Our society remains divided and sometimes deprived of important financial services. Financial inclusion is an important consideration in this Digital Age. Shifts such as open banking and APIs may play a role in financial deepening. We look forward to hearing how innovation facilitators could be customised for our unique conditions.
Fintech is no doubt the consequence of disruptive innovation and as such will lead to the demise of many previously thriving businesses. It offers an immense opportunity to unlock efficiencies and reduce frictions, and could offer an important boost to our economy.