Deputy chairman of GFTN Neil Parekh, chairman of GFTN Ravi Menon, Group CEO-designate of GFTN Sopnendu Mohanty and deputy chairman of GFTN Leong Sing Chiong. (Photo: Global Finance and Technology Network)
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The Monetary Authority of Singapore (MAS) has launched the Global Finance & Technology Network (GFTN)ā to elevate Singapore’s role as a global FinTech hub, enhancing innovation and global connectivity in financial services. š
GFTN will work closely with MAS to advance industry and policy dialogues across payments, asset tokenisation, and AI/quantum. This builds on Singaporeās established foundation in FinTech, which includes initiatives like regulatory sandboxes and cross-border payments, as well as the globally recognized Singapore FinTech Festival. š
In leadership news, Ravi Menon will chair GFTN’s Board of Directors, bringing his vast experience as former MAS Managing Director, while Kenneth Gay will assume the role of MAS’s new Chief FinTech Officer on 1 February 2025, continuing to drive MASās strategic initiatives in FinTech innovation.
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ā GFTN will replace the present Elevandi. Elevandi is a not-for-profit entity set up by MAS to connect people and businesses, ideas and insights in the FinTech sector in Singapore and globally.