This makes it possible to adequately react to the challenges posed by new technologies. This is of importance in the financial industry, in particular, which is characterised by network effects. That said, one should not simply gloss over the challenges and weaknesses posed by the technology.
Such innovations have the potential to significantly change the global landscape of finance and economies. Thus, today I would like to talk about financial innovation, which is attracting attention around the world as "FinTech." I hope my remarks will serve as a bridge to the afternoon sessions.