Managers of Wealth Offshore

Butterfield: AI boom exposes risks of betting big with borrowed money

The more interesting story, Butterfield said, was what happened beneath the headline figures.

A look at the BMA’s AI consultation paper

The vast majority of those laws are materially different from one another.

Xitus Re expands use of INTX Re software

The expanded deployment extends INTX as a common operating foundation across Xitus’s growing business, supporting the integration and administration of run-off portfolios

RYKI joins Cayman government in increasing digital financial crime defense

RYKI will also support the transfer and sharing of recovered assets between jurisdictions

High-risk data breaches fall in Guernsey

As has historically been the case, emails sent to incorrect recipients was again the most common type of breach reported

Virtual assets led Cayman Islands financial crime reports

They were responsible for 509 cases, or 33% of the total, followed by banks with 262 cases, or 17%, and investment funds with 160 cases, or 10%.

Eightpoint Technologies signs extension, solidifying Cayman as a tech hub

The offshore operation has been a big success and since establishing in Cayman Enterprise City in 2018, Eightpoint Technologies has developed a range of consumer-facing desktop and mobile applications.

Most managers now use AI to help decide layoffs, survey finds

Some managers allow AI to make layoff decisions without human review.

Customer data demand and hurricane recovery drove Digicel emissions higher

The company drew carbon inputs from every market to build a single inventory prepared in line with the GHG Protocol Corporate Standard.

Maltese-listed payments company secures deal with Brazilian fintech firm

It is listed on the Malta Stock Exchange.

Sure connects first Guernsey sites to new 5G network

Over the coming weeks, engineers will continue phased upgrades across Guernsey.

Jersey data protection complaints and inquiries rise in 2025

Unauthorised disclosure remained the most common type of self-reported breach

Cayman bankers explore opportunities and risks of agentic AI

A presentation on the topic was led by Jennifer Norris and Matthew Cassidy of Grant Thornton.

Oxbridge Re returns to profit as strategy expands to AI

The company’s latest strategy combines its existing SurancePlus platform with a new business called AI GridWorks.

Islanders warned of rise in phishing emails after cyber attack

The emails are designed to trick recipients into sharing sensitive information such as passwords, login credentials and financial details.

AI adoption growing rapidly in financial services, but execution remains key challenge

The survey also offers insight into the business implications of this transformation and the impact it is having on workforce, governance and risk management.

Caribbean risks missing agentic AI wave, regional initiative founder warns

Dash pointed to the underlying economic conditions that make delay costly.

Appleby Advises Blockchain.com on Its Successful Cayman VASP Licence

The project was led by partner Peter Colegate and counsel Marsha Williamson with support from the broader Technology & Innovation team.

The digital evolution of collateralised reinsurance

Traditional structures can rely on multiple intermediaries, involving banking arrangements and trustee processes, all of which can add administrative friction and lengthen settlement timelines.

AI Adoption Growing Rapidly in Financial Services, but Execution Remains the Key

“Organisations across our islands will need to overcome a distinct set of barriers to unlock its full potential, balancing innovation with regulatory expectations and limited local scale.”

FinTech