[Music]
[Music]
when Roberto asked me to speak a
little of the technology applied to the sector
financial this was the first image
that came to mind is the previous
was the horn of the national stock exchange
values on August 19 , 1976 42 ago
years when the stock exchange was founded
and all transactions were made
physically and in that circle you are going to
see two people at the top
those were the scorekeepers the scorekeepers
it was a very important job that they had
an eraser and a chalk and every time a
purse broker pujaba erased the
previous price of the board and put
with chalk the new price that was going to
make the transaction
physical picture ceased to exist does
many years it was replaced by an email
electronic that works and that operate it
rather but not all the rest of the
value chain of the stock market or the system
financial situation was replaced by
the same way until we get to the
2018 when we see an impedance
need to reform it from
transform them need that is given by
the great changes that are happening
Worldwide
changes that are generated because
there have been in the previous four years
fundamental inventions computers
who joined later with the internet
so that they could talk to each other
digital cameras that after we
they took to have videoconferences and
everything we know in the world of
video and the so-called phones
smart that really are a
computer much more powerful than the
first ibm pc that came out in the years
80
if with four inventions we get to where
we are today in 2018 with technology
and with the wonders that we do not stop
astonish those where we will arrive
when these other technologies are
begin to bear all their fruits we are going to
have not only digital printing on
which we are going to print the shirt without
pay taxes when we care about
image from the Chinese empire going
in our house we will have reality
increased with which we are going to have to
change a tire and if we do not know what
we are going to do putting our cell phone and
a video about the tire is going to
explain how the tire is changed we will
to have the conjunction of different
technologies like robotics and
artificial intelligence that they have
different origins but that when you
together they join and become a
exponential invention let’s have could
talk about each of them but for
example the ecommerce we take one that is
global and is going to join the internet
things million things are going to
connect to the internet and they will talk
each other when things start to
talk if we take a box of milk from
refrigerator the refrigerator I’m going to
call 21 and you’ll say it’s over
milk in the house and send us a
new box
which is going to come in a drone and we’re going
to deposit in the door of our house
and of course there is also the block
change that is the foundation and the mother
of all the changes that we’re going to see
now in the financial system the brooch
in is the technology on which
based on the script or coins and is based on
smart contracts and cameras
of compensation and everything we know
towards the familiarly in the domain
physical in the financial system now
well those trends do not end there
those trends continue to increase
notice that by the year 2020 there will be
50 billion objects attached to the
internet and we will have uploaded from 2015
of 2 billion people out of the 7
thousand that there are in the world to 5 billion
of people internet users those 3
a billion additional minds the
let’s see the commonly if I do not do anything
more like people are going to be inventing
things if two thousand already invented the guy
selu in the amazon on wikipedia all
caps that we have in these devices
where will we go when three thousand
millions of additional people follow
inventing things to facilitate the
life and to facilitate the world that
growth is occurring because there is a
moore’s law that makes you explain that
technology is divided the price each
18 months approximately between two to the
half and the capacity is doubled
technology costs half and we do the
double with that technology that’s going to do
that this gadget in 2029 has the
capacity of a human being will increase
your capacity a hundred times and it will come
here to give you talks this was going to be the
to replace us all good
news in our works while
we are going to be doing some
another thing because the cell phone is the one that goes
to direct companies and
organizations this rate of change so
accelerated we can only understand it if
we understand the difference between the change
linear and the exponential change the change
linear is when we move forward and we can give
steps of one meter thirty steps and
then we are in the coast post office
rich- 30 steps of a meter 30 meters of
distance
when we do the same 30 steps no longer
They will be a meter will be
exponential and it turns out that with the
same 30 steps we will have advanced
one billion meters which equals
to have turned 26 times to the
land instead of having come to do
in front where is the hanger that
exchange rate is given because
technologies are growing to that
speed but also because they are
combining with each other and when we understand
we understand that if we go to
digitize is the only option to follow
surviving versus staying like
we are in the physical domain and that we
run over evolution if we go to
