Suptech adoption at financial institutions 2023, by economy

Published by Statista Research Department, Aug 20, 2024

A higher share of financial institutions in advanced economies adopted suptech initiatives in 2023, according to a survey conducted among financial agencies. The survey revealed that 79 percent of advanced economies had one or more suptech applications in operation. In contrast, 54 percent of financial institutions in emerging markets and economies reported having suptech applications in operation at their agencies.

Suptech adoption at financial institutions in 2023, by economic segment

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Release date

February 2024

Region

Worldwide

Survey time period

August to November 2023

Number of respondents

64 respondents

Supplementary notes

The question was phrased by the source as follows: "Do you have any initiatives in your agency that you would consider as suptech?"

Distribution of respondents:

  • Central banks: 58 percent
  • Capital market, securities, and investment instruments supervision: 19 percent
  • Other: 23 percent

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