Mohanty, who will assume the CEO role for GFTN on February 1, 2025, expressed the network’s goal of creating resilient and inclusive financial ecosystems through innovative global partnerships….reports Asian Lit News
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has launched a nonprofit initiative, the Global Finance & Technology Network (GFTN), to bolster global collaboration in financial technology and innovation.
The GFTN will collaborate closely with India, a critical hub for tech talent and fintech investment opportunities, as highlighted by Sopnendu Mohanty, the designated CEO of GFTN Group and currently the Chief FinTech Officer at MAS.
Mohanty, who will assume the CEO role for GFTN on February 1, 2025, expressed the network’s goal of creating resilient and inclusive financial ecosystems through innovative global partnerships.
GFTN aims to support the evolving global fintech landscape by integrating various tools like digital platforms, forums, advisory services, and capital resources.
These will include the GFTN Capital, an investment fund designed to back tech startups with strong growth potential and positive social impact, and the GFTN Platforms, a digital service targeting small and medium enterprises (SMEs).
Additionally, GFTN Advisory will provide expert-led research and guidance on innovation policies and ecosystems.
Ravi Menon, former Managing Director of MAS, has been appointed Chairman of the GFTN Board of Directors, with other key appointments including MAS Deputy Managing Director Leong Sing Chiong and Neil Parekh, a Singaporean parliament member, as deputy chairmen.
With this team, GFTN is well-positioned to provide substantial support for the global fintech community, driving sustainable and inclusive growth in the sector.
Singapore group launches Chennai training centre
ELITE Global Oil & Gas, a Singapore-based Group of Companies, has recently inaugurated its CompEx Training Centre in Crescent University Campus, Chennai, India.
ELITE’s niche areas include inspection training and ex-equipment supply for oil and gas, marine, power plants, and other related electrical projects. Their office operations span Singapore, Japan, India, and Oman.
About CompEx
CompEx Certification is a Leading International Competency Training and Assessment Scheme for Electrotechnical and Mechanical Practitioners working in Potentially Explosive Atmospheres.
CompEx provides vast opportunities for professionals and students to attend courses locally with easy accessibility to the Training Centre, unlike in the past, when travel to other states or overseas stations was required.
The ELITE Group has announced a commitment to invest an additional $100 million USD in India over the coming years, focusing on inspection training and other essential projects. This strategic investment will further enhance local access to vital competency training programs like CompEx Certification.
New CompEx Training Center of ELITE Global Oil & Gas Group of Companies, Singapore
G Ramesh, Chairman, ELITE Group of Companies mentioned that this is the first time in India, CompEx Training Centre is inaugurated in a university campus in Chennai. He assured that the centre will be a benefactor for engineers and other professionals to upgrade their competencies with internationally recognised CompEx certification. The latter will pave new pathways to scale greater heights in their professions and sustain a safe working environment as well. He acknowledged the immense support from CompEX Management, in the setting up of the lab amenities and critical installations in the training centre in Chennai.
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