A roundup of the latest ICT/technology news from across the Caribbean region for the period Monday 9 January to Sunday 15 January 2023.
Monday, 9 January 2023
ArawakX pursuing int’l bonds, Haiti solution, C’bean expansion
Bahamas – ArawakX is preparing to expand into the Caribbean, list international bonds and even assist businesses in Haiti… more
Bahamian Judges Consider Role of Artificial Intelligence in Caribbean Courts
Bahamas – Some of the top judicial minds in the Bahamas explored the implications of artificial intelligence (AI) on the Caribbean justice system at a judicial training event hosted by the Honorable Chief Justice of The Bahamas, Sir Ian Winder. Bevil Wooding, Executive Director of the Caribbean Agency for Justice Solutions (CAJS), delivered a thought-provoking address on the ways in which AI is being used in the courts, and the potential benefits and risks that AI presents to judiciaries in the Caribbean… more
Fintech firm using crowdfunding to make real estate investing easier
Bahamas – A new fintech solution that will make it a little simpler to invest in real estate is being launched and has received provisional approval from the Securities Commission of The Bahamas, a press statement on the company has revealed… more
FTX’s Bahamian liquidators to control $46m Tether assets
Bahamas – FTX’s Bahamian provisional liquidators have gained control of $46m in Tether stablecoins as part of their “co-operation” deal with the crypto exchange’s US chief that creates a “path forward” to resolve all remaining disputes… more
FTX CEO’S ATTACKS ON BAHAMAS ‘MISGUIDED’: Attorney General hails regulator for ‘proper’ measures
Bahamas – FTX’s US chief has admitted his attacks on The Bahamas’ integrity were “misguided” by agreeing to work with the failed crypto exchange’s local liquidators, the Attorney General argued last night… more
FTX debtors and JPLs reach agreement
Bahamas – The Bahamian liquidators of Bahamas-based FTX Digital Markets and the new CEO of FTX’s US companies have reached an agreement over access to data following weeks of verbal sparring between the two camps… more
INSIGHT: A show of faith in The Bahamas over FTX probe
Bahamas – THE collapse of FTX – with the vast amounts of money involved – was always going to attract a global spotlight… more
Local company simplifies real estate investments with crowdfunding
Bahamas – Bahamian firm Akerage is using technology and industry expertise to make investing in income-producing property easier for the average investor… more
SBF objects to automatic stay filed by FTX debtors
Bahamas – Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, last week filed an objection to an automatic stay motion filed by FTX debtors in their Chapter 11 bankruptcy proceedings on his Antigua and Barbuda company Emergent Fidelity Technologies Ltd… more
Mastercard and Vesta to offer regional fraud management solutions
Caribbean – Mastercard and Vesta, a leading end-to-end fraud prevention platform for digital purchases, announced a new strategic partnership to provide a state-of-the-art fraud management platform for merchants across Latin America and the Caribbean… more
The AI invasion: What’s left for creators?
