Bermuda's Ministry of Finance laid before the legislature the Fintech Strategy 2026-2028, setting out a roadmap to expand the use of digital financial services across the Island and integrate fintech more broadly into society. The strategy is aligned with Bermuda’s Economic Development Strategy 2023-2027 and positions digital identity and insurance technology as core policy anchors. The strategy prioritises a robust digital identity framework to support secure online verification, alongside an insurtech focus that builds on Bermuda’s insurance and reinsurance base. It also frames fintech development around modernising how payments and money move across government, business and financial services, noting that digital onboarding is emerging in local banking and that work is under way with partners to modernise payments. The action plan is organised around three pillars: a progressive and agile regulatory environment, innovation growth and capacity building (including local skills and digital finance literacy), and international collaboration and market access, supported by priorities including investment attraction, data protection, regulatory clarity, consumer protection and closing access gaps. Implementation is to be led by the Ministry of Economy and Labour, which will track progress against defined actions under each pillar and report regularly, alongside ongoing stakeholder engagement and public updates.

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