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Mr Sopnendu Mohanty

IT Leader of the Year, 2019

Sopnendu Mohanty is the Chief FinTech Officer of the Monetary Authority of Singapore (MAS) since August 2015. Mohanty heads the FinTech & Innovation Group, and is responsible for creating development strategies, public infrastructure and regulatory policies around technology innovation to better manage risks, enhance efficiency and strengthen competitiveness in the financial sector.

Respected as a credible voice in FinTech, Mohanty has guided MAS in initiating a wide range of policies and infrastructure set-up to support the innovation and adoption of smart technology by the Singapore's financial sector. His leadership has propelled Singapore to be the leading global FinTech hub, and the go-to destination for innovation in financial services.

Mohanty's successes include conceptualising and organising the Singapore FinTech Festival - the world's largest FinTech festival and a global platform for the FinTech community. The 2018 edition of the Singapore FinTech Festival attracted a record 45,000 participants from 130 countries. Working very closely with the industry players, Mohanty also spearheaded various facets of Singapore's FinTech ecosystem, such as Singapore's drive towards an electronic payments society, and moulded the FinTech infrastructure landscape which includes the world-class FinTech Regulatory Sandbox, API Exchange - an online Global FinTech Marketplace and Sandbox platform for financial institutions, and Project Ubin, a cross-border project that explores the use of Distributed Ledger Technology for clearing and settlement of payments and securities.

Mohanty has spent over 20 years in various global leadership roles in technology, finance and innovation. Prior to joining MAS, Mohanty was with Citibank and held various positions across multiple global offices. During his time in Citibank, he also co-authored several patented works in the area of retail distribution of financial sector.

Mohanty extensively engages with ecosystems of various jurisdictions on innovation, policy making and tech enabled financial services. He serves on various advisory boards of multilateral agencies and universities as a global expert on innovation, promoting inclusion and talent development. Mohanty has also been recognised internationally as a FinTech thought leader. He is on the Institutional Investor's list of influential FinTech global dealmakers and was named the Market Reformer of the Year by International Financial Law Review, Euromoney, in 2018.

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