To deliver these outcomes, FEN is focused on shaping healthy financial attitudes from a  1/4  BIS - Central bankers' speeches  young age; increasing access to tools and resources to help individuals manage their finances; and working across the spectrum of society to help individuals attain financial security, through sound financial planning and by cultivating sensible financial habits. 7. Since its launch, FEN members and partners have been working with the government, business community, education sectors, and NGOs to achieve the desired outcomes in the National Strategy. A significant milestone has been the collaboration with the Ministry of Education to incorporate financial education modules into all levels of the formal education system. FEN has also developed the Financial Literacy Core Competency Framework for Malaysian Adults which serves to guide the design and delivery of financial education programmes that can effect lasting behavioural change. To date, FEN has undertaken about 700 financial education programmes and initiatives, with more than 60 million interactions through its various outreach programmes. 8. FEN aims to put financial knowledge, tools and resources in the hands of as many people as we can across the country. And technology has been a powerful enabler for us to achieve this. At the same time, we continue to undertake more targeted efforts to support individuals and groups facing particular challenges, or who are experiencing circumstances that could make them more financially vulnerable. This includes rural communities, the youth, gig workers and lower-income households.

Combatting fraud is a high priority for the Bank, and we will continue to work with the financial industry, Government agencies and law enforcement authorities to further improve banking and payment fraud incident response and recovery actions. Alongside these efforts, increasing digital and financial literacy will be extremely important to build and preserve confidence in the use of digital financial services. Learning how to use digital financial services safely is just one dimension. An important goal of improving digital financial literacy is also to help individuals make better use of digital financial services to improve their financial well-being. With an explosion of digital tools that can help individuals plan and manage their finances better, a much wider range of financial solutions, and easier access to financial advice - financial literacy, including digital financial literacy, is critical to help individuals navigate the complexity that comes with more choice. Faced with the same set of choices, individuals armed with the knowledge and skills to make good choices and good use of facilities available to them could significantly improve their standard of living, while others who make poor financial choices could be plunged into personal financial hardship. 15. The Financial Literacy Month this year aims to amplify the importance of digital financial literacy in helping Malaysians build financial resilience, and enable them to participate fully in the digital economy with confidence. Our efforts should reduce the digital divide, expand accessibility, and strengthen individual skills to manage money wisely. 16.