newsare.net
SINGAPORE — Singapore's longest serving central banker, Ravi Menon, will head a new non-profit to drive fintech innovation and growth globally, the Monetary Authority of Singapore (MAS) said on Wednesday (Oct 30). Menon, who led the central bank for 12 yeaFormer MAS chief Ravi Menon will chair new non-profit to drive fintech growth globally
SINGAPORE — Singapore's longest serving central banker, Ravi Menon, will head a new non-profit to drive fintech innovation and growth globally, the Monetary Authority of Singapore (MAS) said on Wednesday (Oct 30). Menon, who led the central bank for 12 years until 2023 and is a strong proponent of financial technology, will chair the Global Finance and Technology Network, the MAS said. He sees the non-profit — with around 40 staff currently — as a way to drive innovation for the common good «to create economic value, to expand economic opportunities for people, to create more resilient and robust financial systems», Menon said. A key role of the network will be advisory services provided to governments and organisations, building on Singapore's reputation as a financial hub. The network could help governments adapt their fintech needs to local conditions and connect governments and regulators to multilateral agencies such as the International Monetary Fund, the World Bank, the United Nations Development Programme and partners in the private sector, he said. Read more