Bermuda to host key fintech meeting
A two-day summit on financial technology scheduled to start tomorrow will bring officials from central banks around the world to Bermuda.
The delegation will include Arjoon Suddhoo, the Commonwealth Deputy Secretary-General.
John Rankin, the Governor, said last night he looked forward to discussions with Mr Suddhoo.
Mr Rankin added: “The Commonwealth can and does play an important role in best practice exchange and I hope that this workshop will play a positive role in fintech development in Bermuda.”
The Commonwealth organised the meetings, which will be held at the Elbow Beach Hotel, with the Bermuda Government.
Representatives from central banks in Africa, the Americas, Asia and Europe will attend the meeting.
A Commonwealth spokesman said that “leading” fintech experts would also attend to help build “robust fintech ecosystems in their countries”.
He added fintech had emerged as the fastest-growing area of the technology sector.
The meeting was set up to pool experience from a variety of Commonwealth countries to create model policies, legislation and regulation of fintech.
Mr Suddhoo, who will meet David Burt, the Premier, at the opening of the Hamilton conference, thanked the Government for its support.
The Mauritian added: “Some Commonwealth countries have excelled in the fintech industry.
“They have functional and technical experiences that can help other member countries leverage this innovation to maximise economic benefits.
“In order for this technology to thrive in all our member countries, this toolkit will be a valuable asset to help countries develop a conducive ecosystem, which not only makes a profit, but can also address poverty and economic isolation.”
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