Barbados is poised to direct the Caribbean in building the platform for a new type of visitor; the extra-regional nomad of the scientific, technological frontier.
"I wish you all the joy that you can wish." William Shakespeare's "The Merchant of Venice." Act 3, Scene 2.
Banks, retailers and payment processors in the island are all vying to become the main gateway for you to make and receive payments on your cellphone.
I have made mention of the GDPR before, however we need to read further into the legislation to understand its civic importance and the importance of compliance.
The call to action from the ITU starkly highlights the regional need for a united, dedicated technological strategy in the face of multiple ICT phenomenons.
Having worked with intensely personal data for over ten years, I do not see these incidences as technology failures.
If nothing else, 2018 has proven that tech companies can no longer be trusted to self-regulate in the face of profits.
If ever there was a year to budget for technology, compliance and strategic assistance, 2018 is definitely it. Patching and privacy concerns can't wait.
With a combination of frankness, ingenuity, forethought and consideration, I believe that we can mitigate the differences and dangers facing the digital finance field, thereby unlocking great economic potential.
There is a real sense in traditional finance circles that the technology companies introducing digital financial tools and services are not being scrutinised in a manner sufficient to temper fraudulent or criminal activity.
The institutions have even shown a reluctance to handle funds, both macro-economically as is evident by the devastating correspondent banks’ de-risking exercise and micro-economically, where local banks have implemented or raised fees to manage accounts.
While both public and private sectors may have taken advantage of technology to automate, reduce and otherwise optimise back-office operations, neither governments nor Caribbean financiers have spent as much time addressing changes in consumer needs and desires.