Procurement Summary
State : -
Summary : India Focused Market Landscape
Deadline : 15 Jun 2021
Other Information
Notice Type : Tender
TOT Ref.No.: 53904530
Document Ref. No. : 1275362
Financier : World Bank (WB)
Purchaser Ownership : -
Document Fees : Refer Document
Tender Value : Refer Document
EMD : Refer Document
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Expression of Interest are invited for India Focused Market Landscape on a) Regtech Solutions for the Financial Services Providers, and B) Suptech Solutions for Regulators and Provide Key Recommendations for Their Growth and Adoption
Assignment Title: 1275362 - India focused market landscape on a) RegTech solutions for the financial services providers, and b) SupTech solutions for Regulators and provide key recommendations for their growth and adoption
As part of this assignment, the WBG team is undertaking a survey and analysis (primary and secondary) of the emerging RegTech and SupTech market and players in India. The objective is to provide stakeholders in India with an overview of:
(i) Level of adoption of RegTech by the entities and areas where Regtech has been adopted for efficiency and risks associated with it;
(ii) Identification of pain points, challenges and risks for Regtech adoption & development of RegTech tools, including regulatory hurdles and expectations from financial sector regulators;
(iii) Use cases for Regulatory authorities and challenges for authorities to adopt them;
(iv) Creating of a roadmap for encouraging Regtech adoption and promote growth, along with identification of role of SupTech and existing SupTech use-cases
(v) Recommending a framework for assessing and prioritizing the application of such technologies by relevant authorities in India.
Eligibility restrictions apply:
Given the scope of the study, the Consultant (Firm) requires multi-disciplinary skills, to include:
Over 8-10 + years of relevant work experience
Practical experience in and understanding of supervisory, compliance and regulatory requirements, operations and systems, including RegTech / SupTech Industry
Practical experience and knowledge of the regulatory, legal and supervisory systems for financial services in India
Strong Research and statistical skills
Documentation, reporting and presentation skills
Geographic presence and the potential to conduct in-person interviews where/when possible.
The World Bank Group now invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Consultants may associate to enhance their qualifications.
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