Insight

Blockchain deal will reduce healthcare costs by millions

MAPay, a US firm with its headquarters in Hamilton, has signed up with fintech company Algorand to create a stablecoin and use its partner’s blockchain technology to process about $800 million in healthcare charges in Bermuda as well as improve efficiency around the world.

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Penrose spearheads tech summit

Global leaders in the technology field will convene in Bermuda next month for the third annual International Technology Summit. The March 7 to11 event is spearheaded by Penrose Partners, a Canadian and Bermudian blockchain advisory firm.

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Two Weeks Until BDA’s Fourth Annual Bermuda Tech

The Bermuda Tech Summit is presented by the BDA, in partnership with government’s Economic Development Department (EDD) and FinTech industry association, NEXT Bermuda.

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SDG Disrupter Summit Held In Bermuda

Bermuda Tech Week recently started off with an event that “weaved together a blend of sport, innovation, creativity and community.” A spokesperson said, “After a three year hiatus of in-person meetings, Bermuda Tech Week started off at an unlikely location that exemplified a shift towards community, culture, and social impact.

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Football clubs to consider hosting vertical farming

An idea to combine the Government’s emphasis on vertical farming with the future of Bermuda’s cash-strapped football clubs has been hailed by an international football legend. A 40-person thought leadership round table, hosted by the Bermuda Football Association, focused on the concept of establishing a network of small-scale vertical farms at local football clubs in Bermuda.

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Richards recognised by Savoy magazine

Recognised: the Savoy magazine coverage of Pauline Richards as one of the world’s most influential black corporate directors Pauline Richards has been named one of the world’s most influential black corporate directors by Savoy magazine. The US publication compiles an annual list of heavy hitters. Mrs Richards, the chief operating officer of

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Richards: Solvency II sets Bermuda apart

Reaching Solvency II equivalence with the European Union is a badge of honour for Bermuda that other offshore jurisdictions are unlikely to achieve. That view was expressed by Bob Richards, the finance minister, during an interview at the Risk and Insurance Management Society conference in San Diego, California, this week.

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Bermuda’s controversial new airport deal wins international award

Bermuda’s controversial contract to build a new airport terminal has won an international “deal of the year” award. The public-private partnership (PPP) contract was awarded 2017 North American Deal of the Year at a ceremony in New York organised by London-based IGlobal

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Accelerating the development of fintech

In 2018, Bermuda established world-class regulations governing digital asset business to help diversify the economy and embarked on a business development campaign around the world that was spearheaded by the Premier,

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BAM is a critical partner in success for MAPay as we explore opportunities and build relationships around the world. Kevin’s focus, due-diligence and expertise bring real time results and proven leadership, repeatedly. We are confident in BAM’s ability to drive outcomes to the next level.

Michael Dershem
Founder and CEO of MAPay

I personally could not have executed any of these steps of incorporating Fly Air International LTD and the Token’s compliance without the help from Bermuda Asset Management. They have effectively formatted our steps and also paired us up with the right entities to be successful. We are happy to be working with such a skilled professional team like BAM.

Stuart Bullard
Chairman & CEO of Fly Air Inc

BAM has proven to be a partner valuable to our success as we continue to explore new business opportunities created by a rapidly changing technological environment. They are incremental thinkers with deep knowledge that our team depends on. The BAM team are great at listening to our problems, providing solutions, and introducing us to key partners that can bring our ideas to fruition.

Edward Cespedes
Chairman and CEO of Verify My Signature