The BSP also strongly supports the passage of the GUIDE Bill which proposes measures to strengthen capacity of government financial institutions to provide financing to MSMEs and other strategically important companies. Let me now share some thoughts as to how the TMAP can contribute to our national efforts, especially in the crucial areas to our growth.
These were initially not developed specifically for the financial sector, but as I said earlier, the financial sector is not an island. So these technologies have increasingly become important for banks and insurance companies. We all know FitBits or AppleWatches that track our health data.