Roundup: for the week ending 20 October 2024
A roundup of the latest ICT/technology news from across the Caribbean region for the period Monday 14 October to Sunday 20 October 2024.
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Tag: Regulation
Roundup: for the week ending 25 August 2023
A roundup of the latest ICT/technology news from across the Caribbean region for the period Monday 19 August to Sunday 25 August 2023.
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Are commercial banks a friend or foe of CBDCs?
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
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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The Internet of Everything, and why it is way bigger than the Internet of Things
The concept of the Internet of Everything (IoE) stands at the forefront of innovation and has overtaken the Internet of Things (IoT) as a long-term vision. In this article, we discuss what IoE is, how it is different from IoT, and how we can prepare to capitalise on IoE.
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