Managers of Wealth Offshore

Oxbridge launches tokenised reinsurance offering on Solana blockchain

The reinsurance contracts are written on a 1:1 basis without leverage, and early or large participants may receive purchase discounts of up to 5%.

Cayman Islands set to embrace tokenized investment funds

As with private and mutual funds, the Cayman Islands Monetary Authority (CIMA) has regulatory oversight of tokenized funds and is empowered to inspect the underlying technology.

Rethinking Proof of Address in the Age of Digital Finance

The question is not whether the current approach to proof of address in the VASP sector is suboptimal it plainly is.

Clarity Has Been Named UK & Ireland M-Files Partner of the Year

This accolade recognises Clarity’s exceptional performance, strategic commitment, and unmatched client success in delivering M-Files solutions across the region.

Tokenised Funds: The Cayman Islands Cements Position at the Forefront of Financial Innovation

The regulatory clarity now provided by these amendments removes any perceived barriers to institutional adoption.

KPMG global tech report finds AI ambitions outpace returns

Although 74% of respondents said their AI use cases are delivering business value, only 24% reported achieving ROI across multiple use cases.

GFSC encouraging adoption of AI tools in finance industry

The use of artificial intelligence is being encouraged in the local financial services industry by its regulator.

NDB Bank and Visa launch Card Present Connect to transform POS acceptance in SL

For merchants, this translates into lower costs, faster onboarding, enhanced security and improved access to both local and international customers

Interim Governance Board to be established to enhance Digital Greenhouse services

These interim arrangements will allow us to progress at pace the vision and the plans of the Innovate Guernsey Board

BML and MINDCo partner to establish AI and Data Centre

BML noted that this partnership will further enhance the positive changes and advancements already occurring in the Maldives' financial and payment systems.

Bank backs government plan for an onchain economy

Stablecoins are like Circle’s USDC allow fast, low-cost, transactions pegged to the US dollar.

AI synthetic workers could expand Jersey workforce

Moretta disagreed with the idea that AI would take "people's jobs" if synthetic workers were introduced to the workplace.

Butterfield launches digital account opening

Jody Feldman, managing director of Butterfield in Bermuda, said: “Digital account opening is the latest example of how we are working to better our everyday banking experience."

AI is progressing fast and slow

It is therefore important to understand what is happening with the underlying technology.

Data protection body looking to shift perceptions

Data protection needs to shift from being considered a compliance burden to a positive responsibility that builds trust.

Cayman government launches ‘My eID’ digital identity card

Although My eID is a physical card, it includes a QR code and near-field communication (NFC) chip that allow it to be read by smartphones, computers and scanners.

Malta can position itself as an AI assurance hub for regulated industries

Malta slipped from 28th to 32nd place in the index, a movement which according to Dr Gauci, should be viewed less as a setback and more as an opportunity for targeted, execution-focused action.

BOV and Oracle collaborate to advance AI-first banking transformation

The collaboration is anchored on four pillars: governance and engagement, compliance and risk management, innovation and skills development, and performance excellence.

Read New Report on the Impact of Stablecoins

Institutional investors are the key force behind stablecoin growth

Saffery Trust: Digital assets are going mainstream in Cayman

This framework integrates digital assets into the established financial services environment while providing regulatory oversight.

FinTech