Disruptions to the economic and financial landscape brought by innovation and technology are the new normal. These disruptions may aggravate inequalities among nations, putting inclusive growth in peril. Will we be able to cope and compete? With the earlier discussions, I believe we are convinced that we will.
In the Philippines, we nurture a regulatory environment that will foster innovation while ensuring risks are effectively managed. We continuously monitor FinTech developments. We espouse proportionate regulation, multi-stakeholder collaboration and consumer protection. We do this because we believe that the democratization of technology enables efficiencies.