digitize I would like to review some
basic concepts with all of you
first of all nobody said that outside
easy to digitize is going to be a process
expensive complex frustrating in that we
we are going to be wrong
permanently I already said it with the cardigan
both put the examples I call it from
movie that presentation because he
it serves to illustrate and to understand
better precisely the cost of the
experimentation let’s understand if we
let’s digitize
it’s not about having an app or a
website that already have
all but that’s not digitize if
to digitize is to replace the human being
when the human being is replaced
automate processes are digitized
when they digitize sites they materialize
then we are going to make investments or
bank loans without intermediaries
without involving human beings in that
process we’re going to have to understand that
we can not transform our companies
if we do not change the institutional culture
the culture is made for the world
physical then we have to start
from the top management from the
directors of the board of directors until
the middle controls and the more levels
low of the organization so that all
be ready to make the change
from the physical world to the digital world
we’re going to have to be passionate about the
customer culture and that’s what I refer to
the last comments that did cardigan
that she sees her passion
in precisely power and passionate with
understand what the
customers but to do that just like that
she said she’s going to have to be
experiencing and when we experience
to make mistakes when we commit
mistakes what is happening today in
the institutions that give us the
club at least the practice of
carrot and the club we have to
forget about the club and leave only the
carrot because the processes of
innovation there is experimentation and in the
experimentation processes we commit
errors and errors can not be
keep penalizing because then we go
to penalize the initiative of the
people to do those experiments
and finally there will be a reluctance
of all those who work in the
offices with papers and with the domain
physical in world as we know it today
saying in all possible ways
that digitization is not possible
that you can not get to you because
the cco because it is very expensive because
computers do not have the processors
because there is a lot of time
all possible excuses and maybe
then the only way to digitize and
change the mep by putting a small
month in a garage
and that once they have the
educational systems arrive systems
financial for the financial world that
be competitive then come and
they steal customers and take over
how would it possibly be seizing
course was from many of the courses
university students in the world
so if that is the process and we want
move from the physical to the digital we have
also that having patience to understand
that the physical world is not going to disappear
the overnight will disappear
faster than we think but it’s not going to
disappear from the overnight in
this graph that is a normal curve what
that tells us is that there is always the
tail of the curve a group of fevers that
are the ones who like technology are
those who line up 24 hours before they
come out the last apple the collector for
have them first and it does not matter if
it served if the pleasant days and the
nice download all the app
simply for the pleasure of having them
because they are passionate about technology
but just as there is that group from the other
side in the normal curve what will you see
it’s the skeptics who never go to
have the technology they will want to continue
going to the bank physical branch and what
they’re going to do not because they love that
necessarily but because they have
limitations the level of age or level
of education or because simply not
they wanted and we are going to be successful in the
process
digitization only when we can give
that jump of that 16% of fevers
initials and we’re really
sharing within the normal curve
inside the top of the curve with
that important percentage of
consumers that are really going to
use financial services from
a cell phone because they are really useful and
nice then in conclusion the
physical world and the digital world are going to
have to live for a while
we’re going to have to do both to the
we will not be able to choose in the short
term if we do one or we do the
others we are going to have to
transform us unless we move away from
zero with a start up and we do it
totally digital in the world that already
is happening that is an ecosystem of the
startups that are in fintech in the world
whole is drawn is already has
one year possibly today that sheet is
I would see a lot more dense with enough
more companies that group of companies are
doing what essentially has to
make a financial system are
getting into the intermediation and in the
payment systems all those who are
there
raps that are presented or develop a
loan market where the
money bidders and plaintiffs
money and they make loans to each other without
the regulation of a system of
financial supervision like the one
we know this other group
he also makes loans but those
Loans are from person to person and
then there is no market
simply one tells the other without
knowing is the same as asking for a über and
comes mario carlos or mariah to pick us up
Well, we’ll see him take out the various maria
