Global Fintech Hackcelerator Singapore 2018, Applications Openby Company Announcement May 7, 2018
Applications open for the Global Fintech Hackcelerator programme, powered by KPMG in Singapore’s Digital Village and KPMG’s Matchi fintech matchmaking platform. Finals of the programme (“Demo Day’’) will be held at the Singapore Fintech Festival taking place from 12–16 November 2018.
Visit here to apply for the 2018 Global Fintech Hackcelerator – deadline for applications is 15 June 2018.
Start-ups from all over the world entering the Global Fintech Hackcelerator will demonstrate how they can innovate to address problem statements collected from the financial industry in areas including financial inclusion, insurtech and reg tech/sup tech.
Up to 20 start-ups will be shortlisted and matched with industry champions and business sponsors for mentoring and guidance, with 12 weeks to refine and tailor their market-ready solutions into customized use cases, in time for the Singapore Fintech Festival. KPMG in Singapore’s Digital Village, as well as other subject-matter experts, will help these start-ups in product development, proof-of-concept, commercialization and even subsequent fundraising if needed.
Win 20’000 SGD at the Fintech Hackcelerator 2018
As these start-ups build relationships with a community of passionate game changers in the fintech eco-system though the hackcelerator, they will also benefit from Digital Village’s collaborative ecosystem comprising corporates, investors and government bodies to drive the adoption and integration of innovative solutions. The shortlisted start-ups will also each receive a cash stipend of up to SGD 20,000.
Shortlisted start-ups will pitch their solutions on the “Demo Day” of the Singapore Fintech Festival to a judging panel representing a cross-section of the financial industry. Solutions will be judged on their relevance to the problem statement, innovativeness, business potential, and the team’s ability to execute.
The top three start-ups that emerge from Demo Day will each receive an additional cash prize of SGD $50,000.
The Singapore Fintech Festival, organized by the Monetary Authority of Singapore (MAS), is a platform for key stakeholders of the global and regional fintech community to connect, learn from one another and co-create new solutions to real problems. It is the largest fintech event and fintech platform in the world, attracting more than 30,000 participants, decision-makers and investors from 109 countries in 2017.
Mr. Jan Reinmueller, Head of Digital Village, KPMG in Singapore says,
“We are delighted to partner with the MAS for the second consecutive year to launch the Global Fintech Hackcelerator as one of the highlights of the Singapore Fintech Festival. The hackcelerator enables innovative start-ups to showcase their solution for significant fintech challenges in one of the top industry forums.
It is also an opportunity for start-ups to tap into the global expertise of KPMG fintech professionals to super-charge their growth trajectory, and to use Singapore, a global fintech capital, as their launch pad to market-validate their ideas and gain market entry into Asia Pacific.”