A roundup of the latest ICT/technology news from across the Caribbean region for the period Monday 16 January to Sunday 22 January 2023.
Monday, 16 January 2023
CANTO Launches Revolutionary eMarket Platform for Telecommunications and ICT Industry
Caribbean – CANTO, the premier trade association for the telecommunications and ICT industry in the Western Hemisphere, is proud to announce the launch of its revolutionary eMarket platform… more
T&T ICT students win study trip to Panama in Huawei Seeds of the Future
Trinidad and Tobago – Three University students from Trinidad and Tobago achieved top honours in the 7th local edition of the Huawei Seeds for the Future (SFTF) programme, which concluded on November 14, 2022… more
Tuesday, 17 January 2023
Deltec Bank explains parent company’s $50 mil. loan from FTX
Bahamas – Deltec Bank and Trust Limited released a statement yesterday confirming that its parent company, Deltec International Group (DIG), received a short-term loan from FTX. This was revealed yesterday in a Forbes article, which explained that the loan amount was $50 million… more
FTX’s Bahamas liquidators beaten to $143m by DOJ
Bahamas – Documents seen by Tribune Business reveal that Brian Simms KC, the Lennox Paton senior partner, and PricewaterhouseCoopers (PwC) accounting duo, Kevin Cambridge and Peter Greaves, just two days before Christmas sought the Delaware Bankruptcy Court’s approval to transfer funds held in the name of FTX Digital Markets to more “creditworthy” financial institutions… more
Digicel Business wins 2022 Cisco Software Partner of the Year Award
Caribbean – Over the years, Digicel Business has received a number of awards and widespread recognition through its partnership with Cisco, and most recently was named Cisco Software Partner of the Year for the Caribbean and Central America region… more
Retail dying but not dead
Trinidad and Tobago – ONLINE sales around the world soared throughout the pandemic. This led to some physical stores closing their doors, some indefinitely… more
Wednesday, 18 January 2023
Bahamas judiciary to accelerate modernisation of Court services
Bahamas – The Caribbean Agency for Justice Solutions (CAJS) and the Judiciary of the Bahamas are collaborating to revolutionize the administration of justice in the Commonwealth of The Bahamas… more
Bahamas saves 25% of FTX assets from ‘dumpster fire’
Bahamas – FTX’s implosion was yesterday branded a “dumpster fire” as it was revealed that 25 percent of recovered international digital assets are in the Bahamian Securities Commission’s safekeeping… more
FTX debtors discover ‘substantial shortfall’ of digital assets
Bahamas – The FTX debtors have concluded that there is a “substantial shortfall” of digital assets at FTX’s US and international exchanges, but adds that they have discovered about $5.5 billion of liquid assets, including $1.7 billion in cash, on the books of the collapsed cryptocurrency exchange, they said in a statement released yesterday… more
FTX debtors identify $426 million of digital assets transferred to cold storage by Securities Commission says
Bahamas – FTX Trading and its affiliated debtors revealed yesterday that they have identified $1.6 billion of digital assets associated with FTX.com of which $426 million was transferred to cold storage under the control of The Securities Commission of The Bahamas (SCB)… more
Securities Commission’s fintech festival postponed
Bahamas – The Securities Commission of The Bahamas (SCB) has postponed its first fintech festival, D3 Bahamas, with dates that were originally set for January 24-26 now “to be announced”, according to the festival’s website… more
‘We saved the day for FTX investors’
Bahamas – Addressing a forum in Washington, D.C., yesterday, Prime Minister Philip Davis defended Bahamian regulators and declared that the legislative regime The Bahamas has in place “saved the day” for investors into the now-collapsed Bahamas-based FTX cryptocurrency exchange… more
Blockstation and Jamaica Stock Exchange e-Campus Launch First Certified Digital Asset Training Course for Investors
Jamaica – The Jamaica Stock Exchange (JSE) e-Campus is deploying a new investor-focused certification course, developed by Blockstation, on blockchain technology and digital asset trading. The course is a key part of the JSE’s activities to prepare for the launch of its new Digital Asset Platform later this year… more
From a disrupted teen to a technology disrupter
Jamaica – IN recent days, news emerged that Nationwide News Network (NNN), a media entity, secured “significant investment” from the Amber Group, a tech firm that will see the media entity delving into new territory… more
Thursday, 19 January 2023
Bankman-Fried continues to assert FTX US is solvent
Bahamas – Sam Bankman-Fried, former chief executive officer of collapsed cryptocurrency exchange FTX, took to digital newsletter platform Substack.com on Tuesday in an attempt to debunk balance sheet figures put out by the FTX debtors overseeing FTX’s Chapter 11 bankruptcy proceedings. Bankman-Fried continued to assert that FTX US is a solvent company, and questioned why users have not been allowed to claim their investments… more
The urgency of digital transformation
Trinidad and Tobago – It is evident that the period of the covid19 pandemic of 2020-2022 has forced our local businesses to play catch up to many first-world trends. During the lockdown many ministries and businesses were forced to use more electronic platforms to make appointments, payments, place orders, tender and conduct meetings etc… more
Friday, 20 January 2023
Fintech firms forcing local banks to innovate, says Scotiabank VP
Bahamas – The growth of financial technology (fintech) companies is forcing local commercial banks to innovate, evolve and incorporate the latest financial services technology, Scotiabank Vice President and District Head for the Caribbean Roger Archer said yesterday… more
FTX: False statements were made to ‘diminish’ Bahamas
Bahamas – A former FTX senior attorney yesterday alleged that “false statements” were made in legal filings to “diminish” The Bahamas after the crypto exchange was advised this nation should be the main venue for its liquidation… more
Regulation woes dismissed as ‘nothing further from the truth’
Bahamas – A Bahamian attorney yesterday hit back against assertions that the country’s financial services sector is poorly regulated following FTX’s implosion, arguing: “Nothing could be further from the truth.”… more
Scotia: 95% gone online amid ‘lousy’ service claim
Bahamas – SCOTIABANK (Bahamas) will this year test mobile banking technology capable of serving all Family Islands, its top executive said yesterday, with 95 percent of customer transactions now conducted online or at ABMs… more
Scotiabank Bahamas eying fintech solution for the family islands says managing director
Bahamas – Scotiabank Bahamas’ top executive yesterday revealed that the commercial bank is hoping to this year pilot a fintech banking solution for the Family Islands… more
Scotiabank to allow personal accounts to be opened remotely
Bahamas – Scotiabank will soon allow personal bank accounts to be opened electronically and remotely… more
Saturday, 21 January 2023
Digital medical records on the horizon – Health Minister
Guyana – With some $84.9B budgeted for the Ministry of Health this year, subject Minister Dr. Frank Anthony disclosed that efforts will be made to amend the legislation to allow for medical records to be held digitally… more
Sunday, 22 January 2023
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