Payroll tax consolidation is coming in 2026! Is your business prepared?

A single payroll tax deduction is coming in 2026. This might seem like a long time from now, but planning is crucial. Starting January 2026, this reform will include consolidating payroll taxes and statutory deductions into a single deduction. As a company implementing payroll services, here’s what you need to know about this new implementation. […]
Start the Year Right with Sustainable Solutions: Eco-Friendly and Low-Waste Nature of Digital Banking Solutions

It is a brand-new year – 2025, and the conversations around climate change and sustaining our planet continue. Environmental consciousness continues to intersect with technological advancement. As a fintech company for the future, it is therefore essential that we encourage alignment of financial practices with sustainable solutions. Digital banking, with its progressive tools, offers a […]
Banking beyond borders | Reaching the unbanked and underbanked

In today’s world, many remain unbanked, particularly in the Caribbean and Latin America. Traditional banking often overlooks these individuals, but fintech is changing that. A farmer in Jamaica can now secure a loan with a few taps on her smartphone, while a family in Trinidad receives remittances instantly. At Phoenix International, we are committed to bridging these gaps and empowering communities through innovative financial solutions. Join us in fostering financial inclusion for all!
Consistent experience builds trust

Take this as a testimony of hard work and commitment to our mission to be the catalyst for financial inclusion and fintech adoption in emerging markets globally. Our parent company, MC Systems, serves customers in 26 different countries while wearing the hat of being the only Caribbean-based technology company to offer a core banking platform. […]
Considerations for Credit Unions: Banking transformed
Credit unions are at a critical crossroads. Once admired for their community-focused approach, they are now part of a rapidly changing financial ecosystem dominated by digital-first fintech and traditional financial institutions seeking to modernise. To remain competitive, credit unions must embrace technology and reconsider their position in the future of banking and finance. Here are […]
The Fintech Blueprint for Success

The road to success is hardly ever linear, and there is no exception for any business line or industry, even finance. Apply that notion to today’s society with its fast-evolving digital landscape and the new generations of informed millennials and Gen-Z participants. This places financial institutions (Fis) in emerging markets, particularly in the Caribbean, under increasing […]
The New Wallet is Mobile!

In a world that is becoming increasingly digital, convenience is king. Gone are the days when people stuffed their wallets with cash, cards, and receipts. Instead, the new wallet is mobile, sitting comfortably on your smartphone. With just a tap, you can now make purchases, transfer money, or even pay bills without using traditional currency […]
Why the Future of Digital Doesn’t Include You: A Warning to Financial Institutions that Refuse to Adapt

No industry is immune to the changes brought about by the digital revolution; the financial services industry is no exception. Despite compelling evidence that digital transformation is necessary, many financial institutions remain rooted in archaic systems, reluctant to adopt new technologies. The impact of this resistance is glaring: the future of finance won’t include institutions […]
Three ways banks can avoid drowning in the fintech flood

There are profound changes taking place in the financial services sector. Fintechs are challenging traditional financial institutions (FIs), posing a threat to credit unions, microfinance institutions, trusts, building societies, and other institutional lenders. Failing to adapt to digital transformation could mean the end of many FIs. This blog post explores three solutions financial institutions can […]
Fintech Partnerships: A Collaboration for Success

Collaboration is frequently the determining factor in the financial technology (fintech) sector’s long-term success and innovation. Fintech collaborations have developed as an effective method for organizations seeking to expand their services, streamline processes, and create better customer experiences. In this blog article, we’ll examine the importance of fintech partnerships and their benefits. Join the future […]