Sebi bets on data analytics, new generation tech to address market challenges

Continuing its efforts to bolster supervision and identify non-compliance, regulator Sebi plans to deploy data analytics and new generation technologies to deal with various challenges in the market. Sebi Chairman Ajay Tyagi has said that apart from enhancing investor awareness and improving access to the securities market, the regulator would continue to strengthen market supervision through various steps such as technology solutions being built to achieve the objective of identifying non-compliance and assisting in investigations. "Going ahead, SEBI endeavors to deploy data analytics and new generation technologies to understand and handle various challenges in the market. "Sebi would encourage adoption and usage of financial technology to further develop and maintain an efficient, fair and transparent securities market ecosystem which also promotes innovation in the securities market," Tyagi said in his statement in the regulator''s annual report for 2018-19.