Disruptive technology and competition from non-traditional financial service providers continue to test the durability of The Bahamas’ financial services sector, according to Chief Executive Officer of Deltec Bank & Trust Limited Odetta Morton, who contended that the key to the industry’s survival is efficiency, automation and innovation.
Morton said in a statement that Deltec is positioning itself this year to bring those three tenets to reality, starting with the “automation of controls within the onboarding and screening process to enhance our risk management framework”.
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