SINGAPORE, November 6, 2024 /PRNewswire/ — The Global Fintech Institute (GFI), with the support of the Monetary Authority of Singapore (MAS), proudly announces the launch of FLEXa global digital platform, and the Startup Investment Securities (SIC) frame. These initiatives are designed to bring transparency, trust and innovation to the global fintech ecosystem.
FLEX is the essential platform to stimulate collaboration, investment and talent development in the fintech sector. It is built on three pillars:
- FLEX.Collaborate: Foster cross-sector and cross-border partnerships between fintech companies, investors and industry leaders.
- FLEX.Match: Connecting fintech startups to investors and institutional lenders to accelerate growth.
- FLEX.Talent: Support talent development by improving employment prospects and providing continuing education opportunities in the fintech sector.
One of the key features, FLEX.Matchincludes a database of over 1,000 global fintech companies. This open market offers new opportunities for collaboration, investment and innovation, thereby strengthening that of Singapore position as a global leader in fintech. The platform will focus on the challenges of financial innovation and inclusion around the world.
To support this matching process, the CIS framework addresses the challenges of evaluating startups. Developed with input from leading local and international industry players such as the Singapore Institute of Visitors, the Digital Lenders Association of India (DLAI), Fintech Australia, Global Impact FinTech Forum (GIFT) and more. SIC provides a standardized, data-driven method for evaluating fintech startups. This framework simplifies due diligence, improves transparency, and fosters a stronger, more connected startup ecosystem.
Collaboration is essential to creating a transparent and inclusive fintech investment landscape. GFI invites all industry stakeholders – investors, fintech companies, regulators and associations – to collaborate to shape and advance this framework.
Quotes:
“FLEX and SIC are major advancements for fintech, providing the tools needed for global collaboration and standardized startup assessment. With FLEX.Match, fintech companies and investors will have new ways to connect and to innovate, to position oneself Singapore as a global fintech leader,” said Prof. David Leeco-chair of the Global Fintech Institute.
“GFTN supports GFI in its mission to create open financial digital infrastructures like FLEX, which will drive innovation and enable ethical growth in the fintech sector. We look forward to seeing FLEX advance digital trust and attract targeted investors,” said Mr. Sopnendu MohantyDesignated CEO of the Global Finance and Technology Network (GFTN) Group.
Call for collaboration
FLEX is an inclusive, industry-wide platform and initiative. Organizations interested in spearheading fintech innovation are encouraged to engage with us. We invite diverse partners, including financial institutions, investors, family offices, corporates and startups, to participate in this transformative journey. Your involvement can take various forms, such as committing capital, showcasing fintech liquidity and investment opportunities, and contributing to community and platform development.
To download the full white paper, visit https://globalfintechinstitute-9495468.hs-sites.com/startup-investment-credentials-sic-whitepaper
To learn more about FLEX, visit www.flex.sg
About the Global Fintech Institute:
The Global Fintech Institute (GFI) is a nonprofit think tank and certification organization dedicated to advancing fintech education, fostering meaningful collaboration, and promoting professional excellence within regulatory bodies, businesses and academic institutions. Based in SingaporeGFI tackles the fintech landscape’s key challenges through rigorous research, insightful white papers and thought leadership discussions that influence policy and set industry standards.
Our key areas:
- Professional certification of fintech talents
- Accreditation of fintech education programs globally
- International platform for certified fintech companies, investors and talents