Bermuda College is “heavily involved” in discussions with the Government on financial technology education, the college president said yesterday.

Duranda Greene added that she and two other college staff were part of a task force set up to look at fintech training.

She said: “We’ve had individuals, organisations that offer training in fintech and training and development in fintech overseas; they have been to the island to meet with us.”

Dr Greene said that a request for proposal would be put out so training could be provided at the college’s Paget campus. She added: “We are very much involved in those discussions.”

Dr Greene said that some Bermudian students would be well-suited to careers in the fintech field.

She added: “I don’t think that it’s going to be the be all and end all for everyone.”

Dr Greene explained: “You’re going to have to have a certain level of computer skills or IT skills to get into that area.”

She said the school was looking at programmes that could cater to a “broad range” of students with different skills, including technical and compliance education.

Senators this week passed the Fintech Development Fund Act 2018 in the Upper Chamber.

The legislation created a fund to raise cash from partner companies to support education and training initiatives related to the field. Some of the money will also be used to pay for social services.

The Bill was passed without objection.