that yes is always pay the
we paid next week and this one
group makes the whole payment system that
Today we know and I want to say to Rebecca
that when I do a focus group of
simple mobile that please call me
frustrated step of having to make a
simple mobile putting a comma saying
times the phone and a comma and that’s the
number those systems that are doing
in the world they are broadly friendly
they are easy to use they are nice to use
It makes us want to transfer money to
others then that’s what we ‘re
competing in the world
and finally this other part of the
blade are the platforms to make
investments and there are 22 boxes that such
once putting them to their top they do not see the
They are first investment platforms
replace stockbrokers
as we know ourselves today and in the part of
down are the robo advisors that
they replace an even more important part
what is it invested in
investment recommendations when
design the country and it says goes 40 per
hundred of shares he feels in debt
etcetera that recommendation makes it a
robot that makes purchasing decisions and
sale without a human being and
we are other companies that do
other non-essential parts of
functions of a financial system
that is in the world in costa rica also
We have our own fintech and coast
rich at least those two called me the
attention and you 15 them why present
the first one called the island is a
chat with artificial intelligence that
can answer questions that in that
example that was on the screen the
do on card systems
credit and then you write and the
artificial intelligence of a gadget
he answers and tells him what it is about or
how is it that you have to do the
management the second one is the one that I
I mean when I interviewed
and the payment system this is an app
designed by a Costa Rican who has
the cutie that he works in the sector
doctor and that I want to highlight because
the technologies not only go in a
back line
lapan from one industry to the other
industry then of a technology that
began to Paris medical system is
affecting the financial system in a
very competitive way very nice as
I would do it for example like apple did
when he was the one that detonated in the
competition and the market leader
telephone I assure you that none
telephone company five years before
apple had put as a threat to the
industry the computers like I do not think
that a bank has put as a
competitive threat that someone from
health sector come to solve life
and make it easier than we have
whom we are made in the sector
financial
said this then how do we imagine that
will be our financial system in the
next five years and there we have
the mind to fly everything we want
let’s have I imagine a light
the one that does not say but that I talked common
and to explain almost how you make it go
but as it happens it consists so that it
let’s say call me so-and-so and what
he says is the weather has such a temperature
but will really understand the voice
to understand the words I was going to be able to
answer us what we are
asking me I imagine it also with
an electronic signature that does not have its
devices and that you do not have to go to a bank
and all those complicated things if
these gadgets already read him in the face
one to unblock I know that they read to him
the iric of iris iris of the eye already
we have the digital signature and there is that side
I was already seeing how to regulate that
someone sign with the iris of the eye let’s go
to possibly have a crowdfunding
loan systems that are going to be a
important market share
maybe 50 percent we can believe
that is a lot but we are in the world
nonlinear exponential and then this goes
to grow much faster than it
we can imagine today we’re going to have the
vice robot
replacing us all the runners
of the stock market and we would be doing some
another thing after the robo adviser we’re going
to have payment systems that do not
they require a topping jones and I yo
I can make a transfer of a
cell phone
yes yes I can as long as I do not
I forgot to take the token because
it does not carry the token then it does not let me
do the transfer we are going to do
a union of the analytic world of the big
dating with artificial intelligence and
all the economists who are sitting
in our companies they will have a
competitor that will solve the
world and it’s going to be their job today
in day an economist with intelligence
artificial is worth 100 thousand dollars when
a company has five economists the
Social charges cost you more than one hundred
thousand dollars and that’s technology that
is available in the market we are going to
have an abundant use of crypto currencies
and if we have crypto currencies
those transfers that we make to
outside they will put the challenge to the lady
dew aguilar how will you charge the 15
percent of transfers to
outside if we did it in crypto currencies
we are going to surely have a system of
liquidation and compensation based on
block change like the one that already exists in
singapore today we’re going to have
phones with electronic branches in
each of our phones and we’re going to
put to doubt the national bank and the
bank of costa rica whose advantage
competitive was the chain of
distribution of what they are going to do
with 250 branches each when all
we have a branch in the stock exchange
our roads are going to have a
