拉丁美洲经济委员会-阿鲁巴金融科技行业发展和利用人工智能和区块链技术的建议（英）-2025_66页_1mb

ECLAC Recommendations for Fintech Sector Development in Aruba

Overview

This report provides a comprehensive assessment of Aruba's readiness for the development of a fintech sector, including artificial intelligence (AI) and distributed ledger technologies (DLT). It serves as a guide for policymakers to decide whether to pursue such development and includes detailed recommendations.

Current State Analysis

• Internet Connectivity: Aruba has high internet penetration but lacks data on download speeds and regulatory frameworks for network quality.
• Regulatory Environment: The country lacks a competitive telecommunications sector with monopolistic elements in fixed broadband. Additionally, deficiencies exist in cybersecurity legislation and data protection.
• Financial Sector: Financial access indices suggest opportunities for fintech services. However, regulatory frameworks for cryptocurrencies and cross-border payments are underdeveloped.

Recommendations

1. Telecommunications Sector Liberalization:
   • Address bottleneck infrastructure access and competition.
   • Streamline authorization regimes and number management.
2. Fintech Development:
   • Create a regulatory sandbox to foster innovation and reduce barriers for fintech companies.
   • Review and align financial regulations with international standards to lower over-regulation.
3. AI and DLT:
   • Establish ethical guidelines for AI use and privacy compliance.
   • Develop clear regulatory frameworks for central bank digital currency (CBDC).

Follow-Up Actions

• Establish a Cybercrime Centre of Excellence and data protection authority.
• Prioritize the creation of electronic ID systems and institutional mechanisms to support fintech growth.
• Encourage private sector investment in tech infrastructure and establish incentives for innovation hubs in fintech.