George Alayon

Information

Position

Deputy director, supervision (fintech)

Biography

As Deputy Director, Supervision (FinTech) at the Bermuda Monetary Authority (Authority or BMA), George directs and manages Supervisory teams and individuals to meet the goals and objectives of the FinTech Department. In his current role, he leads a team that develops and implements tools, capabilities and technologies to support the supervisory activities of the FinTech Department. His team also provides oversight to the Authority’s regulatory sandbox and innovation hub. Currently, Mr Alayon sits at both the Insurance and FinTech Assessment and Licensing Committees to review and approve licensing applications for InsurTech and FinTech sectors. He also represents the Authority in relevant international cooperation forums and has spoken in conferences and other public events on various topics such as financial services innovation, cyber risk, artificial intelligence and operational resilience. Mr Alayon provides advice, guidance and direction on all relevant matters pertaining to the Authority’s legislative and regulatory framework for FinTech and InsurTech sector, and makes strategic recommendations to the Chief FinTech Officer and Executive Management. He also leads various strategic initiatives with the aim of cascading innovation and creating efficiencies across the Authority. Mr Alayon joined the Authority in 2015 and was responsible for supervising Groups and Large Commercial Insurers for four years in the Insurance Department before moving to the FinTech Department. Prior to joining the Authority, Mr Alayon served as Assistant Vice President and Senior Account Manager at CTC Insurance Management (Bermuda), and before that, as a Senior Portfolio Accountant at Caceis (Bermuda) Limited. Before coming to Bermuda, George served as Audit In-charge at Ernst and Young Philippines. Mr Alayon is a Certified Public Accountant (Philippines and Bermuda) and a Chartered Property Casualty Underwriter. In addition, he holds designations and certifications in various disciplines, including cyber risk management, cybersecurity standards, internal audit, AML and sanctions compliance, emerging areas such as insurance data analytics, blockchain/distributed ledger technology and other related applications, smart contract programming, artificial intelligence and machine learning, and various RegTech and SupTech applications.