NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

R²A will award $100,000 per country to two technology innovators to develop and test prototype RegTech solutions for financial authorities in the Philippines and Mexico.

• In the Philippines, the selected vendor will work with the Central Bank of the Philippines to develop an Application Programming Interface (API) and back office reporting and visualization application for regulatory reporting.
• In Mexico, the selected vendor will work with the National Commission for Banking and Securities to develop a data request/storage platform and tools for data-driven metrics for anti-money laundering supervision.

These competitions are open to organizations worldwide, including non-profit organizations and for-profit companies.