very significant reduction of cash
and electronic means of payment and making
all that we are dreaming is going to
bring to a grand finale the grand finale is
that we are going to have to charge
much less for what we do from the
same way that the
press in digital they lowered the rates and
then we are going to have to do it for
volume and if the volume is not at coast
rich that’s why it’s called
because we do it with everyone in the world
and well this dreaming is not a
new thing in 1962 they had already done it and
the jets are dreamed about what the
world within 100 years invented
many of the things that we really saw
in the future they painted the cameras of
tanned they made the clocks
smart they thought they were going to
exist digital media 56 years ago
they thought they also imagined they dreamed
flat screens when televisions
they were of this size they also thought of
that in the future and they will see bands
transporters where we were going to have
robots is the inhale robot that cleaned
the house for those who remember and now
have robots that already exist today
that they were going to have video games and they see the
image of that child is identical in both
the position the position of him as the
toy that has in front of what
nowadays we have in our
families in our homes when they are
playing with that they invented the
video calls and digital camera we said
that was one of the great changes in the
humanity invented the vehicles that
they fly alone and they are personal
only the jacksons were wrong in a
thing they imagined this for within 100
years from 1962 and we have it today
because they did not see that the world changed
exponentially and not linearly
so that it does not happen to us about the
jackson is that we see that the future
of the days then today and if we
we see that the future really came
because we’re going to believe that it only came in
the media in the media
of transport in video devices
in health because he will not be affected
also the financial system and if we see
that we understand then better than
ecosystem of financial startups and
is out there operating and if we understand
that there is that ecosystem we understand
also that all of us are a
ecosystem of the financial system
Costa Rican only that we act in the
physical domain and not in the domain
digital what follows now is to add your
über raise the transition system of the
system from the physical domain to the domain
digital is to do it together
collaborative economy in which everyone
we are contributing to the great transition
the financial system in which together
we can dream what the system will be like
financial after the many jets
Thank you
[Music]
when Roberto asked me to speak a
little of the technology applied to the sector
financial this was the first image
that came to mind is the previous
was the horn of the national stock exchange
values on August 19 , 1976 42 ago
years when the stock exchange was founded
and all transactions were made
physically and in that circle you are going to
see two people at the top
those were the scorekeepers the scorekeepers
it was a very important job that they had
an eraser and a chalk and every time a
purse broker pujaba erased the
previous price of the board and put
with chalk the new price that was going to
make the transaction
physical picture ceased to exist does
many years it was replaced by an email
electronic that works and that operate it
rather but not all the rest of the
value chain of the stock market or the system
financial situation was replaced by
the same way until we get to the
2018 when we see an impedance
need to reform it from
transform them need that is given by
the great changes that are happening
Worldwide
changes that are generated because
there have been in the previous four years
fundamental inventions computers
who joined later with the internet
so that they could talk to each other
digital cameras that after we
they took to have videoconferences and
everything we know in the world of
video and the so-called phones
smart that really are a
computer much more powerful than the
first ibm pc that came out in the years
80
if with four inventions we get to where
we are today in 2018 with technology
and with the wonders that we do not stop
astonish those where we will arrive
when these other technologies are
begin to bear all their fruits we are going to
have not only digital printing on
which we are going to print the shirt without
pay taxes when we care about
image from the Chinese empire going
in our house we will have reality
increased with which we are going to have to
change a tire and if we do not know what
we are going to do putting our cell phone and
a video about the tire is going to
explain how the tire is changed we will
to have the conjunction of different
technologies like robotics and
artificial intelligence that they have
different origins but that when you
together they join and become a
exponential invention let’s have could
talk about each of them but for
example the ecommerce we take one that is
global and is going to join the internet
things million things are going to
connect to the internet and they will talk
each other when things start to
talk if we take a box of milk from
refrigerator the refrigerator I’m going to
call 21 and you’ll say it’s over
milk in the house and send us a
new box
which is going to come in a drone and we’re going
