Digital Regulatory Governance: The Role of RegTech and SupTech in Transforming Financial Oversight and Administrative Capacity

Rapid digitalization is transforming how public and private institutions manage regulation, compliance, and supervision. This paper explores the rise of Regulatory Technology (RegTech) and Supervisory Technology (SupTech) as instruments of digital regulatory governance and examines their implications for administrative efficiency, defined as the optimization of regulatory and supervisory processes through automation and data-driven coordination, institutional capacity, and policy innovation. Using a systematic literature review of 59 peer-reviewed studies published between 2017 and 2025, the study identifies how RegTech enhances compliance management and risk control in financial institutions, while SupTech enables regulators to improve supervisory agility, transparency, and real-time oversight. The findings show that these technologies create significant administrative value by streamlining reporting, enhancing accountability, and strengthening governance networks across the public–private interface. However, adoption is constrained by cybersecurity vulnerabilities, algorithmic opacity, regulatory fragmentation, and organizational resistance. To address these issues, the study proposes an integrated governance framework that maps opportunities and barriers across compliance, risk, technology, and institutional coordination. By synthesizing fragmented evidence, this research contributes to the field of administrative sciences by positioning RegTech and SupTech not only as technical innovations but as transformative tools of digital public administration and regulatory modernization.