Fintech a focus for island’s London forums
A member of the Britain's House of Lords, who is focused on emerging technologies such as fintech, artificial intelligence and blockchain, will join David Burt on stage at a forum in London.
Lord Chris Holmes has been supportive of Bermuda's progress in fintech regulation when speaking on parliamentary group roundtables and in other national discussions.
He will join the Premier in a fireside chat on Tuesday at the Bermuda Executive Forum, one of two multi-industry events in London next week that have been organised by the Bermuda Business Development Agency.
Lord Holmes is vice-chairman of the parliamentary groups on assistive technology, fintech, artificial intelligence, blockchain and the fourth industrial revolution.
On Wednesday, Mr Burt will have a similar discussion with Brian Duperreault, chief executive officer of American International Group, at the Bermuda Fintech Forum. Both events are being held at the ME London hotel.
“The upcoming events give us an opportunity to meet with stakeholders in the London market and highlight the business benefits of Bermuda,” Mr Burt said. “It's a significant opportunity to promote Bermuda's value to overseas markets and investors and attract new business that can help grow our economy and create jobs.
“I look forward to dynamic discussions with both special guests, Mr Duperreault and Lord Holmes. We'll discuss Bermuda's synergies with London, the legacy and foundation our market affords both established companies and start-ups, as well as Bermuda's regulatory leadership and innovative culture, which pioneered a legislative framework around fintech this year.”
The Fintech Forum on Wednesday morning is followed in the afternoon by Beyond Convergence, a seminar focused on insurance-linked securities hosted by ILS Bermuda.
The full-day Bermuda Executive Forum is the fourth such BDA event, following multi-sector summits in London a year ago, and New York and Miami this year. Those events attracted between 200 and 300 industry professionals, and proved a catalyst for on-site meetings, new-business inquiries, and Bermuda incorporations, the BDA said.
Euan Davis, of the Centre for the Future of Work Europe at Cognizant Technology Solutions is the lunchtime keynote at Tuesday's forum, and will examine how work is changing as new technologies, business practices and workers emerge over the next decade.
Sean Moran, interim CEO of the BDA, said: “Not only do we have an expert line-up of speakers representing the full range of Bermuda's established industries, but we are equally pleased to highlight the emerging business we have begun to usher in. A lot has happened in the fintech space in 2018 and we intend to put the spotlight on those developments.
“Our forums provide us an excellent opportunity to encourage investment by demonstrating what makes Bermuda unique and sets us apart from other jurisdictions,” Moran added. “It's significant to come full circle and reconnect with London business leaders, while also reaching out to new companies and individuals looking to enter the Bermuda market.”
Some 50 senior industry representatives will join the Bermuda Government and regulatory leaders at next week's events to showcase the island. Ten presentations and panel discussions will highlight investment and business opportunities available in Bermuda.
Experts will cover Bermuda's industries, including re/insurance, asset management, high-net-worth services, family offices, long-term life & annuity insurance, captive insurance, bio-med, shipping, ILS, fintech and virtual assets business.
The Bermuda Tourism Authority will partner with the BDA on a networking reception that concludes the event.