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Fostering human innovation key to digital transformation
In the ever-evolving landscape of digital transformation, it is easy to get swept up in the wave of technological advances. However, amid the algorithms and automation, the human element remains an integral factor for success. Building a culture of innovation is not just about implementing the latest technologies, but fostering a mindset that encourages creativity, adaptability and collaboration among the workforce.
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Sam Bankman-Fried ‘wants to be heard’ in FTX Bahamas wind-up
FTX’s founder says he “wishes to be heard” at today’s Supreme Court hearing on the winding-up petition intended to place the crypto exchange’s Bahamian subsidiary into full liquidation.
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FTX Bahamas wind-up ‘halted’ if no Ray deal
FTX’s Bahamas wind- up “would be halted” without a deal with their US adversary, its liquidators have revealed, as they seek an extension to the legally-mandated 90-day deadline to hold a first creditor meeting.
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Objection to Bahamas KC testifying for Sam Bankman-Fried
US prosecutors yesterday raised objections to a Bahamian KC testifying in defence of embattled FTX founder, Sam Bankman-Fried, over his meetings with local regulators as the crypto exchange imploded.
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Bahamas liquidators slam US FTX chief's 'underhand' tactics
FTX's Bahamian liquidators yesterday accused their US adversaries of employing "underhanded" tactics to seize control of all the crypto exchange's clients and assets - including those that fall under their winding-up process.
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Digital kiosks to boost Nassau security and visitor experience
Digital kiosks will be installed in downtown Nassau to boost security and help tourists better navigate Bay Street and the surrounding area, a government senator disclosed yesterday.
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Fintech can ‘help reach those without banking’
FINTECH can help “promote greater financial inclusion” and provide a banking solution for those without accounts in the region, said Prime Minister Philip “Brave” Davis yesterday.
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FTX Bahamas put into full liquidation
The Supreme Court has approved FTX’s Bahamian subsidiary being placed into full judicial-supervised liquidation on the basis that it is just and equitable to do so.
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FTX US chief feared $9bn Bahamas ‘risk’
FTX’s US chief has admitted he feared a “risk” that the crypto exchange’s Bahamian liquidators “could be awarded material” sums on their $9bn-plus claim if he failed to settle their dispute.
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FTX says ex-official got $1m bonus for permits
An attorney and “former Bahamian government official” was allegedly offered a $1m “bonus” to swiftly obtain the necessary licences so that FTX could move to this nation, it was asserted yesterday.
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Liquidators control 30% of FTX Bahamas cash
FTX’s Bahamian liquidators have to-date gained control of just 30 percent of the local subsidiary’s $255.2m cash assets despite locating fresh recoveries in Switzerland.
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Digital payments ‘a train that is not going to stop’
The Central Bank’s governor yesterday said he is aiming to “leapfrog The Bahamas to an even better digital payments state” as he warned: “This is a train that is not going to stop.”
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Show not spooked by FTX through DARE-ing reforms
Reforms to The Bahamas’ digital assets regulatory regime must send a “strong message” that this nation remains open to innovation and has not been spooked by FTX’s collapse, an industry entrepreneur urged yesterday.
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DEIDRE BASTIAN: Meet customers where they live
Marketing is no longer about making endless calls, or shaking hands while exchanging business cards.
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Digital payments double to $4.5m for November
BAHAMIAN digital payments transactions doubled in value to $4.5m for November 2023, the Central Bank disclosed yesterday, with mobile wallet holders increasing by 20 percent over the year’s first 11 months.
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Three groups eyeing BISX digital assets partnership
The Bahamas International Securities Exchange’s (BISX) chief executive says he is keen to avoid any “let down” with three separate groups “expressing significant interest” in partnering with it to develop a digital assets arm.
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Bahamians were more interested in ‘socialising’ than digital training
Bahamians were initially more interested in socialising than learning new technology-related skills deemed vital to prospering in the 21st century’s digital-driven economy, a report has revealed.
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FTX consumes 21% of Commission costs
FTX’s implosion consumed 21 percent of the Securities Commission’s near-$15m operating expenses last year as it raced to preserve client assets and tackle the legal and regulatory fall-out.
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Cross-border payments with digital currency ‘next step’
USING digital currency to settle cross-border payments is a “natural progression”, according to Dr Allan Wright, manager at the Central Bank of The Bahamas.
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Bahamas ‘leading from front’ on digital assets
The Attorney General yesterday argued The Bahamas is “leading from the front” on digital assets regulation as he sought to portray the jurisdiction as the ideal domicile for industry providers.
