08/10/2023
Bermuda at the mercy of AI and cyber criminals, says expert
He predicted that AI will lead to more ransomware attacks and also more voice-activated scams.
FinTech
08/09/2023
Carey Olsen advises AI start-up Tractian on $55 million funding round
The round was led by US venture capital fund General Catalyst and comprised $45M in fresh capital and $10M in secondaries.
08/08/2023
Walkers advises on DeFiance open-ended crypto fund
The Walkers team also included Senior Counsel Sarah Townsend, Senior Associate Luke Steele and Associate Marco Carossa.
08/07/2023
Mobile wallet top-ups decline by just over $31 million
The regulator further noted that as a result, person-to-person (P2P) transactions contracted by 20.2 percent compared to the same period in 2022.
08/04/2023
Guernsey – a domicile at the leading edge of innovation
It’s about taking initiatives such as VASP (virtual asset service provider) regulations
08/01/2023
European Depositary Bank appointed by Aarna Capital to deliver Digital Banking solutions
Clients such as Aarna Capital can open multi-currency accounts and manage their day-to-day transactions, including global payments, FX requirements and cash management through automated money market sweeps from a single online dashboard.
08/01/2023
Sigma Group acquire Fultura to expand cyber security and network services
The acquisition merges the resources and skills of both companies and expands the services and products available
07/31/2023
Aarna Capital chooses EDB’s Digital Banking Solutions
Today’s announcement is the latest in a series of notable client wins for EDB, including appointment by Arab Bank for digital bank accounts.
07/31/2023
Guernsey’s Digital Greenhouse ‘Véyaon Awards’ are back for 2023
The awards are open to all sectors, including public and third sector.
07/31/2023
Guernsey businesses – get ready for a fine if you haven’t registered for data protection
Predicting and preventing harm by encouraging the responsible use of personal information is vital to achieve the best possible outcomes in our society.
07/28/2023
Isle of Man launches survey to review cash and digital payment usage
Results from the survey will also provide additional information on whether further provisions are required to ensure that there are cash and payment services available for residents.
07/28/2023
Digicel Business protects BVI businesses with secure mobile plans
The study also showed that 95% of cybersecurity breaches are caused by human error with 60% of people reusing old passwords thereby making themselves more vulnerable to an attack.
07/27/2023
Nabors reports $5m net profit in second quarter
The first quarter also included a $25 million, or $2.06 per diluted share, gain on the redemption of debt.
07/27/2023
Tech innovation financing alternative
Entrepreneurs and established corporations alike share the burden of having to find a constant flow of R&D investment to feed the hungry beast of innovation.
07/27/2023
Securities Commission of The Bahamas Relaunches Inaugural D3 FinTech Festival
The Securities Commission of The Bahamas today invites FinTech and Web3 builders to Nassau for the inaugural D3 Bahamas Festival – 10-12 October
07/26/2023
Electronic signatures in the Cayman Islands
The ETA provides that, subject to certain requirements, contracts will not be excluded from having full legal effect by virtue of their execution with an electronic signature.
07/26/2023
Bahamas payment platform is latest to offer crypto remittance
Cryptocurrency proponents have long cited their technology as the answer for money transfers in regions like Latin America.
07/25/2023
Bahamas Payment Platform Is Latest to Offer Crypto Remittance
But those efforts have failed to gain much traction as skepticism over digital assets remains and cash is still king.
07/24/2023
BOSVG offers new Online option for outgoing Wire Transfers
When this feature becomes available using the BOSVG App, you will be notified.
07/24/2023
People Power is an Important Part of the Future Fintech Mix
There’s no doubt though, that the direction of travel is towards greater automation, and that digital expertise will form an increasingly important part of our proposition as an international finance centre (IFC).