Evolving technologies are reshaping financial services at an unprecedented pace, offering significant benefits to the financial system, yet also introducing new potential systemic risks.
The Technology, Innovation and Systemic Risk initiative brings together key stakeholders to explore emerging technology-driven risks to the financial system, and to identify collective approaches to mitigating these risks such that the full benefits of innovations may be realized.
Explores approaches to best manage new risks, and seize future opportunities, from this fast-evolving technology.
Brings together key public and private sector leaders to accelerate the digital transformation of compliance, reporting and financial supervision.
Engages stakeholders in experimenting with quantum applications in financial services, and in developing effective quantum strategies.
Through research, experimentation and knowledge exchange, we aim to drive meaningful change.
We publish thought leadership and host sessions at Forum summits and other events to share actionable insights with a global audience. The deliverables from our workstreams are designed to provide valuable contributions to both public and private sector leaders, as well as the broader public.
We trial solutions to identified challenges. For example, we have launched a pilot to pair experts from the private sector with financial authorities around the world for secondments that accelerate the digital transformation of financial supervision, leading to a safer financial system.
This report presents insights into forces that can spread technology-driven risks across the financial system and identifies mitigation opportunities available for financial services players.