GFTN and Tenity Seek to Promote Global Future of Fintech
Singapore-based GFTN and Swiss incubator Tenity intend to use a partnership to support the sovereignty of the European fintech space and drive global expansion opportunities for start-ups. In addition, public-private collaborations are to be deepened in Europe, Asia and the Middle East.
In a Memorandum of Understanding (MoU), Tenity and the Global Finance and Technology Network (GFTN) have formulated the joint goal of supporting European fintech sovereignty, driving global expansion opportunities for start-ups, and deepening public-private cooperation across Europe, the Middle East, and Asia.
As Tenity writes in a press release, this partnership will lay the foundations for more intensive exchanges between fintech ecosystems: It combines «Tenity’s expertise in start-up acceleration and ecosystem building with GFTN’s mission serving as a trusted platform to align innovation with regulation, accelerate financial inclusion, and advance the development of inclusive, digital, and sustainable financial systems».
Shaping the Global Fintech Landscape
GFTN was founded by the Monetary Authority of Singapore (MAS). According to the information, the non-profit network is the driving force behind global platforms such as the Singapore Fintech Festival, the Point Zero Forum in Switzerland, GFTN Tokyo, and the Inclusive Fintech Forum in the Rwandan capital of Kigali.
«This partnership reflects our belief that Europe plays a vital role in shaping the global fintech landscape,» Sopnendu Mohanty, Group CEO of GFTN, said, a few days ahead of this year's Point Zero Forum in Zurich.
Building Bridges
Tenity has six centers for financial innovation, operates in 15 countries, works with 65 corporate partners, and has supported over 1,600 start-ups with its programs. Andreas Iten, CEO of Tenity, comments: «Fintech doesn’t grow in silos – it scales through partnerships, policy alignment, and shared infrastructure. This MoU is about building those bridges – between founders and regulators, Europe and Asia, ambition and action.»
