Biometric Data, Cash Payments and Banking Risks

Today, so many people congratulated me, not because I was coming here, no.

They told me, "Jorge is a big shot, how did you realize that this wasn't a business, that it wasn't going to work?"

I told him, "Simple," I said. "Your business isn't banking," I said.

Your business is to capture millions of people's biometric data to build a database of the country and then do business with the non-banking database.

Those people weren't bankers. For God's sake, they weren't bankers, they were people managing a database.

How is that possible? Article thirty-nine of the Consti— of Law 489.

The guaraní is what has the power to discharge a debt, cash.

You couldn't pay at the expo unless you used their face-scanning system.

And I told my daughter, who was working at a company: "I'm not leaving," I told her.

“I’m not going to show these people my face,” I told him. “I’m not going to show it,” I told him.

And I didn’t go to the expo because I couldn’t show them my face so they could get my database.

The thing is, they already have it because there are the Paseo La Galería, where I usually go to a notary’s office sometimes.

Well, that’s that, and with this I’ll wrap up my part.

Sir, the concept of risk is much more complex today than we imagine.

This is much more serious and complex than we can imagine.

It requires a lot of talent from people who know about computers, who know about data, and so on, and it goes beyond the Central Bank.

This is going to the government, it has to be careful where it puts its money.

We’re talking about entities that should have had top-level advisers.

No, don’t—don’t go saying: “What? I, I thought the bank was fine.” No, no, no.

You can't say that after it's already deferred six hundred million dollars.

You can't say that bank was fine. That's the point we need to be aware of to be responsible.

Don't worry, you are absolutely not involved in any decision I make to give myself the privilege of being president of the Central Bank.

I won't—I absolve you completely of that decision.