Meet the 20 Global Fintech Hackcelerator 2020 Finalists by MAS

Meet the 20 Global Fintech Hackcelerator 2020 Finalists by MAS

by November 26, 2020

The Monetary Authority of Singapore (MAS) has announced the 20 finalists for the 2020 Global FinTech Hackcelerator.

The finalists will pitch their solutions at the Global FinTech Hackcelerator Demo Day at the Singapore FinTech Festival x Singapore Week of Innovation and TeCHnology (SFF x SWITCH).

The finalists were selected through two parallel segments; the Local Programme, which addressed high-priority problem statements collated from the finance industry in Singapore and globally; and the International Programme, which comprised solutions from winners of fintech competitions organised by international partners.

In the Local Programme, supported by KPMG Digital Village, 10 finalists were shortlisted from over 270 submissions from across more than 40 countries. These submissions addressed 107 problem statements across four categories; Responding to a Global Pandemic; Green Finance Solutions; Green Finance Enablers; and Sustainability.

The International Programme participants comprised 10 winners from six independent fintech competitions organised by MAS‘ international partners.

This year, the Global FinTech Hackcelerator’s international partners are Abu Dhabi Global Market, Accelpoint, the Saudi G20 Presidency and the Bank for International Settlements Innovation Hub, the Central Bank of Kenya, the United Nations Capital Development Fund (UNCDF), and Women’s World Banking.

During Demo Day on 10 December, finalists will present their innovations and the top three winners will win S$50,000 in prize money each. All 20 finalists will also receive a S$20,000 cash stipend and be fast-tracked in their applications to receive grant funding under the MAS Financial Sector Technology and Innovation (FSTI) Proof-of-Concept Scheme.

Sopnendu Mohanty, Chief FinTech Officer, MAS said,

Sopnendu Mohanty, Chief Fintech Officer, MAS Global FinTech Hackcelerator

Sopnendu Mohanty

“Over the past four years, the Global FinTech Hackcelerator has provided fintechs from Singapore and around the world with an excellent platform to showcase innovative solutions that can solve key problems within the financial industry. This year, there is added urgency to address pressing challenges brought about by COVID-19 and climate change.


This is evident from the record number of problem statements submitted by the industry. We look forward to seeing our finalists use the Global FinTech Hackcelerator as a launchpad towards greater success while helping the financial industry tackle the health, economic, and climate crises facing our generation.”


Here are the companies that made the cut:

Finalists – Local Programme

3rd-eyes analytics AG

3rd-eyes analytics AG logo

3rd-eyes analytics offers financial institutions modular and flexible, white labelled Software-as-a-Service solutions that improve, automate, and interactively visualise wealth planning.

Intensel Limited

Intensel Limited logo

Intensel Limited is an AI-powered climate risk analytics software.

RegulAItion Ltd


RegulAItion’s AIR Platform is a data access and data sharing platform. It enables the sharing of insights from
data without the need to share the underlying data.

Alice SI Ltd

Alice SI Ltd logo

Alice is a decentralised impact funding and measurement platform based on the Ethereum blockchain.

PT Simplefi Teknologi Indonesia

PT Simplefi Teknologi Indonesia logo

AwanTunai is an app-based order management system which allows its downstream customers to order inventory remotely.

Social Trade Organisation

Social Trade Organisation logo

Its solution Cyclos is a payment software that provides tools that deliver additional sales, new clients and interest free loans to small and medium sized enterprises (SMEs).

GreenArc Capital Pte. Ltd.

GreenArc Capital Pte. Ltd. logo

GreenArc Capital is an impact fintech that helps to close the UN Sustainable Development Goals financing gap, connecting investors with curated impact investment opportunities focused on financial inclusion and climate action.

GIST Advisory Switzerland S.A.

GIST Advisory Switzerland S.A. logo

Its solution I360X is a Software-as-a-Service platform which assesses in dollar terms the Total Stakeholder Return (TSR) of a company across its major stakeholder groups (employees, community, government & shareholders), while also accounting negative natural capital impacts.


Matter provides sustainability and reporting solutions for asset managers, asset owners and banks.


bambu fintech logo

Its solution Sustainability Insights is a multi-asset machine learning product that allows banks, asset managers and Principles for Responsible (PRI) signatories to integrate material environmental, social and governance (ESG) considerations into the investment decision making process holistically.

Finalists – International Programme


SMECreditPro logo

The SMECreditPro Platform combines an online, intuitive SME application form with third-party innovative data sources and AI/ML to provide MSMEs with business, financial, and credit ratings.

Market IQ

Market IQ logo

Market IQ provides an end-to-end retail operating system to help companies optimise their supply chain, digitise
payment collection, and get deep analytics into delivery fulfilment, retailer inventory, and end customer behaviour.


ZigWay logo

ZigWay helps low income families access household essentials affordably, by providing a monthly subscription service that enables households to purchase quality household products, such as rice and cooking oil, in bulk.

Aeloi Technologies Pvt. Ltd.

Aeloi logo

Aeloi’s solution allows for monitoring of micro-business loans’ end-use. After establishing partnerships with financial institutions, service providers for goods and services are vetted, signed up and trained.

Tookitaki Holding Pte Ltd

Tookitaki Holding logo

Tookitaki’s solution is capable of monitoring and combating anti-money laundering/combating the financing of terrorism (AML/CFT) risks through crypto assets.


tyme logo

Tyme has partnered with to expand women SMEs’ data footprint, creating greater opportunities for FIs to lend to these SMEs.


Coinfirm logo

Coinfirm’s AML platform aggregates their various AML solutions (Investigations, Reclaim Crypto, AMLT) together, allowing for a one-stop platform for AML needs.



“Digital Regulation” was built by the ISDA-REGnosys team leveraging the ISDA Common Domain Model. Using a model-driven engineering approach, the solution enables reporting stakeholders to access a machine-readable and executable expression of the regulatory requirements and a reporting engine through which to run sample trades.


FNA logo

The G20 Monitor, built by FNA, was launched in response to the unprecedented challenges of the Covid19 crisis. The solution is a collection of 10 monitors containing over 30 interactive dashboards to explore and monitor the global financial system.


myAgro logo

myAgro has pioneered a mobile layaway tool for unbanked smallholder farmers.

Featured image: Singapore Fintech Festival