All results / Stories
PM unveils vision for African financial links
THE Prime Minister yesterday unveiled his vision and road map for developing stronger financial ties with Africa via a plan that capitalises on The Bahamas’ long-standing strengths.
Central Bank releases bank fees comparison
A COMPARISON of bank fees has been released by Central Bank - showing costs across financial institutions, principally for transactions related to deposit accounts and the maintenance of credit services.
IDB: Bahamas Internet costs, speed miss mark
Broadband Internet costs and speeds represent potential barriers to The Bahamas embracing the digital economy and improved competitiveness, a multilateral lender has warned.
PM ‘explores’ GB diamond repository with Botswana
Grand Bahama’s Chamber of Commerce president yesterday said he was unsure what economic benefits will flow from the diamond repository proposal that the Prime Minister discussed with Botswana.
DEREK SMITH: The intersection of infosec and compliance
The saying “Trust is good, but control is better” is ever more pertinent as the digital frontier expands at an unprecedented rate, especially for financial institutions in developing countries. Yet, in the pursuit of compliance, we often overlook a critical point: compliance is more than just a regulatory requirement; it is a strategic asset that fosters innovation, trust, and growth.
Digital banking ‘easing pain’ in Family Islands
DIGITAL banking providers are easing the “pains and pressures” faced by unbanked and underbanked Family Islands, according to Jevon Butler, chief sales officer at Kanoo, said yesterday.
Nearly 300k applications not digitised at the Immigration Department causing excessive delays
THOUSANDS are still waiting to be processed by the Department of Immigration because their applications were not transferred to the department’s digital system, Immigration Minister Alfred Sears revealed in the House of Assembly yesterday.
FTX prosecutors push for tougher sentence
US prosecutors are exploiting the $426m transfer of digital assets to the safekeeping of Bahamian regulators to press for a harsher prison sentence for FTX founder Sam Bankman-Fried.
KEITH ROYE II: Blockchain emerges as security game changer
In the ever-evolving landscape of technology, one innovation has been making waves across industries, promising to transform the way we conduct business and secure our digital transactions. Blockchain, the groundbreaking technology behind crypto currencies such as Bitcoin, has emerged as a game changer with the potential to revolutionise business transactions and enhance cyber security.
Deltec’s terminations ‘to realign workforce’
DELTEC Bank & Trust last night confirmed it has moved “to realign its workforce” via a right-sizing which is said to have resulted in around 11 staff being terminated last week.
‘Desperate need’ to update Securities law
REGULATORS have argued that the main law governing the Bahamian capital markets’ regulatory regime needs to be modernised to account for 13 years of change.
Sand Dollar option for payroll at Kamalame Cay
PRIVATE island destination Kamalame Cay has turned to digital payments for part of its payroll.
50% fear or pay bribes for building and import permits
Fifty percent of Bahamian companies seeking construction and import-related permits say they have either been asked, or expect, to pay a bribe to obtain the required approvals, it has been revealed.
A.I.-driven solutions 'can improve our health care, reduce poverty, combat climate change, mitigate crime'
ARTIFICIAL Intelligence (AI) will be a tool the Bahamas Government plans to use in the future, according to Parliamentary Secretary of Economic Affairs Wayde Watson, who teased an app that is in development currently that utilises AI.
PM leads delegation from Bahamas to visit Botswana
FIVE members of the executive branch of government are joining Prime Minister Philip "Brave" Davis as part of a delegation visiting Botswana from today until Friday.
Former FTX chief Sam Bankman-Fried jailed for 25 years
Crypto entrepreneur Sam Bankman-Fried was sentenced on Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency.
Judge upholds ruling in Azario inquest
A SUPREME Court judge has upheld the Coroner Court's homicide by manslaughter finding in the case of Azario Major, dismissing a constitutional motion from the lawyer of the officers who killed Major outside Woody’s Bar on Fire Trial Road on December 26, 2021.
Straw Market vendors say credit card fees too high
STRAW Market vendors said trying to embrace credit card machines has had complicated results because of high bank fees and lack of free WiFi.
McPhee-McCuin proud to be named ESPN’s Coach of the Week
GRAND Bahama native Yolett “Coach Yo” McPhee-McCuin has undoubtedly moved the needle for the University of Mississippi (Ole Miss) Rebels women’s basketball programme.
New ideas are needed
ActivTrades
The New York Stock Exchange’s recorded losses at an overall high level last Friday. Data from the US industry sectors was poorly received by investors.
