This report presents strategic recommendations for the development of Aruba's fintech sector with a focus on leveraging artificial intelligence and distributed ledger technologies. It evaluates Aruba's readiness in the information and communications technology (ICT) sector and the financial sector, comparing key indicators against counterparts in the region, including Curaçao, Jamaica, Trinidad and Tobago and the Kingdom of the Netherlands. The report highlights strenaths, such as stable democratic traditions, high education levels and a robust banking sector, and weaknesses, such as small mar…
This interim report assesses Aruba's potential to leverage fintech, distributed ledger technology and artificial intelligence, by examining the current state of digital regulation on the island. It provides an in-depth overview of the fintech regulatory environment in Aruba, assessing key legislative and institutional frameworks that support digital financial services. In particular, it reviews the regulatory frameworks related to telecommunications, banking, finance and competition management, highlighting the impact of these regulations on business sentiment and investment appetite.
Th…
The aim of this study is to consolidate the many sources of information on AI in the Caribbean, providing policymakers, academics and decision makers in the Caribbean AI space with a general overview of the AI landscape in the Caribbean, while making initial recommendations and suggesting areas for future research.
Given the pace at which the field of AI is developing, and how quickly AI tools have become generally available to the public, data and research on the impacts of AI and AI readiness are limited. This study is therefore not comprehensive in its assessment. As a desk study, the resea…