Banking
From The Report: Trinidad & Tobago 2017
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Following another positive year of continuing profitability and financial strength in the face of challenges related to a wider economic slowdown, in 2017 Trinidad and Tobago’s banking sector is poised to play a key role in supporting new growth. While the demand for credit has slowed somewhat in light of volatility in oil prices, liquidity in the banking system has remained high. Executives in the sector expect the economy to begin rebounding in late 2017 and into 2018. In the meantime, they are seeking to maintain a competitive edge and increase their readiness to deal with the increasing pace of technological change.

This chapter contains an interview with Anya Schnoor, Managing Director, Scotiabank; and President, Bankers Association of Trinidad and Tobago.

Articles from this Chapter

Interview

Clear path forward: Anya Schnoor, Managing Director, Scotiabank; and President, Bankers Association of Trinidad and Tobago, on embracing modernisation and managing demand imbalances
OBG
plus

Interview: Anya Schnoor In what ways can the banking sector encourage greater adoption of technology? ANYA SCHNOOR: T&T is still a cash and cheque focused society, and adoption of digital solutions remains relatively low. There has to be a real focus on the benefits that technology can bring to government services, whether it is improving efficiency, customer experience, or tax collection. Most banks have the capability to offer a full suite of e-commerce services but there needs to be an institutional…

Interview

Clear path forward: Anya Schnoor, Managing Director, Scotiabank; and President, Bankers Association of Trinidad and Tobago, on embracing modernisation and managing demand imbalances
OBG
plus

Interview: Anya Schnoor In what ways can the banking sector encourage greater adoption of technology? ANYA SCHNOOR: T&T is still a cash and cheque focused society, and adoption of digital solutions remains relatively low. There has to be a real focus on the benefits that technology can bring to government services, whether it is improving efficiency, customer experience, or tax collection. Most banks have the capability to offer a full suite of e-commerce services but there needs to be an institutional…

Analysis

Increasing access: Use of electronic payments may improve financial inclusion
OBG
plus

It has been widely argued that achieving greater financial inclusion – the delivery of financial services at affordable costs to lower-income segments of any given population – is an effective way of reducing poverty and promoting economic growth and development. The UN has suggested that financial inclusion objectives should include providing all households with a full range of financial services, including savings, deposits, money transfers, credit and insurance; ensuring financial…

Analysis

Increasing access: Use of electronic payments may improve financial inclusion
OBG
plus

It has been widely argued that achieving greater financial inclusion – the delivery of financial services at affordable costs to lower-income segments of any given population – is an effective way of reducing poverty and promoting economic growth and development. The UN has suggested that financial inclusion objectives should include providing all households with a full range of financial services, including savings, deposits, money transfers, credit and insurance; ensuring financial…