12 We are working to build up the skills and competencies in needed in the new world of finance, starting with the curriculum in our tertiary educational institutions, work placement programmes, and extending through to mid-career retraining and life-long learning. 13 First, getting our students to be ready for FinTech. 14 MAS is working with the five local polytechnics to review and enhance their curricula, for example to develop skillsets in agile software development, mobile application development, cloud application deployment, and data analytics. 15 We are also working with the polytechnics to increase the number of FinTech internships and joint projects with the FinTech community so that students can apply their skills and gain hands-on experience. In October, we embarked on the “PolyFinTech 100” initiative to secure 100 FinTech mentors and 100 FinTech internships for 2017. I am pleased to announce that we have secured these targets in the short span of a month. More than 2,500 students in the banking and IT-related courses in the polytechnics each year are expected to benefit from these initiatives. 16 MAS is also partnering with the universities and polytechnics to expose students to perspectives from industry practitioners 2/4  BIS central bankers' speeches  Next year, we will launch the MAS Tech Talks, a series of talks by FinTech professionals to share about their experiences in the industry. This will give students to better understand job opportunities available in FinTech and define their career aspirations.
First, it requires the active involvement of many different stakeholders, in particular Government agencies and very often a variety of NGOs, as well as financial institutions with specialized skills and knowledge. Second, the state of economic and social development of a society is an  BIS Review 88/2010  1  important determinant on the level and quality of financial inclusion. Third, what constitutes acceptable level of inclusion, in terms of access to finance, protection of personal rights and liberties, or assurance of retirement and healthcare benefits varies from one jurisdiction to another. For the reasons that I mentioned, there is no uniform global benchmark that can be used as a successful model for financial inclusion programs. Success stories and experiences are dispersed and often go unrecorded and to further the cause we need to reveals this situation. The financial inclusion agenda requires a systematic and internationally-recognized set of financial inclusion indicators that is meaningful and capable of assisting us in formulating developmental policies. Furthermore, enormous efficiency gains from the availability of such indicators can both reduce the cost of research and implementation as well as increase the effectiveness of the delivery and execution of the policies. Lessons learned in using financial inclusion data in the Malaysian context Let me to briefly share some of the lessons we have learnt in terms of using data to improve the policy formulation process, and develop a more efficient and inclusive financial sector.