The Bermuda Monetary Authority is increasingly using artificial intelligence and advanced supervisory technology to strengthen oversight of the island's financial services sector, according to its 2025 annual report.

The regulator said it deployed several supervisory technology, or “SupTech”, solutions during the year to digitise supervisory processes and improve the way it monitors banks, insurers, investment firms and digital asset businesses.

The new technology is meant to give the authority a unified view of regulatory data across multiple sectors. It will allow supervisors to make greater use of data while cutting down on manual administrative work.

The initiative forms part of the BMA’s longer-term IT Vision 2030 strategy, which aims to modernise its regulatory systems and improve efficiency.

The report said the BMA is also rolling out more AI tools internally.

According to the BMA, AI-powered applications were introduced during 2025 to improve reliability, optimise workflows and reduce work. The regulator said the technology had increased productivity while delivering a measurable return on investment.

Among the projects was the ongoing development of Nexus, the BMA’s digital regulatory platform, which allows regulated firms to submit regulatory filings and other information electronically.

The annual report was tabled in the House of Assembly on Friday by David Burt, the Premier and Minister of Finance, as part of the BMA’s annual reporting process.

• See the BMA annual report under Related Media

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BMA 2025 annual report.pdf