Singapore’s MAS-Backed Elevandi Launches FinTech Advisory Committee

Elevandi, a company established by the Monetary Authority of Singapore (MAS) to promote FinTech in the digital economy, has formed its advisory committee.

According to a Thursday (May 19) news release, the committee will offer guidance on sparking global conversations to shape FinTech industry agendas around the world, determining issues and trends that shape the future of financial services, and opening dialogue between policymakers and FinTech players on the sector’s risks and opportunities.

See also: Singapore, Malaysia to Test Cross-Border Payments

The committee is led by Matthias Kröner, founder of Tradelite Solutions and former CEO of Fidor Bank and DAB Bank. Joining him are Dr. Andreas Rosenthal of Prudential Singapore, Chen Leiming of Ant Group, Circle’s Dante Disparte and Eric Anziani of Crypto.com.

Also on the board are Janet Young of United Overseas Bank, Laura Loh of Temasek, iCapital’s Marco Bizzozero and Richard Pu of Tencent.

“The advisory committee members’ proven expertise and extensive experience in the global financial services industry will be invaluable to help Elevandi achieve its mission,” MAS Chief FinTech Officer Sopnendu Mohanty said in the news release. “In addition, the committee will support Elevandi in bringing together the public and private sector to adopt technology and build the future of finance, one which is inclusive, impactful and sustainable.”

The committee is set to meet each quarter, with their next gathering coinciding with the inaugural Point Zero Forum next month in Zurich.

The past year has seen the MAS engage in several projects designed to promote the digital economy at home and abroad.

For example, the bank announced last year it was working with Malaysia’s central bank to let customers conduct real-time cross-border payment transfers via a mobile number. The “phased linkage” of the payment systems run by Singapore’s PayNow and Malaysia’s DuitNow is set to begin in the fourth quarter of this year.