“The Government will introduce a Bill that will create a FinTech Development Fund for the specific purpose of holding funds to be used to invest and train Bermudians in the disciplines needed to support a FinTech economy,” Premier David Burt said in the House of Assembly today [June 15]. The Premier mentioned the various MOUs that have been signed by the Government, and said “with this push to develop another pillar of Bermuda’s economy, this Government is determined to cultivate local and overseas investment as we develop this new industry.” “We promised to create an environment in which Bermudian businesses can thrive, opportunities for Bermudians can be created and in which capable, qualified Bermudians can benefit from opportunities to train, work and succeed at every level. “The Memoranda contain undertakings that will see the various partner companies invest significant sums of money to support the training of Bermudians in this area, and in one case, focusing on nurturing a proper pipeline for creating basic, intermediate and advanced software development engineers. “It is important that the Government is ready to receive these funds and to ensure that they are paid out in accordance with the terms of their investment. “I am… Read full this story
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