Fintech is transforming the way we engage with traditional finance:
From credit and loans, to saving, transferring and spending money, fintech has birthed innovative new technologies to deliver the services in ways never before imagined. From blockchain, to virtual currencies and beyond, the world of finance is undergoing a major revolution.
The Bermuda Government understands the power and disruptive potential of this technology and has identified an opportunity to be a pioneer in this sphere. Bermuda is leveraging the island’s significant expertise in regulatory management and is a leader in the fintech space with cutting-edge Digital Asset legislation. The legislation creates a unique environment that prioritizes regulatory certainty, investor confidence and compliance with international Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. There are many benefits to the certainty and stability that this framework provides to the industry and this attracts the best-structured fintech companies to be a part of the Fintech Bermuda ecosystem.