Mubarak Rashed Al Mansoori: "Blockchain & Financial Inclusion"

Opening remarks by H E Mubarak Rashed Al Mansoori, Governor of the Central Bank of the United Arab Emirates, at the Arab #FinTeX Symposium on "Blockchain & Financial Inclusion", Abu Dhabi, 10 December 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
10 December 2018

Honored guests, ladies and gentlemen, good morning, and welcome to this symposium on Blockchain and Financial Inclusion.

I think we can all agree that FinTech is radically changing the financial sector. Rapid advances in digital technology, from artificial intelligence, cryptography to distributed legder technology are already revolutionizing the way financial services are provided. This ranges from the (1) collection and processing of financial information, (2) the way saving and borrowing is executed, (3) the channels for payment of goods, and (4) money transfers between wallets and accounts, both domestically and across borders.