Development in Grenada FinTech Environment


PWC FinTech Training

The FCS organised a capacity building session on FinTech which was facilitated by Mr. Henri Arslanian and Mr. Tom Huynh from PricewaterhouseCoopers (PwC) Hong Kong. The whole day training took place on the 5th December 2018 at the Savoy the Resort and Spa and was attended by all the stakeholders. The session covered the following topics:

  • Introduction to FinTech

    Participants at the training– Savoy Resort and Spa
  • Blockchain
  • Crypto Assets
  • Virtual Banking followed by a case study
  • TechFin
  • Payments
  • P2P
  • RegTech followed by a case study
  • InsurTech
  • Robo-Advisor followed by a case study

The training serves as a starting point to educate and enhance the knowledge of the FCS staff and the stakeholders on FinTech.

BitMEX in the Grenada

Participants at the BitMEX presentation

The individuals behind BitMEX, a wholly owned and operated company by HDR Global Trading Limited (a Grenada IBC), visited the Grenada during the week of 10th-14th December 2018. During their visit, Ms. Angelina Kwan BitMEX, Chief Operation Officer delivered a short session on what is Bitcoin and the mining of bitcoins, on the 14th December,2018, at STC Conference Room.

Further to the training session, Mr. Arthur Hayes the Co-founder and Chief Executive Officer of BitMEX signed a Memorandum of Understanding (MoU) with the FCS. The MoU will provide a framework that would allow for a strategic partnership and the fullest possible cooperation between the parties.