The Dominican Institute of Telecommunications and the Superintendency of Securities have signed an agreement to promote trusted electronic services and enhance security in financial operations.
The Dominican Institute of Telecommunications (Indotel) and the Superintendency of Securities (SIMV) have entered into a collaboration agreement to boost the use of trusted electronic services in the digital financial ecosystem of the Dominican Republic. The aim is to strengthen security, transparency, and innovation in the stock market, as reported by both entities.
Collaboration to strengthen legal security
The agreement was signed by the president of the Indotel Board of Directors, Guido Gómez Mazara, and the superintendent of the Securities Market, Ernesto Bournigal Read. Both agreed that inter-institutional cooperation is key to modernising the financial sector.
Gómez Mazara highlighted that trust is one of the most important assets of any market. “With this agreement, we combine capabilities so that technological innovation advances alongside clear rules, greater legal security, and mechanisms that strengthen the credibility of digital services,” he stated.
For his part, Bournigal Read noted that the incorporation of trusted electronic services will strengthen the legal security of operations and help raise the standards of transparency and efficiency in the sector. “We value the collaboration between both institutions as a mechanism to promote digital solutions that enhance the trust of investors and citizens,” he added.
Commitments and concrete actions
As part of the agreement, Indotel will provide technical and legal advice to the SIMV to implement and use trusted electronic services. It will also support the organisation of workshops and conferences on these tools. Additionally, both institutions will exchange information to support the development of technologies aimed at preventing fraud and strengthening transparency.
The SIMV, for its part, will promote the use of these services in the stock market, respond to requests for related statistics, and develop awareness campaigns to encourage their adoption among sector participants.
The alliance will enable the development of joint initiatives aimed at strengthening digital governance, promoting interoperability between supervisory systems, fostering regulatory innovation, and enhancing cooperation in cybersecurity, data protection, and technological incident management.
Impact for investors and citizens
For investors and participants in the Dominican stock market, this agreement represents a step towards a safer and more reliable environment. The implementation of trusted electronic services, such as digital signatures or enhanced authentication, will reduce fraud risks and streamline processes. Citizens, for their part, will benefit from a more protected digital ecosystem, with standards aligned to best international practices.
Gómez Mazara emphasised that digitalisation is not just about incorporating technology, but about building institutions capable of collaborating to provide more efficient responses. “Protecting citizens against the new challenges of the digital environment is a priority,” he said.
The agreement consolidates a collaborative space that, according to the entities, will contribute to a safer, more transparent, and efficient management of the Dominican stock market. The first workshops and planned awareness campaigns will be defined in the coming weeks.
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