Global Finance & Technology Network

Global Finance & Technology Network (GFTN) (formerly Elevandi) is created by Monetary Authority of Singapore (MAS) to serve expanding Singapore's fintech ecosystem globally.^{[6][7][1][8][9][10][11][12]}

Global Finance & Technology Network

Founded	2024
Type	Nonprofit organization
Focus	Fintech
Location	Singapore
Area served	Global
Key people	Ravi Menon, Chairman Neil Parekh (NMP), Deputy Chairman Leong Sing Chiong (Deputy MD, MAS), Deputy Chairman Sopnendu Mohanty, Group CEO[1] Pat Patel, Executive Director[2] Queen Máxima, Chair, International Advisory Board[3] Sanjiv Bajaj, Advisor[3] Agustín Carstens, Advisor[3] Paula Ingabire, Advisor[4] Dominic Barton, Advisor[4] Patrick Njoroge, Advisor[4] Veerathai Santiprabhob, Advisor[4] Axel A. Weber, Advisor[5] Eric Jing, Advisor[5]
Website	www.gftn.co

GFTN will focus on four business lines – organising fintech festivals, providing advisory and research services, providing digital platform services to SMEs, and establishing a fund for investing on technology related start-ups.^[1]

Ravi Menon, former managing director of the MAS is appointed as the chairman of GFTN.^[6]

Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), was appointed in July 2025 as Chair of the International Advisory Board of GFTN.^[3]

History

GFTN replaces and builds upon Elevandi, the non-profit organisation created by the Monetary Authority of Singapore in August 2021 to foster an active and open dialogue between the public and private sectors, to advance FinTech further in the global digital economy.^[13][14][6]

GFTN will continue to operate as a not-for-profit, and will work with the MAS on industry and policy dialogues in the area of payments, asset tokenization, AI and quantum.^[6]

International Advisory Board

The board is chaired by Queen Máxima of the Netherlands (appointed July 2025). Other members include Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv; Agustín Carstens, former General Manager of the Bank for International Settlements (BIS); Paula Ingabire, Rwanda's Minister of ICT and Innovation; Dominic Barton, Chairman of LeapFrog Investments and Rio Tinto and former Global Managing Partner of McKinsey & Company; Patrick Njoroge, former Governor of the Central Bank of Kenya; Veerathai Santiprabhob, former Governor of the Bank of Thailand; Axel A. Weber, former Chairman of UBS Group AG and former President of Deutsche Bundesbank; and Eric Jing, Chairman of Ant Group.^[3][4][5]