This is truly appropriate because we live in an era of technological disruption, what many are calling the 4th Industrial Revolution. Concepts that in our youth were unthought of, or at best relegated to the realm of science fiction, now not only exist, but are also commonplace. Terms such as artificial intelligence, Big Data, and blockchain are now a part of our vernacular.
Further, the degree of financialization is still low and total credit of banks and financial institutions stands at just 63 per cent of GDP. The financial sector strategy of the Nepal Rastra Bank has now been to consolidate the institutional expansion along with ensuring wider and better access to financial services.