Finanstilsynet’s digitalisation strategy 2023–2026
Published: 3 October 2023
The digitalisation strategy describes how Finanstilsynet will use its IT systems, digital tools and data to realise the goals set out in its main strategy for 2023–2026.
Five strategic ambitions
The following ambitions serve as a guide for our ongoing work and long-term digitalisation management. Finanstilsynet will conduct data-driven and risk-based supervision. We will give supervised institutions effective collaboration and reporting tools. We will manage our data in a way that supports streamlining and digitalisation, have flexible IT systems and increase the digital competence of all employees.
We will conduct data-driven and risk-based supervision
Efficient use of data is a key priority during the strategy period. Sound data quality, good analytical solutions and user-centric dashboards provide the basis for data-driven and risk-based supervision and efficient work processes.
We will give supervised institutions effective collaboration and reporting tools
Extensive reporting requirements, new legislation and increasing amounts of data place great demands on reporting and collaboration tools. For the supervised entities, the tools shall provide a good overview of their own reporting and ensure effective interaction with Finanstilsynet.
We will manage our data in a way that supports streamlining and digitalisation
Finanstilsynet's data will be available to its own employees, other government agencies, European supervisory authorities, the business sector and the general public provided that this is permitted by regulations.
We will have flexible IT systems
Finanstilsynet will renew and further develop a comprehensive IT system portfolio, including solutions for receiving, documenting and storing data. New solutions for sharing data and events, as well as advanced analysis, will be developed.
We will increase the digital competence of all employees
The digitalisation process involves Finanstilsynet’s entire organisation. Good digital competence among employees lays the basis for extensive internal involvement in the digitalisation process, and knowledge of Finanstilsynet's system portfolio enables efficient use of IT systems across the organisation.
Foreword
Finanstilsynet's strategy for 2023–2026 defines important parameters for its digitalisation process. Finanstilsynet’s main goal is to promote financial stability and well-functioning markets. This requires that supervisory activities are data-driven, risk-based and efficient.
Digitalisation principles
A transparent and consistent IT architecture is a prerequisite for stable services and digital innovation.