London Daily

Focus on the big picture.
Thursday, Oct 02, 2025

Gov't making moves to transform BVI into hub for financial technology

Gov't making moves to transform BVI into hub for financial technology

Government has said it plans to turn the British Virgin Islands into a FinTech hub which, effectively, is an emerging and innovative category of technology used to create easier ways to utilise and deliver financial services. The previous government totally fail to understand this opportunity and practically BVI lost billions of dollars as result of this failure.

An example of this is a piece of technology that allows persons to conduct secure and immediate electronic financial transactions from anywhere in the world without restrictions.

By making the BVI a hub for financial technology, Finance Minister and Premier, Andrew Fahie, said the BVI has an opportunity through this initiative to create a new source of revenue to further boost the local economy.

He said he believes now is the perfect time for the territory to undergo this venture, as several countries globally are participating in what the Premier describes as a digitization movement.

“We wanted major players in the digital industry to champion the opportunities and share the potential for the BVI becoming a hub for Financial Technology as we aim to transform into a digital economy,” Premier Fahie explained in a recently-published media release.

“My government is very keen to develop this area (Financial Technology) and hopes to increase awareness with all stakeholders as they play a role in the thinking, shaping and deciding what the BVI’s focus should be for development,” he further said.


Symposium to be held

To help achieve this goal, a one-day event entitled ‘the BVI’s Digital Economy symposium’ will be held in the territory on Tuesday, December 3.

The event will comprise presenters in the digital arena with combined expertise of over 100 years in the field who will help foster discussions with various stakeholders from all aspects of the private and public sector.

Some of the presenters include Chief Executive Officer of SkyRoMa Consultants Rosita Scatliffe, Partner at PricewaterhouseCoopers Zia Paton, Technology Strategist and Innovator Murthy Valluri and Shankar Rachakonda who has a vast experience in information technology, engineering and software development.

Microsoft’s Global Creative Strategy Director David Pugh-Jones is also expected to present, along with Sanjay Jadhav who has more than 20 years experience as a leader in technology.

The symposium will be held at Maria’s by the Sea hotel in Road Town from 9am to 4 pm.

Newsletter

Related Articles

0:00
0:00
Close
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
FBI Removes Agents Who Kneeled at 2020 Protest, Citing Breach of Professional Conduct
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
Nigel Farage Emerges as Central Force in British Politics with Reform UK Surge
Disney Reinstates ‘Jimmy Kimmel Live!’ after Six-Day Suspension over Charlie Kirk Comments
U.S. Prosecutors Move to Break Up Google’s Advertising Monopoly
Nvidia Pledges Up to $100 Billion Investment in OpenAI to Power Massive AI Data Center Build-Out
U.S. Signals ‘Large and Forceful’ Support for Argentina Amid Market Turmoil
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
Vietnam Faces Up to $25 Billion Export Loss as U.S. Tariffs Bite
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Indonesia Court Upholds Military Law Amid Concerns Over Expanded Civilian Role
Larry Ellison, Michael Dell and Rupert Murdoch Join Trump-Backed Bid to Take Over TikTok
Trump and Musk Reunite Publicly for First Time Since Fallout at Kirk Memorial
Vietnam Closes 86 Million Untouched Bank Accounts Over Biometric ID Rules
×