Caribbean – TECHNOLOGY developments sometimes actually do displace older technologies… more
Veralink plans to disrupt PBX solutions and data service market
Jamaica – Dave Reid and Richard Hamilton are the entrepreneurs behind Veralink Limited, a service company dedicated to providing technology solutions for enterprise businesses and Internet service providers… more
Tuesday, 10 January 2023
Q&A: Making digital asset businesses compliant
Cayman Islands – The Cayman Islands Monetary Authority (CIMA) has so far been very conservative in granting virtual asset service provider (VASP) licenses… more
Cashless food ordering app launched
Guyana – ‘GTEats’, Guyana’s first cashless food ordering and delivery app on Monday announced its official launch with service available to customers in the greater Georgetown area… more
GECOM IT officer opts for silence at elections probe
Guyana – Guyana Elections Commission (GECOM) Information Technology (IT) Officer, Enrique Livan, who is accused of attempting to change figures on some Statements of Poll (SOPs) in Region Four and is facing elections related charges yesterday invoked his right to remain silent when he appeared before the ongoing Presidential Commission of Inquiry into the March 2020 elections… more
Flow’s Skills for the Future programme graduates another 250 participants
Jamaica – Communications and entertainment provider Flow, through its Flow Foundation, has equipped another 250 Jamaicans with certification in digital literacy through its Skills for the Future pilot programme… more
Wednesday, 11 January 2023
Thompson: Click2Clear integration hurting customs brokers
Bahamas – East Grand Bahama Member of Parliament Kwasi Thompson, who is also the shadow minister of finance, yesterday accused the government of imposing additional costs on customs brokers in an already high climate of inflation, with the integration of the new Bahamas Customs Click2Clear system… more
Digitised traffic ticketing system coming
Jamaica – new digitised traffic ticketing system will be launched simultaneously with the new Road Traffic Act which comes into force on February 1, as the Government seeks to establish an effective traffic enforcement regime… more
Scotia hikes online transfers
Trinidad and Tobago – COME February 10, Scotiabank customers will have to pay $1.50 for digital transfers to other banks from February 10… more
Thursday, 12 January 2023
FTX has recovered $5 billion in liquid assets, lawyer says
Bahamas – FTX, the former cryptocurrency exchange, recovered more than $5 billion in liquid assets, including cash, a lawyer for the company told a bankruptcy judge in Delaware yesterday… more
Kitji Studios pushing ICT in Barbados
Barbados – Shayne Marshall is the Managing Director of Kitji Studios. The tech company which has been in operation since 2017 is located in Breedy’s Land, Silver Sands, Christ Church and offers software engineering, reverse engineering, software development and maintenance, systems analysis and design, project management and systems architecture… more
6 ways soca artistes can earn money digitally
Caribbean – It’s Carnival season again and there has never been a better time to become an artiste in the world of soca music!… more
Why you need LinkedIn to grow your business in 2023
Jamaica – “LinkedIn?… You mean the job posting site?” If that was your initial thought when you read the headline, you wouldn’t be wrong but you would be outdated in your thoughts about LinkedIn… more
Friday, 13 January 2023
SBF: I didn’t steal funds
Bahamas – FTX founder Sam Bankman-Fried, who is on $250 million bond and awaiting trial in New York on charges that he defrauded his customers out of billions of dollars, yesterday denied stealing customer funds… more
Scotia chief’s ‘Outlook’ on technology solutions
Bahamas – SCOTIABANK (Bahamas) top executive yesterday said he will focus on technology solutions for the country’s financial services access ills at next week’s Business Outlook conference… more
Amber takes digital stake in Nationwide
Jamaica – Technology firm the Amber Group has struck a partnership with Nationwide News Network (NNN) to bring new technologies and innovations to the media outlet as it pushes to transform and digitise the local media landscape… more
EduFocal joins Guyana delegation
Jamaica – Serious about fast-tracking its plans for regional expansion, online learning company EduFocal Limited has been named among a delegation that will embark on a trip to Guyana later this month… more
JN Bank to roll out JN Pay mobile wallet by March
Jamaica – By March, JN Bank will begin beta testing of its digital wallet, JN Pay, starting internally with staff of Jamaica National Group, and then later to the general public… more
PTSC launches online payment system
Trinidad and Tobago – The Public Transport Service Corporation (PTSC) has launched an online payment system… more
Saturday, 14 January 2023
MAJOR BREAKTHROUGH WITH QEH CYBER SECURITY INCIDENT
Barbados – Since the cyber security attack on 12th December 2022, an I.T. team led by MIST in collaboration with local and international experts, has been working to ensure that the requisite level of cyber security protection is in place, before systems are restored… more
Sunday, 15 January 2023
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Images credits: Annie Spratt (Unsplash); Logouk; Wikipedia; Wikimedia Commons; Wikipedia
