It is therefore self-evident that new digital banking innovations will continue to emerge, and gain prominence in customer service delivery. I am glad that Standard Chartered Bank has recognized  this  trend  and  has  embedded  digitalization in its strategy as reflected by the continued implementation of innovative banking solutions.
On liquidity growth – The uptick in liquidity growth will only be for a short transition period, as banks adjust to operational refinements to the access to the BSP’s SDA facility. With banks rebalancing portfolios to take these changes into consideration, banks could be expected to more expeditiously and effectively channel the SDA funds to the productive sectors.