NCB Group enters fintech market

NCB Financial Group (NCBFG) has created a new fintech company, TFOB (2021) Limited, staffed with tech-savvy IT and data analytics professionals, to build out its newest project, the Lynk payment platform that will be a conduit for the bank’s participation in the pilot digital currency or CBDC pilot being undertaken by the Bank of Jamaica.

However, the new outfit and its Lynk platform are being positioned as much more than a vehicle for the CBDC closed market test among NCB staff and a few customers or even the digital currency’s eventual roll-out to the public.

TFOB, whose acronym stands for ‘the future of business’, is being led by Vernon James.

https://jamaica-gleaner.com/article/business/20211031/ncb-group-enters-fintech-market