customer ( kyc ), we can enable businesses to access financing more efficiently, minimise duplication of effort and improve customer experience. we are committed to leveraging technology to transform banking operations. for instance, by enabling more direct access to commercial credit reference data through cdi, we can enhance the speed and accuracy of credit assessments conducted by banks, facilitate smoother trade financing, and support the growth of businesses across various sectors. the fourth element centres around digitising supply chain and manufacturing platforms while connecting these isolated digital networks. the digitisation of supply chain and manufacturing platforms is essential to optimise operations and drive productivity gains. by embracing technologies such as the internet of things, blockchain and artificial intelligence, we can create a seamless flow of information, goods and services across the entire value chain. we can also enhance visibility and traceability throughout the supply chain by integrating and connecting siloed digital networks. this will enable businesses to collaborate more effectively, reduce costs, improve inventory management and respond more swiftly to changing market conditions. to achieve this synergy, we are also exploring the possibility of connecting cdi with the supply chain 2 / 4 bis - central bankers'speeches platform developed by the fung group, hoping to further digitise trade and trade financing through the use of innovative technologies. finally, the fifth element that i would like to talk about focuses on exploring more advanced digital payment options. as digital trade continues to evolve, it is crucial to embrace innovative payment solutions. by exploring innovations such as programmable money and smart contracts, we can help businesses reduce transaction costs, mitigate risks, and develop new business models. programmable money can enable automated and secure transactions with preset conditions, while smart contracts can ensure trust, efficiency and transparency in transactions. at the hkma, we are actively exploring payment innovations such as central bank digital currencies at both wholesale and retail levels through project mbridge and project e - hkd. these advanced payment options have the potential to further enhance hong kong's competitiveness in the global marketplace. now that i have introduced all five elements in digitising trade and finance, it is important to note that they are not isolated, but rather interconnected and mutually reinforcing. at the hkma, we are working hard to connect these key components through cdi, with a focus on achieving interconnectivity and interoperability. digitalisation of government services and open government data provide the foundation for enhanced collaboration and more seamless

tier banking system. in these 25 years, the bank of albania has served to the country ’ s economic and financial development, supporting successfully the development of an efficient and stable financial system. it will continue to remain an institution with ambitious objectives in the field of european integration and approximation with the european central bank. today, it is undertaking a new challenge : opening to the public, not only to communicate clearly its primary objectives, but also to contribute to helping the public learn about the history of money, art and tradition that it represents. we will work hard, so that all the interested persons, whether in albania or abroad, will be able to learn about the history of banking, money and people that have dedicated their life and work to it. i am certain that very soon the museum of the bank of albania will be a place to visit the exhibition, and exchange opinions and ideas about banking and money concluding, i would like to thank you for your participation and contribution to the conference and wish success in these two days of the conference. thank you! 2 / 2 bis central bankers'speeches