An AML SupTech Solution for the Mexican National Banking and Securities Commission (CNBV)

To prevent AML from becoming a regulatory bottleneck and stunting the growth of fintech, Mexican financial authorities are exploring regulatory technology (RegTech for Regulators, RegTech2) and supervisory technology (SupTech) solutions that leverage the same tools and innovations that are giving rise to fintechs. In this context, the Comisión Nacional Bancaria y de Valores (CNBV) approached the RegTech for Regulators Accelerator (R2A) in 2017 for assistance in developing a market-ready AML solution. The outcome of the engagement consist of a data request and storage platform as well as tools for data-driven metrics and insights. This forms the foundation for a central data warehouse architecture for AML supervision that can accommodate new fintechs while protecting consumers and safeguarding the stability of the financial system.

This case study showcases the prototype developed in collaboration with CNBV and illustrates the co-creation process that took place over the course of fourteen months.