater resilience of the financial system to risks and to digital transformation in the financial industry.
The main objective of the project is to analyze how digital technology contributes to high-quality regulation and supervision of the financial system (RegTech and SupTech).
Total project value: 60.000,00 EUR
Project duration: October 1, 2025 until September 30, 2029
Project holder: University of Zagreb, Faculty of Economics & Business
Contact
Project leader: Prof. dr. sc. Anita Pavković
E-mail: apavkovic3@net.efzg.hr
Address: Faculty of Economics & Business – Zagreb
Trg J. F. Kennedyja 6
10000 Zagreb, CROATIA