to deposit in the door of our house
and of course there is also the block
change that is the foundation and the mother
of all the changes that we’re going to see
now in the financial system the brooch
in is the technology on which
based on the script or coins and is based on
smart contracts and cameras
of compensation and everything we know
towards the familiarly in the domain
physical in the financial system now
well those trends do not end there
those trends continue to increase
notice that by the year 2020 there will be
50 billion objects attached to the
internet and we will have uploaded from 2015
of 2 billion people out of the 7
thousand that there are in the world to 5 billion
of people internet users those 3
a billion additional minds the
let’s see the commonly if I do not do anything
more like people are going to be inventing
things if two thousand already invented the guy
selu in the amazon on wikipedia all
caps that we have in these devices
where will we go when three thousand
millions of additional people follow
inventing things to facilitate the
life and to facilitate the world that
growth is occurring because there is a
moore’s law that makes you explain that
technology is divided the price each
18 months approximately between two to the
half and the capacity is doubled
technology costs half and we do the
double with that technology that’s going to do
that this gadget in 2029 has the
capacity of a human being will increase
your capacity a hundred times and it will come
here to give you talks this was going to be the
to replace us all good
news in our works while
we are going to be doing some
another thing because the cell phone is the one that goes
to direct companies and
organizations this rate of change so
accelerated we can only understand it if
we understand the difference between the change
linear and the exponential change the change
linear is when we move forward and we can give
steps of one meter thirty steps and
then we are in the coast post office
rich- 30 steps of a meter 30 meters of
distance
when we do the same 30 steps no longer
They will be a meter will be
exponential and it turns out that with the
same 30 steps we will have advanced
one billion meters which equals
to have turned 26 times to the
land instead of having come to do
in front where is the hanger that
exchange rate is given because
technologies are growing to that
speed but also because they are
combining with each other and when we understand
we understand that if we go to
digitize is the only option to follow
surviving versus staying like
we are in the physical domain and that we
run over evolution if we go to
digitize I would like to review some
basic concepts with all of you
first of all nobody said that outside
easy to digitize is going to be a process
expensive complex frustrating in that we
we are going to be wrong
permanently I already said it with the cardigan
both put the examples I call it from
movie that presentation because he
it serves to illustrate and to understand
better precisely the cost of the
experimentation let’s understand if we
let’s digitize
it’s not about having an app or a
website that already have
all but that’s not digitize if
to digitize is to replace the human being
when the human being is replaced
automate processes are digitized
when they digitize sites they materialize
then we are going to make investments or
bank loans without intermediaries
without involving human beings in that
process we’re going to have to understand that
we can not transform our companies
if we do not change the institutional culture
the culture is made for the world
physical then we have to start
from the top management from the
directors of the board of directors until
the middle controls and the more levels
low of the organization so that all
be ready to make the change
from the physical world to the digital world
we’re going to have to be passionate about the
customer culture and that’s what I refer to
the last comments that did cardigan
that she sees her passion
in precisely power and passionate with
understand what the
customers but to do that just like that
she said she’s going to have to be
experiencing and when we experience
to make mistakes when we commit
mistakes what is happening today in
the institutions that give us the
club at least the practice of
carrot and the club we have to
forget about the club and leave only the
carrot because the processes of
innovation there is experimentation and in the
experimentation processes we commit
errors and errors can not be
keep penalizing because then we go
to penalize the initiative of the
people to do those experiments
and finally there will be a reluctance
of all those who work in the
offices with papers and with the domain
physical in world as we know it today
saying in all possible ways
that digitization is not possible
that you can not get to you because
the cco because it is very expensive because
computers do not have the processors
because there is a lot of time
all possible excuses and maybe
then the only way to digitize and
change the mep by putting a small
month in a garage
and that once they have the
educational systems arrive systems
financial for the financial world that
be competitive then come and
they steal customers and take over
how would it possibly be seizing
course was from many of the courses
university students in the world
