FNA Launches G20 Monitor To Help Financial Institutions And Authorities Map And Monitor The Global Financial System
FNA, a deep technology firm specialising in advanced network analytics and simulations, today announced the launch of its award-winning G20 Monitor. Built in response to the unprecedented challenges of the COVID-19 crisis, the G20 Monitor enables financial institutions and authorities to monitor the global financial system and economy, map interconnectedness, and tackle systemic risks.
The solution has been designed as a collection of 10 monitors encompassing over 30 interactive dashboards, allowing users to understand large datasets, identify risks and enable proactive real-time monitoring. This enables financial authorities to quickly identify problems and anomalies that could result in systemic instability.
Sourcing both structured and unstructured publicly available data, the G20 Monitor displays this information, accompanying analytics and modelling within its set of dashboards. FNA plans to increase the number of monitors and dashboards over the coming months.
Dr Kimmo Soramäki, Founder and CEO, added: “This new solution will allow central banks and authorities to better understand risk and interconnectedness. In addition, we believe that the G20 Monitor will facilitate stronger coordination amongst regulatory and supervisory agencies – as it will support them in formulating and implementing cross-jurisdictional responses to systemic risks, especially at the time of unprecedented disruptions from the COVID-19 crisis”.
This week, the solution earned high praise, winning the inaugural edition of the G20 TechSprint, in the Dynamic Information Sharing in Response to Crisis category. The G20 TechSprint is a joint initiative between the Bank for International Settlements Innovation Hub (BISIH) and the G20 Saudi Presidency - designed to showcase the potential for new technologies to resolve operational problems in the areas of regulatory compliance (Regtech) and supervision (Suptech). The hackathon-style competition is also supported by the Monetary Authority of Singapore (MAS), the Financial Stability Board (FSB), API Exchange (APIX), and the RegTech for Regulators Accelerator (R2A).
To explore the G20 Monitor and its applications, please visit www.g20monitor.com.