Industry Insights
Discover fresh perspectives and ideas from our latest thinking.
Showing 1 to 10 of 62 posts.
European Central Bank – Public Consultation on a Digital Euro
The ECB launched a public consultation to obtain input from citizens and professionals on the potential economic and societal implications of issuing a digital euro. This input will be considered when deciding in mid-2021 if a digital euro project will be launched.
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Under New Bill, Nevada Tech Companies Could Form Local Governments
A bill proposing new "innovation zones" in Nevada would allow tech companies to create their own governments and neighbourhood communities in the state. This comes after COVID-19 has amplified the California mass exodus to places like Nevada, Texas and Colorado.
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How a Pandemic Changed the Way Consumers Think About FinTech
Mckinsey & Company recently conducted a series of surveys to measure the habits of financial decision makers within 30 different countries. These surveys were conducted to better understand how consumers identified with fintech during the COVID-19 pandemic.
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OCC Recognizes Decentralised Networks and Stablecoins as Payment Rails
The Office of the Comptroller of the Currency of the United States has announced that national banks and federal savings associations may participate in independent node verification networks and use stablecoins to perform bank-permissible functions. As a result, Cayman-based banks may be afforded the opportunity to access a new, open, global payment infrastructure system that is active and accessible today.
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Cartan Group Launches 360° Industry Monitor
After the successful development of our private funds transparency report, Cartan Group has expanded our data discovery algorithms to other Caribbean financial services industries; in addition to the Cayman Islands, this data includes the British Virgin Islands, Bermuda, and the Bahamas. We have developed a 360° Industry Monitor that is currently surfacing a subset of data being collected.
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The Foundational Principles and Core Features of Central Bank Digital Currencies
A group of central banks have joined forces with the Bank for International Settlements (BIS) to explore the general use for Central Bank Digital Currencies (CBDC). Most public policy objectives amongst central banks have remained unchanged for the last decade and by engaging in the exploration of CBDCs, these organizations are forced to innovate and evolve.
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How Business Leaders Can Prepare for the Next Era of Computing
The Spatial Web, also known as Web 3.0 is beginning to unfold and will slowly eliminate the boundary between physical objects and virtual content. Defined as “spatial” because the virtual information will exist in space and be integrated and inseparable from the remainder of the physical world.
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Celo Blockchain Platform to Add Bitcoin for Mobile Users
Celo has announced that they will join forces with tBTC, a Bitcoin-pegged token, to create a bridge between Bitcoin and the Celo platform. By adding Bitcoin, Celo is able to tap into the liquidity of Bitcoin and use it as collateral in the Celo stablecoin reserve, enhancing the longevity of the cryptocurrency economy.
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Practices to Build a Flexible Workforce as Outlined by Bain & Co.
COVID-19 has highlighted adjustments to the workplace including a permanent shift towards flexibility in the workforce. By implementing practices that will cultivate the benefits of flexibility, companies can create a model that is both efficient and sustainable.
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Central Bank Digital Currency - A Caribbean Aspect
As the global acceptance of Central Bank Digital Currency continues to increase, there are a few key contenders representing the Caribbean central banks. Some of the notable CBDC projects in this region include:
• Jamaica
• Bahamas