The Monetary Authority of Singapore (MAS) has announced the winners of the 2020 Global Fintech Innovation Challenge. This year the theme was “Building Resilience, Seizing Opportunities, Emerging Stronger,” appropriate during the time of COVID. The awards were handed out today at the Singapore Fintech Festival x Singapore Week of Innovation and TeCHnology (SFF x SWITCH) 2020.
“The Global Fintech Hackcelerator and the Fintech Awards have served as key platforms to identify and recognise innovative, high-quality solutions that are able to address real needs in the financial industry,” said Sopnendu Mohanty, Chief Fintech Officer at MAS. “This year, MAS chose the theme of “Building Resilience, Seizing Opportunities, Emerging Stronger” for the Fintech Innovation Challenge, as a clarion call to Fintechs to play a greater role in addressing the generational challenges of COVID-19 and climate change. We are pleased to see this year’s winners demonstrate strong potential in helping the industry tackle these critical issues. MAS would also like to thank KPMG Digital Village and PwC Singapore for their continued support.”
The winners of the Global Fintech Hackcelerator were selected during the Global Fintech Hackcelerator Demo Day, where they had pitched their innovations to an industry panel from around the world. The winners are:
- Matter – Matter Analytics – S$50,000
- RegulAItion Ltd AIR Platform – S$50,000
- Intensel Limited Advanced Physical Climate Risk Analytics – S$50,000
The winners of the Fintech Awards were selected from a total of 326 submissions from across 55 countries.
The twelve winners were selected under four categories – Singapore Founder, ASEAN Fintech, Singapore Financial Institution, and Global. The winners are:
Award Category | Placing | Company Name | Solution Name | Country | Prize |
Singapore Founder |
1st |
Triterras Fintech Pte. Ltd. |
Kratos |
Singapore |
S$150,000 |
2nd |
finChat Technology Pte Ltd |
Wealth Chat |
Singapore |
S$100,000 |
|
3rd |
Hashstacs Pte Ltd |
Trident Platform – End to End Bond Lifecycle in a Box |
Singapore |
S$50,000 |
|
ASEAN FinTech |
1st |
AwanTunai, Windy Hill Pte. Ltd |
AwanTunai digitising supply chain transaction data |
Singapore |
S$150,000 |
2nd |
NXTBK, Inc. |
Nextbank Cloud ‘Bank-in-a-box’ |
Philippines |
S$100,000 |
|
3rd |
FlexM Pte Ltd. |
Agrani Remit App powered by FlexM’s Fintech-as-a-Service solution |
Singapore |
S$50,000 |
|
Singapore Financial Institution |
1st |
Validus Capital Pte Ltd |
Validus Credit and Customer Monitoring System (CCAAT) |
Singapore |
S$150,000 |
2nd |
Oversea-Chinese Banking Corporation Limited |
HealthPass by OCBC |
Singapore |
S$100,000 |
|
3rd |
DBS Bank |
Credit Architecture Programme – Credit eMemo |
Singapore |
S$50,000 |
|
Global |
1st |
Swiss Reinsurance Company Ltd. Beijing Branch |
SRAIRMP (Swiss Re Agriculture Insurance Risk Management Platform) |
Switzerland |
S$150,000 |
2nd |
AIZEN Global Co., Inc. |
ABACUS / Credit Card Payment Fraud Detection System with Deep Learning |
Republic of Korea |
S$100,000 |
|
3rd |
The Bank of New York Mellon Corporation |
Changing the Way Institutional Investors Manage, Monitor & Analyse ESG Factors across their Portfolio |
United States |
S$50,000 |