WEBVTT

00:00:00.200 --> 00:00:01.680
We're very excited

00:00:01.680 --> 00:00:04.360
to be here at the GFF this year.

00:00:04.360 --> 00:00:08.560
I think this is really the right time
to talk about spearheading solutions

00:00:08.720 --> 00:00:13.440
to overcome financial services
challenges together as an ecosystem.

00:00:13.520 --> 00:00:18.120
I think coming out of the pandemic
and a lot of macroeconomic challenges

00:00:18.200 --> 00:00:21.840
may be any parts of the real sector
economy are actually disrupted.

00:00:21.920 --> 00:00:24.680
If I think about SME as an example,

00:00:24.680 --> 00:00:27.800
many are now thinking about
how to build a digital business

00:00:27.800 --> 00:00:30.800
model and reach their customers
through digital means.

00:00:30.920 --> 00:00:34.200
And this gives rise to new needs,
such as financing,

00:00:34.280 --> 00:00:36.960
but also capability build

00:00:36.960 --> 00:00:39.960
to think about,
you know, digitization of their business

00:00:40.120 --> 00:00:44.080
and also building new digital channels
to reach their customers.

00:00:44.160 --> 00:00:47.920
And in order to do that, they need support
from the financial system

00:00:48.000 --> 00:00:49.480
being informal financing.

00:00:49.480 --> 00:00:51.720
But in terms of also

00:00:51.800 --> 00:00:53.160
helping them set up their

00:00:53.160 --> 00:00:56.880
digital capability
required to win in a new front.

00:00:56.960 --> 00:01:00.480
And really, this is really where I think
financial institutions,

00:01:00.560 --> 00:01:03.400
fintech, other technical system
and regulators

00:01:03.400 --> 00:01:06.640
can go a long way
if we are able to work together.

00:01:06.720 --> 00:01:11.040
So really spearheading solutions
to address financial challenges

00:01:11.040 --> 00:01:16.960
today is the right theme to
discuss together this week at the GFF.