CRT Signs Agreement with the Central Bank of Trinidad and Tobago to Implement the CORA SupTech Platform

On 30 September 2026, the Central Bank of Trinidad and Tobago and CRT, a leading AI SupTech vendor, signed the Agreement for the Implementation of a SupTech Solution. The agreement was executed by Governor Larry Howai on behalf of the Central Bank and by Dragan Oremuš, Chief Executive Officer, on behalf of CRT. It concludes the procurement launched under the Bank's Request for Proposal for a SupTech Solution for Financial Regulation, Supervision & Oversight, and follows the Bank's selection of CRT as preferred bidder on 1 September 2026.

Under the agreement, CRT will implement CORA, its SupTech platform, to support and enhance the supervisory and regulatory functions of the Bank's Financial Institutions Supervision Department (FISD) and Payments and Financial Markets Infrastructure Department (PFMID), and will provide ongoing support and maintenance through the subsequent operational period.

A first for the Caribbean

Headquartered at Eric Williams Plaza in Port of Spain, the Central Bank of Trinidad and Tobago supervises commercial banks, non-bank financial institutions, financial holding companies, insurers and insurance intermediaries, pension plans and bureaux de change, and oversees the country's payment systems and financial market infrastructure. It is the first Caribbean institution and the first central bank in the Americas to adopt CORA, extending the platform's footprint to a fourth continent.

The engagement supports the Bank's Strategic Plan 2026/27–2030/31, which commits the Bank to modernising supervisory processes through improved data collection, analytics and real-time risk monitoring, and builds on the updated Risk-Based Supervision Framework in force since October 2025.

Scope of the engagement

The programme covers the full span of supervisory work carried out by FISD and PFMID, delivered across all four tiers of the CORA platform:

• Data intake and storage — a secure submission portal and machine-to-machine channels for the Bank's regulatory returns, with submissions accepted in Excel, XML, XBRL, JSON and CSV, hard and soft validation at the point of entry, resubmission tracking and deadline monitoring, in coexistence with the Bank's existing data systems
• Data migration — ingestion of at least ten years of historical structured and unstructured supervisory data into the CORA data warehouse, so that trend analysis, risk assessment and dashboards draw on the full record from day one
• Reporting and analytics — standard and ad hoc reports, institutional profiles, sector dashboards, stress testing and quantitative impact studies, external BI integration and governed AI-assisted querying
• Workflow management and regulatory applications — digitisation of more than forty supervisory processes, including licensing and registration, fit-and-proper assessments, corporate approvals, off-site supervision and on-site examination, with case allocation, deadlines, escalation, correspondence and complete audit trails
• Risk assessment and compliance monitoring — configurable quantitative and qualitative assessments, peer comparison and risk profiles; submission obligations, late and missing returns, validation breaches and supervisory exceptions
• Unstructured information — document storage, OCR and search, with governed extraction, comparison, summarisation and cited question-answering linked to entity profiles

A dedicated accelerated stream will deliver a shared, sector-agnostic fit-and-proper assessment route ahead of the wider workflow programme, giving the Bank an early operational return on the platform.

Delivery

Implementation is phased over three years: the data-collection foundation and the first reconciled banking and insurance dashboards are delivered within the first year, the accelerated fit-and-proper stream enters production in the second year, and integrated completion and handover follow at month 36. A two-year support term completes a five-year programme.

Secure and governed

CRT will operate segregated production, test/UAT and geographically separate warm disaster-recovery environments for the Bank on Microsoft Azure, under an information security programme aligned with ISO/IEC 27001 and the NIST Cybersecurity Framework, with encryption at rest and in transit, multi-factor authentication and role-based access control, and with full audit rights for the Bank.

The Bank approves regulatory interpretations, methods, formulas and risk thresholds; CRT implements them and reconciles the results to approved reference outputs. Every tier of CORA retains provenance, permissions, audit evidence and human decision control, and no autonomous supervisory decision forms part of the solution. This is CRT's Glass Box AI approach in practice: every model output is explainable, traceable and accessible to the reviewer.

"The Central Bank of Trinidad and Tobago has set out a clear ambition — supervision that is data-driven, timely and risk-based — and we are honoured to have been chosen to deliver it," said Dragan Oremuš, CEO of CRT. "With CORA, the Bank's supervisors will work from a single, validated supervisory record, with analytics and AI assistance that are governed, auditable and under human control. This is our first engagement in the Caribbean, and we intend to make it a reference for the region."

Proven foundations

CRT brings to Trinidad and Tobago the experience of supervisory technology programmes across Europe, Africa and Asia, including the API-based prudential reporting system of the Bangko Sentral ng Pilipinas and the Integral Financial Supervisory System used by Western Balkans supervisors.

Next steps

Mobilisation begins immediately. Within the first month, the joint project managers will issue the dated project calendar and confirm named responsibilities, followed by planning workshops with FISD and PFMID to confirm the inventory of regulatory returns, reports and supervisory processes.

With this agreement, CRT, a leading AI SupTech vendor, serves 11 public institutions across 21 jurisdictions on four continents.