But it is important to remember that exchange rates go both up and down, and you should not assume that, just because the kiwi dollar has fallen sharply over the last six to nine months it will stay down at these levels permanently. Indeed, if our economy prospers, we should expect to see a gradual appreciation of the exchange rate over the long-term.
However, while the use of financial technology has helped to enhance efficiency, allowing access to finance for the broader community, this has also brought about its fair share of risks and challenges. Aside of the wellknown cyber-security risks, we also have challenges relating to the implementation of AML/CFT requirements, relating to new technological innovations in payments and regulation.