New York's Financial Services Department is building a RegTech solution to improve its regulatory capabilities

According to foreign media today, the New York Department of Financial Services (NYDFS) is building a RegTech (supervised technology) solution to improve its regulatory capabilities. It is reported that NYDFS is looking for a supervisor to help design, build and manage procedures to facilitate the testing of RegTech solutions that may enhance its regulatory capabilities, including those related to regulated entities.