"Globalizing” financial services Moreover, FinTech has the potential to “globalize” basic financial services through enhancing “financial inclusion.” Not only in advanced economies but also in developing and emerging economies where financial services are not yet widespread, cellphones and smartphones are now spreading rapidly, and FinTech has opened up the possibility of providing basic financial services through these new instruments.
However, it is just the beginning. It would need to be nimble-footed and innovate continuously to meet the challenges  BIS central bankers’ speeches  5  emanating from a dynamic world. As I said before, such conferences serve as an important forum to exchange ideas.