It would help, of course, to know which direction this wave of digitalisation is sweeping us in. Will the financial industry become totally digital? Allow me to address this question. Digitalisation has created great expectations for the financial industry: using today’s IT can make the financial system much cheaper, much faster, more customised, more flexible and more efficient.
Amando M Tetangco, Jr: RBAP – sustaining reforms for an economically vibrant countryside Speech by Mr Amando M Tetangco, Jr, Governor of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas), at the inaugural dinner for the newly elected RBAP Officers and Board of Directors, Manila, 14 July 2009.