Singapore: Established Global Finance and Technology Network (GFTN) catalysing FinTech collaboration framework

On 30 October 2024, the Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance and Technology Network (GFTN), which will replace Elevandi, a non-profit organisation previously established by MAS to foster connections within the FinTech sector both in Singapore and globally. The GFTN is intended to facilitate collaboration within the industry, promote growth in Singapore’s FinTech ecosystem, and build connections with the global FinTech community. GFTN will collaborate with MAS to support discussions in areas such as payments, asset tokenisation, and AI/quantum technologies. The GFTN will also assist in expanding Singapore’s FinTech ecosystem and enhancing the Singapore FinTech Festival (SFF).