Grand Cayman, Cayman Islands – 18 June 2024 – The Cayman Islands Bankers Association (CIBA) has announced its latest campaign aimed at highlighting the advantages of digital banking. In a collaborative effort, the six retail banks in the Cayman Islands are joining forces to empower individuals and businesses with the knowledge and tools needed to make the most of digital banking services.

“In today’s digital age, embracing digital banking is not just a convenience but a necessity for anyone looking to stay ahead in managing their finances effectively,” said Richard Lewis, Chief Operating Officer, CIBA. “Our campaign aims to empower individuals and businesses in the Cayman Islands with the knowledge and tools needed to make the most of digital banking services offered by our retail banking members.”

The public is encouraged to take advantage of digital banking services provided by retail banks in the Cayman Islands, such as mobile apps and online portals. These services offer a wide range of benefits, including:

• Convenience: Experience the freedom of managing finances from anywhere, at any time, without the need for in-person visits to the bank.
• Real-time Account Monitoring: Stay informed and proactive in managing money with tools for tracking transactions, monitoring spending patterns, and receiving customised alerts.
• Cashless Transactions: Enjoy the safety and convenience of cashless transactions, reducing the risks associated with carrying cash and frequent ATM visits.
• Elimination of Cheque Fraud: Avoid delays and risks associated with traditional cheques through instant transactions, enhanced security measures, and environmental sustainability.
• Efficiency for Small Businesses: Streamline operations with digital banking solutions, including payroll management, expense tracking, and income monitoring.

Individuals and businesses are encouraged to explore the benefits of digital banking via the CIBA website at https://cibankers.org/digital-banking/ and to reach out to their retail bank for guidance on utilising digital services effectively.

By embracing digital banking, individuals and businesses not only enhance their financial well-being but also contribute to a more secure and sustainable future.

For more information about the benefits of digital banking, visit www.cibankers.org.