A1:

China Daily (USA) - - G20 2016 CHINA -

I be­lieve tech­nol­ogy will con­tinue to be a driv­ing force of in­no­va­tion in mul­ti­ple ways not only for the bank­ing in­dus­try, but across a range of in­dus­tries. Tech­nol­ogy en­ables a whole dif­fer­ent model of how goods and ser­vices are de­vel­oped, de­ployed and con­sumed. For bank­ing, fi­nan­cial tech­nol­ogy (Fin­tech) is de­vel­op­ing at an un­prece­dented pace. This is par­tic­u­larly true in China given the size of the dig­i­tal ecosys­tem. Driven by on­go­ing trends of dig­i­ti­za­tion, ur­ban­iza­tion and glob­al­iza­tion, banks, in­clud­ing Citi, are adapt­ing our strate­gies so that we can lever­age on the new­est tech­nol­ogy to con­tinue meet­ing our cus­tomers’ evolv­ing needs and pref­er­ences.

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