An API-based Prudential Reporting System for the Bangko Sentral ng Pilipinas (BSP)

This case study reveals the vast potential of an API solution to improve the quality and timeliness of supervisory data that can input into the BSP regulatory and policymaking processes. We are eager to expand this prototype to all banks in the country. Beyond process improvements, this regtech initiative serves as a stepping stone towards greater use of technological solutions and transforming the way we work as regulators. We value our participation in the R2A Project. The vendor selected for our proof of concept was very responsive to our needs, agile, and capable of iterating systems until the prototype was able to address our objectives.

Our experience showcases that technological applications are accessible, and are a necessity for financial supervisors in this era of digitalization.