Singapore's central bank sets up not-for-profit global fintech network
Singapore's central bank has set up a new not-for-profit platform to work with economies around the world on financial technology. The Global Finance and Technology Network will offer expert advisory services, including to regions such as Africa and Latin America. It hopes to unlock new opportunities in such markets, where fintech is expected to grow 30% per year by 2030. GFTN wants to address gaps in talent, infrastructure, capital and policy in such places.
Singapore's central bank has set up a new not-for-profit platform to work with economies around the world on financial technology. The Global Finance and Technology Network will offer expert advisory services, including to regions such as Africa and Latin America. It hopes to unlock new opportunities in such markets, where fintech is expected to grow 30% per year by 2030. GFTN wants to address gaps in talent, infrastructure, capital and policy in such places.
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