A lead indicator is the sizeable expansion already underway in domestic bank lending to households and small and medium industrial and service enterprises which are poised to emerge as the new growth drives of financial sector activity.
To nurture this technology, we would, however, need to be alive to the new threats that it may introduce. Hence, we need to team up and collaborate, especially given the cross-border implications of many of these services. Furthermore, as the SARB, we are committed to ensuring that we make a concerted effort to understand technological changes in an effort to regulate smartly.