Tag: business

ICTP 312: Technology-related risk management, the increasing obsolescence of junior admin roles, technology in disaster preparedness

ICTP 312: Technology-related risk management, the increasing obsolescence of junior admin roles, technology in disaster preparedness

Posted by | 24 Jul 2024 |

In our July 2024 Community Chat, and with members of the Caribbean tech community, Tessa Drayton, a Brand Communication and Reputation Management Specialist based in Trinidad and Tobago, and Rodney Browne, the Founder of eCaribbean Limited in Saint Kitts and Nevis, the panel discusses: With increasing tech-related regulation, how can organisations better manage risk? In an age of technology and AI is the Admin Assistant role becoming obsolete? And, the role of technology in disaster preparedness, mitigation and response.

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Are commercial banks a friend or foe of CBDCs?

Are commercial banks a friend or foe of CBDCs?

Posted by | 19 Jul 2024 |

The introduction of a Central Bank Digital Currency (CBDC) is a complex issue with far-reaching implications for the financial industry, including commercial banks. In this article, we highlight an emerging situation in The Bahamas and explore whether commercial banks are catalysts for CBDC adoption or potential victims of that disruption.

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ICTP 311: Regtech, its broadening scope and potential for application in the Caribbean region, with Jennifer Potter

ICTP 311: Regtech, its broadening scope and potential for application in the Caribbean region, with Jennifer Potter

Posted by | 17 Jul 2024 |

Regulatory technology (or regtech) is expected to be worth over USD 87 billion by 2028, but it is an underdeveloped fintech segment in the Caribbean region. However, as regulatory oversight increases in areas such as cybersecurity and data protection, increasingly, regtech will not be limited to the banking and fintech sectors. Circling back to a 2022 episode, regtech expert, Jennifer Potter, gives us a primer on regtech, and discusses, among other things:  the other industries, besides banking and financial services, in which regtech can be applied;  how regtech can improve the customer experience regarding the Know-Your-Customer (KYC) rules and anti-money laundering (AML) compliance obligation; and key things organisations should consider before they decide to integrate regtech into their operations.

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