The Norwegian Financial Supervisory Authority published material from a 15 May network meeting on a data-driven public sector that it hosted, bringing together 35 participants. The presentation set out how the authority is modernising its supervisory, reporting and internal processes through a new cloud-based data platform, strengthened data governance and expanded use of automation and artificial intelligence. Key initiatives include a 2022–2026 digitalisation programme mandated by the Ministry of Finance and funded with just over NOK 100 million, covering automation of administrative tasks, digitalisation of supervisory processes, more efficient reporting and data capture, improved analytics and increased data sharing. The planned cloud data platform (FIDA) is described as an ecosystem including a data catalog, data hub, integration services and analytics, supported by infrastructure, security, and data governance and management; architecture principles include cloud-first (SaaS before PaaS before IaaS), treating data as a product, API-first design, standardisation, and security, compliance and privacy by design. Data governance work includes formal roles for data owners, data stewards and data product owners, a four-level data classification model (K0–K3), and use of Microsoft sensitivity labels across email, documents, Teams and Power BI alongside a Purview-based data catalog. For reporting, migration from Altinn 2 to Altinn 3 is underway, with all forms required to be on Altinn 3 by 19 June 2026; the authority has around 150 forms in production, with 50 transformed and 56 in backlog for national reporting, while remaining EU-reporting forms are expected to move to a new EU reporting solution. The material also outlined operational automation including around 50 active robotic process automation processes and rollout of Microsoft 365 Copilot from April 2025 following pilots and risk assessments, plus an internally developed Azure-based GPT solution and proofs of concept such as prospectus review and anti-money laundering authorisation checks that reduced processing time from about four hours to 30 minutes.
Norwegian Finanstilsynet 2025-05-19
Norwegian Financial Supervisory Authority shares progress on cloud data platform, Altinn 3 migration and AI automation at public sector data network meeting
The Norwegian Financial Supervisory Authority outlined its 2022–2026 digitalisation programme, funded with over NOK 100 million, focusing on automation, digitalisation of supervisory processes, and enhanced data analytics. Key initiatives include a cloud-based data platform (FIDA), migration to Altinn 3 for reporting, and operational automation with robotic process automation and Microsoft 365 Copilot. The programme aims to modernise supervisory, reporting, and internal processes through improved data governance and expanded use of AI.