Singapore: 2020 Global Fintech Innovation Challenge Winners Announced

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
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