RSSCategory: technology

RA: ‘Smart Meters In Bermuda Considered Safe’

RA: ‘Smart Meters In Bermuda Considered Safe’

The Regulatory Authority of Bermuda released the findings of its independent assessment of BELCO smart meters, saying that the “test results show that smart meters used in Bermuda are considered safe for general population.” “The Authority tested radio frequency [RF] radiation emissions against the standards for Maximum Permissible... Read more of this article

Bill To Create Insurance Regulatory Sandbox

Bill To Create Insurance Regulatory Sandbox

The Insurance Amendment Act 2018 will be tabled in the House today [June 22] Premier David Burt said, explaining that the aim is to create an “Insurance Regulatory Sandbox which will further position Bermuda to maintain its status as a leading centre for insurance innovation.” “Technology-enabled innovations in the insurance industry... Read more of this article

One Of Most ‘Instagrammed’ Beaches In World

One Of Most ‘Instagrammed’ Beaches In World

Bermuda’s Horseshoe Bay Beach is the third most Instagrammed beach in the world according to TravelSupermarket, with visitors and locals using the #HorseshoeBay hashtag on the social network more than 90,000 times.The website said, “Whether you’re seeking sunny solitude or heading Down Under to surf the waves, this collection of dreamy... Read more of this article

10 Videos: Bermuda On Blockchain Conference

10 Videos: Bermuda On Blockchain Conference

Xceedance, a global provider of insurance consulting, managed services, technology, and data sciences, and ChainThat, a pioneer in blockchain technology for the re/insurance industry, co-hosted an insurance blockchain symposium on Thursday, June 7 at the Bermuda Underwater Exploration Institute [BUEI] in Hamilton. The Bermuda on Blockchain event was... Read more of this article

Nearly 100 Computers Donated To Local Schools

Nearly 100 Computers Donated To Local Schools

Athene Life Re Ltd., a subsidiary of Athene Holding Ltd., has donated nearly 100 laptops to 18 public schools through an initiative called “Computers for a Better Education.” The laptops are scheduled to be sent to eight primary schools and 10 preschools. Isaiah Furbert, Denali Hill, Michelle Scott Outerbridge [Athene], Chip Gillis [Athene], Tanya... Read more of this article

Bill To Create FinTech Development Fund

Bill To Create FinTech Development Fund

“The Government will introduce a Bill that will create a FinTech Development Fund for the specific purpose of holding funds to be used to invest and train Bermudians in the disciplines needed to support a FinTech economy,” Premier David Burt said in the House of Assembly today [June 15]. The Premier mentioned the various MOUs that have been... Read more of this article

Video: Premier David Burt On Fintech Plans

Video: Premier David Burt On Fintech Plans

The Digital Asset Business Act requires companies that are licensed in the fintech space to have a physical presence here in Bermuda, within the next two months we may begin to see more companies begin setting up, and the legislation being passed seeks to ensure that business done on our shores will be done with the highest standards. This was from... Read more of this article

EY Announces Blockchain Audit Technology

EY Announces Blockchain Audit Technology

EY has announced the pilot of the EY Blockchain Analyzer, a suite of blockchain audit technologies that enhances the ability to perform an in-depth review of cryptocurrency business transactions. A spokesperson said, “The proprietary technology is designed to support EY audit teams as they perform audits for companies using cryptocurrencies and... Read more of this article

Ministry: Interim Leased TV Channel Policy

Ministry: Interim Leased TV Channel Policy

The Ministry of Regulatory Affairs has issued the Leased Channel Policy consultation document, which states it will “permit independent producers of local content who lease cable channels from Cable Television Service Providers to insert local advertising.” A Government spokesperson said, “The public is advised that The Ministry of... Read more of this article

OBA: Questions About Recent FinTech MOUs

OBA: Questions About Recent FinTech MOUs

[Updated] “A succession of MOUs with cryptocurrency firms is starting to sound like the promises made by the PLP during the failed ‘platinum period’ when plans for new hotels failed to materialize,” the One Bermuda Alliance said today, adding they they will support initiatives designed to increase opportunities “but we need more... Read more of this article

Fintech MOUs: Binance, Omega, Shyft & Medici

Fintech MOUs: Binance, Omega, Shyft & Medici

During a recent sitting of the House of Assembly, Premier and Minister of Finance David Burt tabled four Memoranda of Understanding [MOU], with the MOUs with Binance, Omega One, Shyft Network and Medici Ventures detailing their plans for fintech development in Bermuda now  available online. The Government is aiming to attract fintech business, with... Read more of this article

Minister Updates On Cybersecurity Strategy

Minister Updates On Cybersecurity Strategy

As a “solid cybersecurity strategy is meant to underpin the country’s strides forward,” the Government is “working to ensure that all stakeholders who wish to be involved in this Island-wide effort have their say” so a “consultation survey will therefore be put out for public consideration.” This was from Minister... Read more of this article

Premier Signs Another Fintech Related MOU

Premier Signs Another Fintech Related MOU

The Premier signed an MOU today “establishing a strategic partnership with interests from the Republic of Korea”, with the MOU involving B-Seed Partners, FinHigh Capital and B.F.S. Holdings as partners in a new Bermuda venture, Bermuda FinTech Accelerator which “could lead to a potential investment of up to $10 million.” This... Read more of this article