so if that is the process and we want
move from the physical to the digital we have
also that having patience to understand
that the physical world is not going to disappear
the overnight will disappear
faster than we think but it’s not going to
disappear from the overnight in
this graph that is a normal curve what
that tells us is that there is always the
tail of the curve a group of fevers that
are the ones who like technology are
those who line up 24 hours before they
come out the last apple the collector for
have them first and it does not matter if
it served if the pleasant days and the
nice download all the app
simply for the pleasure of having them
because they are passionate about technology
but just as there is that group from the other
side in the normal curve what will you see
it’s the skeptics who never go to
have the technology they will want to continue
going to the bank physical branch and what
they’re going to do not because they love that
necessarily but because they have
limitations the level of age or level
of education or because simply not
they wanted and we are going to be successful in the
process
digitization only when we can give
that jump of that 16% of fevers
initials and we’re really
sharing within the normal curve
inside the top of the curve with
that important percentage of
consumers that are really going to
use financial services from
a cell phone because they are really useful and
nice then in conclusion the
physical world and the digital world are going to
have to live for a while
we’re going to have to do both to the
we will not be able to choose in the short
term if we do one or we do the
others we are going to have to
transform us unless we move away from
zero with a start up and we do it
totally digital in the world that already
is happening that is an ecosystem of the
startups that are in fintech in the world
whole is drawn is already has
one year possibly today that sheet is
I would see a lot more dense with enough
more companies that group of companies are
doing what essentially has to
make a financial system are
getting into the intermediation and in the
payment systems all those who are
there
raps that are presented or develop a
loan market where the
money bidders and plaintiffs
money and they make loans to each other without
the regulation of a system of
financial supervision like the one
we know this other group
he also makes loans but those
Loans are from person to person and
then there is no market
simply one tells the other without
knowing is the same as asking for a über and
comes mario carlos or mariah to pick us up
Well, we’ll see him take out the various maria
that yes is always pay the
we paid next week and this one
group makes the whole payment system that
Today we know and I want to say to Rebecca
that when I do a focus group of
simple mobile that please call me
frustrated step of having to make a
simple mobile putting a comma saying
times the phone and a comma and that’s the
number those systems that are doing
in the world they are broadly friendly
they are easy to use they are nice to use
It makes us want to transfer money to
others then that’s what we ‘re
competing in the world
and finally this other part of the
blade are the platforms to make
investments and there are 22 boxes that such
once putting them to their top they do not see the
They are first investment platforms
replace stockbrokers
as we know ourselves today and in the part of
down are the robo advisors that
they replace an even more important part
what is it invested in
investment recommendations when
design the country and it says goes 40 per
hundred of shares he feels in debt
etcetera that recommendation makes it a
robot that makes purchasing decisions and
sale without a human being and
we are other companies that do
other non-essential parts of
functions of a financial system
that is in the world in costa rica also
We have our own fintech and coast
rich at least those two called me the
attention and you 15 them why present
the first one called the island is a
chat with artificial intelligence that
can answer questions that in that
example that was on the screen the
do on card systems
credit and then you write and the
artificial intelligence of a gadget
he answers and tells him what it is about or
how is it that you have to do the
management the second one is the one that I
I mean when I interviewed
and the payment system this is an app
designed by a Costa Rican who has
the cutie that he works in the sector
doctor and that I want to highlight because
the technologies not only go in a
back line
lapan from one industry to the other
industry then of a technology that
began to Paris medical system is
affecting the financial system in a
very competitive way very nice as
I would do it for example like apple did
when he was the one that detonated in the
competition and the market leader
telephone I assure you that none
telephone company five years before
apple had put as a threat to the
industry the computers like I do not think
that a bank has put as a
competitive threat that someone from
health sector come to solve life
and make it easier than we have
whom we are made in the sector
financial
said this then how do we imagine that
will be our financial system in the
next five years and there we have
the mind to fly everything we want
let’s have I imagine a light
