the take - up of our tools. 2 / 6 bis - central bankers'speeches one way of fostering the adoption of tools is our european banking supervision - wide suptech champions initiative. under this initiative, pete and other colleagues at the ncas and in various business areas across ecb banking supervision can become trained experts in suptech tools. these suptech champions can then provide local and easy - to - access support to users. they also collect feedback and identify user needs in order to further develop the tool. in this way, suptech champions act as ambassadors, both promoting awareness and supporting the use and development of suptech tools. already, 45 champions across 17 ncas have reached over 1, 000 supervisors through multiple channels, including workshops and providing guidance on the use of suptech tools. future - proofing our organisation second, we are continuing to make our organisation ready for the future by establishing a steady - state tech function that connects internal tech and supervision experts across business areas and ncas. we want to cultivate a collaborative approach to shaping ssm technology and enhancing the adoption and use of available tools. in one of our flagship initiatives, ncas can become suptech centres, which are at the forefront of developing technology for european banking supervision. they deliver tools that can subsequently be made available to the ecb and other ncas. a case in point is that one nca has developed a new use case for assessing the group structures of banks over time in our network analysis platform, navi, which benefits european banking supervision as a whole. deepening our global partnerships third, we seek to tap into the global innovation networks with which we have established strong ties in recent years. for instance, we have been working closely with leading academic institutions to deliver state - of - the - art training to supervisors on machine learning, programming for data analytics, prompting and other topics. we are also working closely with industry leaders in other areas, such as generative ai, cloud technology and big data, as well as with start - ups to bring the latest and most advanced technologies to banking supervision. at the same time, we are partnering with other authorities across the world to experiment with new ways of solving common problems. such partnerships mean that pete has access to knowledge and state - of - the art technology that boost efficiency and improve supervisory outcomes, which brings me to the second pillar of our strategy, technology. technology through our ssm tech strategy, we want to

connect people with technology. in other words, we need to equip pete with the necessary tools and capabilities. working as a single team with shared technology 3 / 6 bis - central bankers'speeches the first cluster in the technology pillar concerns our core it systems. on the one hand we will continue to future - proof our core systems and data infrastructure by making them more modular, scalable and innovation - friendly while keeping them secure. we aim to optimise the it landscape by integrating and consolidating systems across european banking supervision. on the other hand, we will decommission legacy systems to maximise the use and impact of existing applications. working as a single team across the ecb and ncas with access to shared technology will allow pete to collaborate more intensively with european central banking colleagues. olympus is a notable project in this regard. through olympus, we aim to proactively shape our it landscape and make it ready for the upcoming challenges and opportunities offered by new technologies. this ambitious project reviews the full it landscape and sets out a roadmap and action plan for the future of it in european banking supervision. for this project, we have identified four high - level targets rooted in our supervisory needs that guide all activities. our first target is to strengthen our data - driven work. imagine having easy access to data and efficient processing within a few clicks. this will empower our teams to make informed decisions swiftly and effectively. the second target is to provide common and connected tools and systems. using integrated systems to foster collaboration among all european banking supervisors, we will create a cohesive working environment that allows everyone to work together smoothly. the third target is to ensure seamless access and navigation. by unifying access and identity management, we will make it easier for our staff to find and use the resources they need, free from technical obstacles. lastly, we will establish common it standards and delivery. by adopting consistent it standards, we will drive rapid and user - friendly digital innovation, ensuring our technology keeps pace with the latest advances. under the olympus project we have set out the concrete action needed to reach these targets. what does this mean for pete, though? let me give you an example. pete will be able to use the ssm cockpit to navigate through supervisory tasks. the ssm cockpit will provide a user - centric platform integrated with core systems to facilitate access and navigation to various tools and systems. by design, it will be a flexible solution that meets the