Category: CBDC

Central Bank authorizes two companies to issue electronic money in Trinidad and Tobago 🇹🇹

posted by Category: Anti-Money Laundering, CAB, CBDC, News 0 Comment

The Central Bank of Trinidad and Tobago (CBTT) says it has issued provisional registrations to two additional companies, including the Telecommunication Services of Trinidad and Tobago (TSTT) as electronic money (e-money) issuers. The CBTT said the provisional registration, which has also been given to PESH Money Limited (PESH), cover an initial six-month period and authorizes the two companies to issue e-money from March 1, 2023. “Under the terms of the registrations, both companies will be allowed to enlist new customers…

Dr Jide Lewis appointed deputy governor at the Bank of Jamaica 🇯🇲

posted by Category: CAB, CBDC, General, News, Uncategorized 0 Comment

Career central banker Dr. Jide Lewis has been appointed to the position of Deputy Governor, Financial Institutions Supervisory Division and as Deputy Supervisor of Banks, Financial Holding Companies, and Other Specified Financial Institutions (“Deputy Supervisor”) of the Bank of Jamaica, with effect from 16 June 2022. In this capacity, he will have responsibility for ensuring the relevance and adequacy of the legislative and regulatory framework and operational infrastructure to satisfy the statutory and supervisory responsibilities necessary to support the Bank’s financial system stability…

ECCB Wins International Award for Polymer Notes

posted by Category: CAB, CBDC, News 0 Comment

The Eastern Caribbean Central Bank (ECCB) has won the Reconnaissance International Regional New Banknote Series Award for its family of EC Polymer Notes. The prestigious award recognises newly introduced banknotes and ID documents that exemplify superior technical sophistication and excellence in design and security. In his virtual acceptance speech, Acting Director in the ECCB’s Currency Management Department, Norman Sabaroche, thanked Reconnaissance International for the award, noting that it is a fitting accolade for the ECCB’s innovation of changing the substrate…

Caribbean Bankers Urged To Show Leadership

posted by Category: Anti-Money Laundering, CAB, CBDC, Correspondence Banking, COVID-19, FinTech, General, News 0 Comment

Saint Lucia, Tuesday, November 2nd, 2021: Nearly 150 Caribbean commercial bankers, private bankers, regulators, regional and international agencies, service and solution providers, and vendors convened online in recent days for CAB Conference 2021. For the first time, the Caribbean Association of Banks (CAB) Inc. organised the region’s foremost gathering for the financial services industry via a virtual fair, having met face-to-face in years prior. The event took place October 26-29, 2021. The theme of this year’s Conference – Beyond The Pandemic…

Work Advanced To Commence Pilot Implementation Of Jamaica CBDC In August

posted by Category: CBDC, FinTech, News, Uncategorized 0 Comment

Bank of Jamaica (BOJ) Governor, Richard Byles, says work is being finalised to commence pilot implementation of the proposed central bank digital currency (CBDC) locally, in August. Mr. Byles indicated that technical support for the CBDC’s rollout, among other inputs, are being reviewed to facilitate onboarding of the first financial institution – National Commercial Bank (NCB) – to test the system. The Governor said between September and December, the BOJ will look to onboard more banks, adding that “we will…

Bank of Jamaica Picks eCurrency Mint as CBDC Partner

posted by Category: CBDC, News 0 Comment

Saint Lucia, Friday, March 26th, 2021: The Bank of Jamaica (BOJ) is advancing plans to roll out digital currency, with the announcement on Wednesday (23 March) that the BOJ has selected an Ireland-based company as its technology partner. According to a release from the bank: “BOJ is pleased to announce that after an extensive procurement process, the technology provider chosen to support BOJ in testing a central bank digital currency (CBDC) solution in the Bank’s Fintech Regulatory Sandbox for a…