Press release 2021-002
Willemstad/Philipsburg - The Centrale Bank van Curaçao en Sint Maarten (CBCS) and Financial Network Analytics Ltd. (FNA) are pleased to announce their new collaborative partnership for the development of advanced Supervisory Technology (SupTech) capabilities.
As part of its innovation journey, the CBCS, led by its Innovation Platform, is in the process of adopting new technologies and developing SupTech capabilities, which FNA committed to support with its expertise in the areas of data extraction, advanced analytics, and training. To this end, FNA will produce a series of in-house and public courses, as well as provide the CBCS’ specialists with access to its software and analytics platform.
FNA is a deep technology company specialized in advanced data analytics and network simulations, and a leader in SupTech and Regulatory Technology (RegTech). FNA’s portfolio of clients includes the world's largest central banks and financial authorities across the Americas, Europe, Africa and Asia. FNA clients include, amongst others, Bank of England, the Office of Financial Research (US Department of Treasury), Payments Canada, Central Bank of Colombia, and Hong Kong Monetary Authority.
FNA’s SupTech and RegTech solutions have been recognized through a series of industry awards and prizes. These include FNA’s winning of the inaugural 2020 G20 TechSprint in the ‘Dynamic Information sharing for Supervisors and Regulators in Response to Crises’ category, as well as the 2020 award for the Best Data Analytics Partner at Central Banking Publications’ annual FinTech & RegTech Global Awards.
Kimmo Soramaki, Founder and CEO of FNA: “We are honored and excited that the CBCS invited FNA to support its Innovation Platform to advance their SupTech efforts. The CBCS has recently achieved a number of significant innovation results, such as the creation of its internal Innovation Platform, which functions as an innovation hub. Our subject matter experts and SupTech specialists are looking forward to an exciting collaboration and a mutually beneficial partnership”
Leila Matroos-Lasten, Executive Director of the CBCS: “The CBCS, through its Innovation Platform, is committed to continue to explore the opportunities that innovation and technology may present to enhance its supervisory capabilities, regulatory agility, and data analytic capabilities. The CBCS looks forward to the collaboration with and support of the FNA, who is recognized as global leader in the field of SupTech”.
Willemstad, February 11, 2021
CENTRALE BANK VAN CURAÇAO EN SINT MAARTEN