CANTO and Caribbean Association of Banks Partner on Digital Financial Innovation
CANTO, the Caribbean ICT trade association, and the Caribbean Association of Banks (CAB) signed a Memorandum of Understanding on April 12, 2026, to collaborate on digital transformation and financial innovation across the Caribbean region. The partnership aims to bridge the telecommunications and banking sectors, focusing on digital financial inclusion, cybersecurity enhancement, banking system modernization, and digital infrastructure development. Key initiatives include joint training programs covering digital banking, artificial intelligence, cybersecurity, risk management, and regulatory updates.
The organizations will share information on fintech trends, cyber threats, payment innovations, and digital resilience. The collaboration specifically addresses challenges in cross-border payments, mobile financial services, and digital identity systems. CAB's Wendy Delmar emphasized the partnership's role in enabling secure innovation and delivering customer-focused financial services.
The agreement positions both organizations to drive a more connected and inclusive Caribbean economy through converged telecom-finance capabilities.
- Signals growing convergence of telecom and banking infrastructure in the Caribbean, potentially accelerating embedded finance adoption in underserved markets
- Could establish a regional framework for cross-border digital payments and identity systems, creating new BaaS opportunities for fintechs entering Caribbean markets