Singapore’s Bold FinTech Move: GFTN Network Launches

What we’ll cover today:

🚀 New Era for Singapore FinTech Hub?

💡 5 Principles of Becoming Top Fintech PM.

🏦 15 Tips for Breaking into FinTech.

🔗 The Event Roundup.

New Era for Singapore FinTech Hub?

Singapore just made a bold move that could shake up global finance.

The Monetary Authority of Singapore (MAS) is launching the Global Finance & Technology Network (GFTN) to:

• Connect Singapore’s thriving FinTech scene with the world

• Drive innovation in payments, AI, and asset tokenisation

• Build a global hub for cutting-edge financial technology

Key Appointments:

• Ravi Menon – Chair of GFTN

• Sopnendu Mohanty – Group CEO (starting 2025)

• Kenneth Gay – MAS’s new chief FinTech officer

This isn’t just about boosting Singapore’s status; it’s about creating a global magnet for financial tech.

The annual Singapore FinTech Festival, happening November 6-8, promises to be bigger than ever.

Is Singapore on its way to becoming the world’s FinTech capital?

Here’s the whole article

1. 5 Principles of Becoming Top Fintech PM.

This is a tweet from Bandan Jot. 

With over 31.9K followers on Twitter, Bandan is a product manager in the fintech field for experience more than 7 years.

In his recent tweet, he shares 5 principles of becoming a top Fintech PM.

Here’s The Tweet.

2. 15 Tips for Breaking into FinTech.

This Forbes article offers practical advice for aspiring FinTech professionals looking to enter the industry. 

It covers strategies like networking, gaining relevant skills, understanding regulatory landscapes, and exploring entry-level roles. 

The insights focus on helping newcomers build a solid foundation to succeed and grow within the rapidly evolving FinTech sector.

Here’s The Whole Article

1. Mastercard's profit beats estimates on resilient consumer spending.

Payments processor Mastercard opened a new tab and reported a better-than-expected profit for the third quarter on Thursday, as customers encouraged by economic stability ramped up their spending.

The company's shares, however, fell 2% after the company disclosed that the European Commission had sought documents related to a broader investigation into alleged anti-competitive behaviour in the European Union.

2. $200m Armis Series D headlines this week’s FinTech funding rounds

A strong week for FinTech funding saw $898.125m raised, headlined by a mammoth $200m tranche from Armis. 

The mammoth Series D saw the cyber exposure management and security firm’s valuation soar to a whopping $4.2bn.

3. Axos Clearing partners with Envestnet to deliver managed account solutions

The partnership will integrate Envestnet’s managed account solutions into Axos Clearing’s Axos Complete portal, empowering hybrid broker-dealers (BDs) and registered investment advisers (RIAs) to enhance client service and streamline operations.