. looking at the progress that we have made, application of fintech has facilitated a more inclusive and efficient wealth distribution through sadaqah and waqf by utilising digital analytics and interactive online platforms. for example, the development and applications of various digital donation platforms have facilitated cross - border investments and waqf contributions for various purposes. in malaysia, there is mywakaf initiative, a crowdfunding platform which aims to mobilise the waqf fund to support sectors of education, healthcare, as well as economic empowerment. more can be explored in this space. the use of data analytics and fintech tools can be further optimised to better analyse investors or contributors'preferences and behaviours, allowing them to opt for the best choice of outcomes. this increases the efficiency of wealth distribution and enable more effective islamic financial intermediation including via islamic social finance instruments. in the 2 / 5 bis - central bankers'speeches future, blockchain technology could also be optimised to enhance transparency, accountability, and trust in financial transactions. it can facilitate microfinance, support green sukuk issuance and trading, as well as improve efficiency in the utilisation and distribution of waqf, zakat and sadaqah, and even the csr money. secondly, use of fintech as enabler for islamic financial product and services innovation, particularly towards impact - driven financial solutions. for example, future adoption of smart contracts in islamic finance through distributed ledger technology ( dlt ) could help to enhance transparency and traceability which is vital in the sequencing - based execution of shariah contracts. these applications can help the islamic financial institutions to better manage risks of non - compliance in a cost - effective manner and therefore allowing greater focus to be directed towards other areas such as product innovation that can strengthen their competitiveness and resilience going forward. in the takaful space, digital takaful solution with seamless end - to - end customer experience can go a long way towards elevating consumer trust on the value of takaful protection. thirdly, fintech can enhance outreach and decision - making process for customers and investors seeking for shariah - compliant products. this will spur greater growth by enabling access to more clients to grow their wealth in a manner consistent with religious beliefs and values via a convenient and automated way. one example is the introduction of world's first shariah robo - advisory technology, and use

muhammad bin ibrahim : talent management – sustaining dynamic economic growth and development in malaysia keynote address by mr muhammad bin ibrahim, deputy governor of the central bank of malaysia ( bank negara malaysia ), at the hr knowledge bazaar, organised by the asian institute of chartered bankers, kuala lumpur, 22 april 2015. * * * thank you for giving me the opportunity to speak at this hr knowledge bazaar 2015, organised by the asian institute of chartered bankers ( aicb ). the theme chosen for this conference “ talent management 2020 for superior business performance ” is both timely and relevant in sustaining the dynamism of our economic growth and development. it rightly accords the recognition that talent management is the key factor in determining the health and prospect of a particular business. i will touch on a number of issues which to my mind have significance to the topics that the conference will deliberate. retaining top talent will be increasingly challenging as the economy expands, and demand for talent will come from many sectors. with the asean economy expected to grow steadily over the next decade following enhanced economic and financial integration, the competition for talent will intensify. for ready - made talent, in particular, the competition will be fierce and will be compounded by the fact that mobility for this group is high. while mobility presents an opportunity for career advancement at the individual level, at the macro level, it could potentially and adversely impact the economy, if not managed appropriately. so it is critical that we are able to devise a strategy that could continuously retain and develop talent. while the supply of talent is abundant, the supply of top talent is scarce. the so - called “ talent paradox ”, where we find ourselves with a large pool of talent in the market, but have difficulty in finding competent talent, particularly in the more specialised areas is a reality, requiring a solution. in the context of organisational learning and development, i wonder whether we have been effective in equipping our employees with the needed competencies or proficiencies in our learning interventions, where teaching approaches such as case studies, experiential learning and reflective practices are common pedagogies applied to strengthen our developmental curriculum. this i believe requires profound pondering. most of the problems we face in the 21st century, would likely require unique and creative solutions, especially if we want to position ourselves in that elite position where possessing the competitive edge is an imperative. matthew e may, the author of “ in pursuit of elegance ” wrote about “ design thinking ”,