The Bankers Association of Trinidad &Tobago participated in the Financial Secretariat of the Tobago House of Assembly (THA) very timely Financial Education Breakfast Meeting on November 7 at the Magdalena Grand Beach & Golf Resort, Tobago during its Finance Education Week 2019.
The Financial Education Breakfast Meeting, which was first started in 2017, is an annual forum which seeks to educate and update consumers in Tobago on pertinent financial and economic developments that can affect their daily lives. The focus for this year’s Breakfast Meeting was on Mobile Banking and Payments Revolution.
One of BATT’s representatives, Avril Edwards, Assistant General Manager, Electronic Banking in the First Citizens Group, provided the audience with some insightful information on “New and Emerging Developments in Mobile Banking and Payments in Trinidad and Tobago.” The information was very useful because according to the THA, there is a continuous shift from traditional to digital banking in Trinidad & Tobago and given the influence of these technologies on everyday decision making, it is important that consumers understand the impacts, implications, opportunities and risks with these technological advances.
The second presentation was delivered by the Chair of BATT’s Inter Security Committee, Hayden De Four on “Financial Consumer Protection: Preventative Measures to Ensure Safe Banking and Payments.” This information was very critical and important for customers’ protection when engaging in online transactions. Participants were given key safety measures to implement when conducting online transactions.