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MAS sets up new not-for-profit firm as it seeks to extend reach to global fintech sector

The Straits Times LogoThe Straits Times1d ago

MAS sets up new not-for-profit firm as it seeks to extend reach to global fintech sector - The Straits Times

Quick Summary:

Its not-for-profit entity Elevandi, which was set up in 2021 to advance fintech, will be folded into the new firm.

The funds will come from limited partners or third-party sources that GFTN attracts around the world.

The first order of business for the team is for the board to spend the next few months refining strategies and setting goals for each year in the next five years.


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MAS sets up new not-for-profit firm as it seeks to extend reach to global fintech sector - The Straits Times (Picture 1)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 13:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23335542

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About The Straits Times

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 17 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #25

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