MAS fintech chief to advise Indian state on innovation

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MAS fintech chief to advise Indian state on innovation

The Monetary Authority of Singapore (MAS) has announced that fintech and financial services specialist Sopnendu Mohanty has been appointed digital and financial technology adviser by the Indian state of Odisha.

MAS, which acts as the city state's financial regulator and central bank, said in a statement that Mohanty will continue in his role as MAS's chief fintech officer, with oversight of the regulator's Fintech and Innovation Group.

According to a statement released on Friday, Mohanty will collect feedback from beneficiaries of state government schemes and programs and submit the reports to respective departments through ministers. 

Mohanty, who was born in Odisha, previously worked at Citi, where he held a variety of development and fintech-related roles.

In his new role, Mohanty will be central to the preparation of annual budgets and liaising with the chief minister's office.

Singapore has in recent years developed a reputation for its fintech expertise, which has led to partnerships with several countries and firms across the region.

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.