Emmanuel Tumusiime-Mutebile: Bend but don't break - how players in the financial services sector can thrive in the Era of the 4th Industrial Revolution

Opening remarks by Prof. Emmanuel Tumusiime-Mutebile, Governor of the Bank of Uganda, at the Annual Bankers' Conference 2021, Kampala, 27 July 2021.

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

Salutations

Good morning to you all. First, I want to thank the Leadership of Uganda Bankers Association (UBA) for inviting me to address and open this now very important Annual Event in the Ugandan Banker's Calendar – the Annual Bankers' Conference. It is indeed my pleasure and honour to give a few remarks at the 4th Annual Bankers Conference 2021. The theme of the conference: "Bend but not Break: How the Financial Sector Can Thrive in the Era of the 4th Industrial Revolution" could have not come at a better time than now. 

Distinguished participants, you are all aware that recourse to technological innovations worldwide has been critical in navigating through the hurdles conditioned on the financial sector by the Covid19 pandemic. Financial institutions have had to re-engineer their business models and adopt new and more efficient business operational frameworks in order to ensure not only the seamless accessibility of financial services, but also their continued sustainability.