MAS Announces Finalists for the Global FinTech Hackcelerator and FinTech Awards

MAS Announces Finalists for the Global FinTech Hackcelerator and FinTech Awards

by September 16, 2017
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The Monetary Authority of Singapore (MAS) announced the finalists for the 2017 Global FinTech Hackcelerator and FinTech Awards. The Global FinTech Hackcelerator and FinTech Awards are among the highlights of this year’s Singapore FinTech Festival, which will take place in Singapore from 13 to 17 November 2017.

Global FinTech Hackcelerator

In May 2017, MAS published a catalogue of 100 problem statements gathered from the financial industry and invited the global FinTech community to develop new and innovative solutions to any of the problems for the Global FinTech Hackcelerator. The problem statements fall under 4 categories: Customer-Facing, Financial Inclusion, RegTech, and General.

MAS received 580 submissions from over 40 countries. From the submissions, 20 teams were shortlisted by a panel of industry judges (See Annex A for the panel of judges). The entries were evaluated on (i) Relevance, (ii) Competitive Advantage, (iii) Revenue, (iv) Scalability, (v) Business Stage, and (vi) Team Experience.

The details of shortlisted teams can be found in Annex B. The Global FinTech Hackcelerator provides a platform for the finalists to work with corporate champions and industry mentors to convert their proposals into market-ready solutions by the time of the FinTech Festival.

List of Global FinTech Hackcelerator Finalists

Customer-Facing

ernit fintech

Ernit (Denmark)

Moxtra (India)

PayKey (Israel)

Smartfolios (Singapore)

SnapCheck, Inc. (USA)

Financial Inclusion

AID:Tech (UK)

Alternative Circle (Kenya)

ConfirmU (Israel)

ftcash (India)

MyCash Online (Malaysia)

RegTech

Apiax (Switzerland)

Dathena Science (Singapore)

Solus Connect (Malaysia)

Trunomi (USA)

VoxSmart (UK)

General

Kyckr (Ireland)

Lingua Custodia (France)

Privé Services (Hong Kong)

Roameeo (Australia)

SQREEM (Singapore)

The teams will undergo a 12-week programme, led by KPMG Digital Village, during which they will work and meet with corporates, investors, partners and regulators. The teams will present a working prototype of their solutions at Demo Day, which will be held on 16 November 2017 (Day 4 of the FinTech Festival).

This will be followed by a Q&A session with the judges. The Demo Day judging panel, which represents a cross-section of the financial industry, will evaluate teams on their relevance to address the problem statement, company’s business potential, innovativeness of idea, and team profile and ability to execute.

FinTech Awards

Company NameSolution Name
AGDELTA Pte LtdDigital Wealth Platform (DWP)
AIDA Technologies Pte LtdClaims Expeditor – STP
Asia Risk Transfer Solutions (ARTS)Crop Risk Expert System (CRES)
Attores Pte LtdOpen Certificates
BeamAndGo Pte Ltd BeamAndGo
Blocko Lotte Card Blockchain-based Authentication
CashShield Vanguard
Citibank Singapore Acquisition API
First Data First Data Universal Commerce Solution (uCom)
FlywireFlywire International Payment Solution
FOMO Pay Pte Ltd FOMO Pay App
HDH Capital Management Pte LtdMandelbrot Cue
HedgeSPA Pte Ltd HedgeSPA Core Investment Platform
Hitpay Technologies Pte Ltd HitPay Keyboard
Instarem Pte Ltd InstaReM Payment Solution
Mercer (Singapore) Pte Ltd Jenneke Chatbot for Employee Health & Benefits Administration
MobidooSonic Payment Solution
O2O Technologies Pte Ltd
Kristal.AI
Planar Investments Pte Ltd
WeInvest Digital Wealth Solutions
PortfolioQuestPortfolioQuest
SignzyRemote Digital Current Account Opening for SMEs
Silent Eight Pte Ltd
Silent Eight
Singapore Life Pte Ltd N/A
 SingX Pte Ltd SingX
Spark Systems Pte LtdSpark FX
Symphony Communication Symphony
The Association of Banks in Singapore PayNow
United Overseas Bank Telco Insights POC
 VoxSmart Pte Ltd Mobile Compliance and Surveilliance
 Weeshing Inc. Weeshing

 

The FinTech Awards, comprising the MAS FinTech Awards and ABS Global FinTech Award, recognises innovative FinTech solutions that have been implemented by FinTech start-ups, financial institutions, and technology companies. 30 finalists (See Annex C for the details of the finalists) were shortlisted by a panel of industry judges from 309 submissions.

List of FinTech Awards finalists

Up to 10 winners will be selected by a panel of judges comprising international experts across multiple domains. All finalists will be evaluated on 4 criteria: (i) Impact, (ii) Practicality, (iii) Interoperability, and (iv) Uniqueness and Creativity. The selection process for the FinTech Awards is led by PwC.

The winners of the Global FinTech Hackcelerator and FinTech Awards will be announced at the FinTech Awards Night, to be held at Singapore Expo on 16 November 2017. Holders of the 3-day FinTech Conference pass will have access to the FinTech Awards Night.

Sopnendu Mohanty, Chief FinTech Officer, MAS, said:

Sopnendu Mohanty

“When we first conceived of the Global FinTech Hackcelerator and the FinTech Awards in 2016, our goal was to encourage innovation in Singapore. One year on, we are pleased to see an improvement in the quality and variety of submissions for both the Global FinTech Hackcelerator and the FinTech Awards. The sustained interest in these initiatives reflects the growth and evolution of the Singapore FinTech ecosystem.”

 

 

Article first appeared on mas.gov.sg

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  1. #1 Singapore Fintech Festival 2017: All You Need To Know | Fintech Singapore 10 November, 2017, 18:18

    […] more than 580 submissions from over 40 countries, MAS selected 20 startups for this year’s Global Fintech Hackcelerator program. These include Smartfolios […]

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