Central Banking

Downsides of technology-driven financial system highlighted at AFI conference

Zeti Akhtar Aziz at Bank Negara Malaysia

Delivery of financial services to consumers is moving towards more cost-efficient channels that reduce the need for face-to-face contact, which could mean less effective advisory support for vulnerable groups, Bank Negara Malaysia (BNM) governor Zeti Akhtar Aziz said today in her welcoming remarks at the 5th Alliance of Financial Inclusion (AFI) Policy Global Forum in Kuala Lumpur, Malaysia.

"While the wider adoption of electronic channels has enormous potential to increase financial inclusion,

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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