AI Readiness in Public Sector Innovation: From Data Foundations to Trustworthy Supervision

Public sector innovation is entering an AI-driven era, but readiness varies widely across sectors. Nowhere is this more critical than in financial supervision, where regulators are experimenting with suptech—the use of technology, including AI, to strengthen oversight, consumer protection, and financial stability. Drawing on insights from the State of SupTech 2024 report, this session will explore how supervisors are progressing from foundational data systems to AI-powered risk detection. It will highlight both the promise—better insights into cyber, climate, and prudential risks—and the challenges, from data governance and skills gaps to the need for transparency and accountability in AI models. Participants will: 1. Gain a clear picture of where supervisory authorities stand on AI readiness. 2. Understand the critical role of strong data foundations in enabling AI. 3. Learn practical steps to balance innovation with accountability and trust.