the one that does not say but that I talked common
and to explain almost how you make it go
but as it happens it consists so that it
let’s say call me so-and-so and what
he says is the weather has such a temperature
but will really understand the voice
to understand the words I was going to be able to
answer us what we are
asking me I imagine it also with
an electronic signature that does not have its
devices and that you do not have to go to a bank
and all those complicated things if
these gadgets already read him in the face
one to unblock I know that they read to him
the iric of iris iris of the eye already
we have the digital signature and there is that side
I was already seeing how to regulate that
someone sign with the iris of the eye let’s go
to possibly have a crowdfunding
loan systems that are going to be a
important market share
maybe 50 percent we can believe
that is a lot but we are in the world
nonlinear exponential and then this goes
to grow much faster than it
we can imagine today we’re going to have the
vice robot
replacing us all the runners
of the stock market and we would be doing some
another thing after the robo adviser we’re going
to have payment systems that do not
they require a topping jones and I yo
I can make a transfer of a
cell phone
yes yes I can as long as I do not
I forgot to take the token because
it does not carry the token then it does not let me
do the transfer we are going to do
a union of the analytic world of the big
dating with artificial intelligence and
all the economists who are sitting
in our companies they will have a
competitor that will solve the
world and it’s going to be their job today
in day an economist with intelligence
artificial is worth 100 thousand dollars when
a company has five economists the
Social charges cost you more than one hundred
thousand dollars and that’s technology that
is available in the market we are going to
have an abundant use of crypto currencies
and if we have crypto currencies
those transfers that we make to
outside they will put the challenge to the lady
dew aguilar how will you charge the 15
percent of transfers to
outside if we did it in crypto currencies
we are going to surely have a system of
liquidation and compensation based on
block change like the one that already exists in
singapore today we’re going to have
phones with electronic branches in
each of our phones and we’re going to
put to doubt the national bank and the
bank of costa rica whose advantage
competitive was the chain of
distribution of what they are going to do
with 250 branches each when all
we have a branch in the stock exchange
our roads are going to have a
very significant reduction of cash
and electronic means of payment and making
all that we are dreaming is going to
bring to a grand finale the grand finale is
that we are going to have to charge
much less for what we do from the
same way that the
press in digital they lowered the rates and
then we are going to have to do it for
volume and if the volume is not at coast
rich that’s why it’s called
because we do it with everyone in the world
and well this dreaming is not a
new thing in 1962 they had already done it and
the jets are dreamed about what the
world within 100 years invented
many of the things that we really saw
in the future they painted the cameras of
tanned they made the clocks
smart they thought they were going to
exist digital media 56 years ago
they thought they also imagined they dreamed
flat screens when televisions
they were of this size they also thought of
that in the future and they will see bands
transporters where we were going to have
robots is the inhale robot that cleaned
the house for those who remember and now
have robots that already exist today
that they were going to have video games and they see the
image of that child is identical in both
the position the position of him as the
toy that has in front of what
nowadays we have in our
families in our homes when they are
playing with that they invented the
video calls and digital camera we said
that was one of the great changes in the
humanity invented the vehicles that
they fly alone and they are personal
only the jacksons were wrong in a
thing they imagined this for within 100
years from 1962 and we have it today
because they did not see that the world changed
exponentially and not linearly
so that it does not happen to us about the
jackson is that we see that the future
of the days then today and if we
we see that the future really came
because we’re going to believe that it only came in
the media in the media
of transport in video devices
in health because he will not be affected
also the financial system and if we see
that we understand then better than
ecosystem of financial startups and
is out there operating and if we understand
that there is that ecosystem we understand
also that all of us are a
ecosystem of the financial system
Costa Rican only that we act in the
physical domain and not in the domain
digital what follows now is to add your
über raise the transition system of the
system from the physical domain to the domain
digital is to do it together
collaborative economy in which everyone
we are contributing to the great transition
the financial system in which together
we can dream what the system will be like
financial after the many jets
Thank you
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