Local financial regulators need to stay abreast of developments in digital technology.
This is according to commerce minister, Donville Inniss as Barbados continues to explore the possibilities of merging the financial sector with the digital world.
He made the call during a financial technology or fin-tech seminar hosted by the Barbados International Business Association Friday morning.
Lamenting on the challenges faced by traditional institutions like the Central Bank, Minister Inniss says the time to take advantage of financial technology is now.
Meanwhile, president of BIBA Marlon Waldron believes Barbados has the capability to become a regional leader in financial technology.