Recommendations for fintech sector development and leveraging of artificial intelligence and blockchain technology in Aruba

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2025/46
cepal.docTypeDocumentos de proyectos e investigaciĆ³n
cepal.jobNumberS2500303_en
cepal.projectJoint Project of ECLAC and the Ministry of Economic Affairs, Communications and Sustainable Development of Aruba
cepal.topicEngSUSTAINABLE DEVELOPMENT
cepal.topicEngINFORMATION AND COMMUNICATIONS TECHNOLOGIES (ICTS)
cepal.topicEngINNOVATION, SCIENCE AND TECHNOLOGY
cepal.topicEngARTIFICIAL INTELLIGENCE
cepal.topicSpaDESARROLLO SOSTENIBLE
cepal.topicSpaTECNOLOGƍAS DE LA INFORMACIƓN Y LAS COMUNICACIONES (TIC)
cepal.topicSpaINNOVACIƓN, CIENCIA Y TECNOLOGƍA
cepal.topicSpaINTELIGENCIA ARTIFICIAL
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONƓMICO
dc.contributor.authorAlexander, Dale
dc.contributor.authorPrescod, Kwesi
dc.contributor.institutionAruba. Ministry of Economic Affairs, Communications and Sustainable Development
dc.coverage.spatialEngARUBA
dc.coverage.spatialSpaARUBA
dc.date.accessioned2025-07-21T15:38:03Z
dc.date.available2025-07-21T15:38:03Z
dc.date.issued2025-07-21
dc.description.abstractThis 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 CuraƧao, 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 market size and regulatory gaps in ICT. The report advocates regulatory modernization, including comprehensive telecommunications sector liberalization, the establishment of regulatory sandboxes and targeted government interventions to support fintech development and encourage innovation. The report also emphasizes the importance of ethical artificial intelligence use and proposes a roadmap for implementing a central bank digital currency. Appendices provide a summary of necessary preconditions and recommended actions to accelerate fintech sector development in Aruba. Ultimately, the report underscores Aruba's potential to become a digital financial hub through collaboration between policymakers, industry stakeholders and international partners.
dc.description.tableOfContentsIntroduction .-- I. Current position in the regional and global context .-- II. Evaluation of current state against best practices .-- III. Strategic positioning of a fintech sector .-- IV. Discussions and recommendations.
dc.formatTexto
dc.format.extent66 pages
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/TS.2025/46
dc.identifier.unSymbolLC/CAR/TS.2025/6
dc.identifier.urihttps://hdl.handle.net/11362/82155
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placePort-of-Spain
dc.relation.isPartOfSeriesDocumentos de Proyectos
dc.subject.unbisEngTECHNOLOGICAL CHANGE
dc.subject.unbisEngTECHNOLOGICAL INNOVATIONS
dc.subject.unbisEngARTIFICIAL INTELLIGENCE
dc.subject.unbisEngDATA PROCESSING
dc.subject.unbisEngFINANCIAL SERVICES
dc.subject.unbisSpaCAMBIO TECNOLOGICO
dc.subject.unbisSpaINNOVACIONES TECNOLOGICAS
dc.subject.unbisSpaINTELIGENCIA ARTIFICIAL
dc.subject.unbisSpaPROCESAMIENTO DE DATOS
dc.subject.unbisSpaSERVICIOS FINANCIEROS
dc.titleRecommendations for fintech sector development and leveraging of artificial intelligence and blockchain technology in Aruba
dc.type.coarlibro
dc.usergrouppubweb
dspace.entity.typePublication
relation.isAuthorOfPublication56de15b8-2136-46b1-b4c4-66a92871a8a1
relation.isAuthorOfPublicationd535b651-794e-430e-a0da-1c918b7fb7c7
relation.isAuthorOfPublication.latestForDiscovery56de15b8-2136-46b1-b4c4-66a92871a8a1
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