Partnership Between Tenity and GFTN to Propel Global Fintech Expansion
Singapore and Switzerland Unite for Fintech Sovereignty
In an exciting development for the fintech sector, Singapore-based Global Finance and Technology Network (GFTN) has teamed up with Swiss incubator Tenity. This partnership aims to enhance European fintech sovereignty while creating substantial opportunities for start-ups on the global stage. The collaboration was formalized through a Memorandum of Understanding (MoU), marking a significant step toward more robust public-private collaborations across Europe, Asia, and the Middle East.
Advancing Fintech Ecosystems
Tenity and GFTN’s partnership will foster greater exchanges within fintech ecosystems, merging Tenity’s experience in start-up acceleration with GFTN’s mission to harmonize innovation with regulatory standards. By focusing on financial inclusion and advancing sustainable digital systems, both organizations are poised to make a significant impact on the evolving fintech landscape.
Supporting a Global Fintech Vision
Founded by the Monetary Authority of Singapore (MAS), GFTN is an influential force behind premier global fintech platforms, including the Singapore Fintech Festival and the Point Zero Forum in Switzerland. “This partnership reflects our belief that Europe plays a vital role in shaping the global fintech landscape,” said Sopnendu Mohanty, CEO of GFTN, just ahead of this year’s Point Zero Forum in Zurich.
Creating Connections Across Continents
Tenity boasts six innovation hubs across 15 countries, collaborating with 65 corporate partners and aiding over 1,600 start-ups through its various programs. CEO Andreas Iten emphasized the importance of collaboration in fintech, stating, “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.”
Implications for the Retail Sector and Consumers
As GFTN and Tenity pave the way for a more interconnected global fintech environment, retail businesses and consumers stand to benefit from enhanced financial products and services. By promoting innovation and fostering inclusivity, this strategic alliance could redefine consumer experiences and significantly influence the broader retail landscape.
