Session 2D: Fintech for the Future of Banking in the Caribbean [SDGs: 8 – Decent Work and Economic Growth, 9 – Industry, Innovation and Infrastructure]

July 10, 2024

1:00 pm – 2:30 pm

This panel explores the transformative role of financial technology (Fintech) in reshaping the banking landscape of the Caribbean. As the region navigates the rapidly evolving digital economy, this session aims to delve into how Fintech innovations are driving changes in traditional banking practices and offering new opportunities for financial inclusion and economic growth. The discussion brings together a diverse group of experts, including fintech entrepreneurs, banking executives, policymakers, and academic researchers, to examine the current state and future potential of Fintech in the Caribbean banking sector. Key topics include the adoption of emerging technologies such as blockchain, mobile payments, and digital currencies in banking operations. The panel will explore how these technologies can enhance customer experience, increase efficiency, and provide secure and accessible financial services. Additionally, the session will address the regulatory challenges and opportunities in fostering a supportive environment for Fintech growth, including discussions on compliance, data security, and consumer protection. The panel also aims to highlight the importance of financial literacy and education in maximizing the benefits of Fintech, particularly in terms of increasing access to banking services for underbanked and unbanked populations. By providing insights into the latest trends, challenges, and strategies, the panel seeks to outline a roadmap for the integration of Fintech into the Caribbean banking system, paving the way for a more inclusive, innovative, and resilient financial sector.