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Global Finance & Technology Network

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Global Finance & Technology Network
Founded2024
TypeNonprofit organization
FocusFintech
Location
Area served
Global
Key people
Ravi Menon, Chairman
Neil Parekh (NMP), Deputy Chairman
Leong Sing Chiong (Deputy MD, MAS), Deputy Chairman
Sopnendu Mohanty, Group CEO[1]
Websitewww.gftn.co

Global Finance & Technology Network (GFTN) (formerly Elevandi) is created by Monetary Authority of Singapore (MAS) to serve expanding Singapore's fintech ecosystem globally.[2][3][1][4][5][6][7][8]

GFTN will focus on four business lines – organising fintech festivals, providing advisory and research services, providing digital platform services to SMEs, and establishing a fund for investing on technology related start-ups.[1]

Ravi Menon, former managing director of the MAS is appointed as the chairman of GFTN.[2]

History

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GFTN replaces and builds upon Elevandi, the non-profit organisation created by the Monetary Authority of Singapore in August 2021 to foster an active and open dialogue between the public and private sectors, to advance FinTech further in the global digital economy.[9][10][2]

Elevandi has organised Singapore FinTech Festival, Elevandi Insights Forum, Point Zero Forum, Inclusive FinTech Forum, The Founders Peak, The Capital Meets Policy Dialogue, Green Shoots and Elevandi Education. Elevandi Japan is the first international subsidiary of Elevandi as part of its global reach to enhance Japan’s financial and fintech ecosystem.[11]

GFTN will continue to operate as a not-for-profit, and will work with the MAS on industry and policy dialogues in the area of payments, asset tokenization, AI and quantum.[2]

References

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  1. ^ a b c "MAS sets up new not-for-profit firm as it seeks to extend reach to global fintech sector". The Straits Times. 2024-10-30. Retrieved 2024-11-02.
  2. ^ a b c d "MAS appoints ex-managing director Ravi Menon as chairman of new group Global Finance & Technology Network(update)". The Edge (Singapore). 2024-10-30. Retrieved 2024-10-31.
  3. ^ "MAS sets up finance and technology network to be chaired by Ravi Menon". The Business Times (Singapore). 2024-10-30. Retrieved 2024-11-02.
  4. ^ "Singapore's MAS sets up new fintech network led by former chief". The Edge (Malaysia). 2024-10-30. Retrieved 2024-11-02.
  5. ^ "Singapore's central bank sets up not-for-profit global fintech network". CNA (TV network). 2024-10-30. Retrieved 2024-11-02.
  6. ^ "Singapore sets up global fintech network, appoints former MAS chief Ravi Menon as chairman". CNA (TV network). 2024-10-30. Retrieved 2024-11-02.
  7. ^ "Former Singapore MAS Chief Sets Up New Fintech Network". Business Today (Malaysia). 2024-10-30. Retrieved 2024-11-02.
  8. ^ "Singapore MAS Sets Up New Fintech Network Led by Former Chief". Bloomberg News. 2024-10-30. Retrieved 2024-11-02.
  9. ^ "Gujarat-origin Nimil Parekh nominated to Singapore's Parliament as MP". DeshGujarat. 18 July 2023. Retrieved 2 August 2023.
  10. ^ "The next global lift for SFF". The Business Times (Singapore). 2 November 2021. Retrieved 2 August 2023.
  11. ^ "Elevandi Launches Japanese Subsidiary With Takeshi Kito at the Helm". FINTECH SINGAPORE. 6 November 2023. Retrieved 18 January 2024.
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