ONLINE BANKING ON THE INCREASE IN T&T
Electronic banking (eBanking) is a growing trend in Trinidad and Tobago (TT) and if banks are to remain competitive, they need to offer customers secure, reliable, easy-to-use online services. That’s the idea behind the RepublicMobile Application (App) from Republic Bank Limited (RBL), which is available for free download at Apple’s App Store, Google Play Store and on BlackBerry World.
The service offers customers the usual features, account balances, transaction history and eStatements as well as conduct transfers between personal and third party Republic Bank accounts, real time Credit Card payments and VTM (Visa Travel Money®) card loading and utility bill payments.
“We made use of the two-factor authentication system mandatory around September or October 2015 for all of our Internet banking customers, so that if your user name and password are compromised, you can use your matrix card when logging in.
This is a huge security feature because with the amount of malware (malicious software) that the public is exposed to online, fraudsters can capture your user name and password by loading software onto your system, often key logger programmes.” Wong said the Republic IDsecure card mitigates the risk of this by adding a very strong security process to authenticate who the user is.
THE CARIBBEAN EXPORT IS PARTNERING WITH THE WORLD BANK GROUP TO IMPROVE ACCESS TO FINANCE FOR CARIBBEAN ENTREPRENEURS
The new program, LINK-CARIBBEAN, aims to stimulate private investment into early-stage enterprises by providing funding products that help entrepreneurs raise capital. The program will also develop a Regional Angel Investor Network (RAIN Caribbean) which will support the development of an early-stage investment community in the Caribbean.
It is part of the World Bank Group’s Entrepreneurship Program for Innovation in the Caribbean (EPIC), a seven-year, CAD20 million program funded by the government of Canada that seeks to build a supportive ecosystem for high-growth and sustainable enterprises throughout the Caribbean. It will involve the provision of investment facilitation grants to entrepreneurs as well as non-funding activities to stimulate angel investing and support the development of deal-flow for early-stage investment.
EPIC’s Access to Finance component has already supported the establishment and development of the Caribbean’s first three angel groups, in Barbados and Jamaica. These angel groups have made investments in the areas of media technology, agricultural machinery, and mobile applications. They are also looking to further build their portfolios.
12TH CARIBBEAN INTERNET GOVERNANCE FORUM MEETS IN BELIZE
The Caribbean Internet Governance Forum (CIGF) is a regional, multi-stakeholder forum initiatedby the Caribbean Telecommunications Union and the Caribbean Community (CARICOM) Secretariat in 2005 to coordinate a regional approach to Internet Governance. The forum has since met annually and has delivered significant and pioneering benefits to the region as well as
to the global Internet community, contributing significantly to deepening the understanding of Caribbean stakeholders of Internet Governance issues, structures, processes and their implications for the region.
The 12th CIGF will focus on accelerating Internet development in the Caribbean. It will addressareas of high priority, including Cybersecurity, CcTLD Operations, Local Digital Content Development, Broadband Access and Affordability and Net Neutrality. It will focus on establishing national structures to support the work of the CIGF; continue the work of policy development and finalise the Regional Internet Governance Policy Framework (Issue 3.