Press Release

October 8, 2019

Former GIC Technology SVP Joins TranSwap As CTO

Singapore-based cross-border payments FinTech platform TranSwap today announced that Mr Gary Tan, a former Senior Vice President of technology at GIC Private Limited, has joined its company as its Chief Technology Officer (CTO). With Gary on board, the TranSwap platform will be further enhanced to help businesses seamlessly manage and execute payments globally, while reducing foreign exchange (FX) costs and complexity.

Gary brings with him over 22 years of experience in delivering technology solutions for effective financial and asset management. He was responsible for developing multiple IT projects for 10 offices worldwide. Gary had been instrumental in laying the technological foundation for the organisation as it becomes one of the largest sovereign wealth funds in the world today.

Mr. Benjamin Wong, Co-founder and Chief Executive Officer commented, “We are reaching an inflexion point in our growth with the upcoming expansion into our third country and pipeline of industry-changing partnerships. As we chart new milestones, we are delighted to welcome a senior technology leader such as Gary into our team. His years of insights, expansive programming knowledge and experience leading the IT department would help in strengthening our engineering capabilities and speed up our future growth. Together with Gary, we will deliver even more innovations to SMEs that are seeking cost-effective and convenient ways to send money internationally.”

In his role as Chief Technology Officer, Gary will develop IT strategies and innovations for the company, while delivering new products to maintain TranSwap’s competitive advantage. An excellent technical leader, Gary will lend his skillsets to create a robust technology framework, by overseeing product management, fostering operational excellence, as well as shaping the dynamic engineering team in Singapore, Hong Kong and in Indonesia, to accelerate continuous innovation for TranSwap’s cross- border payment solution.

Mr. Gary Tan, Chief Technology Officer, said “TranSwap is a FinTech company with great energy and aspirations which I am very proud to be a part of. I am very confident of where TranSwap is headed and how we can use technology to collaborate and build holistic solutions to serve our customers and partners. We deliver business value with speed, quality and sustainability, with the ultimate aim of tackling the international payments issues that SMEs face.”