Here Are the Winners of MAS’ 2020 Global Fintech Innovation Challenge

Here Are the Winners of MAS’ 2020 Global Fintech Innovation Challenge

by December 11, 2020
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The Monetary Authority of Singapore (MAS) has announced the results of the MAS Global FinTech Innovation Challenge 2020.

The MAS Global FinTech Innovation Challenge comprises 2 distinct competitions; MAS Global FinTech Hackcelerator and MAS FinTech Awards with a total cash prize of S$1,750,000.

Under the theme of “Building Resilience, Seizing Opportunities, Emerging Stronger”, three winners for the Global FinTech Hackcelerator and twelve winners for the MAS FinTech Awards have been selected for their solutions that address the challenges faced by the financial industry due to the COVID-19 pandemic and climate change.

Both awards were handed out at the Singapore FinTech Festival x Singapore Week of Innovation and TeCHnology (SFF x SWITCH) 2020.



Mr Sopnendu Mohanty, Chief FinTech Officer, MAS said,

Sopnendu Mohanty, Chief Fintech Officer, MAS 2020 Global Fintech Innovation Challenge

Sopnendu Mohanty

“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. 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 Demo Day, where they had pitched their innovations to an industry panel from around the world. The Local Programme of the accelerator was supported by KPMG Digital Village.

Here are the winners of the awards:

Winners of 2020 Global FinTech Hackcelerator (in no order of merit):

Matter

Matter Sg Fintech Festival MAS Announces Winners of the 2020 Global FinTech Innovation Challenge

Prize Money: S$50,000

RegulAItion Ltd

RegulAItion MAS Announces Winners of the 2020 Global FinTech Innovation Challenge

Prize Money: S$50,000

Intensel Limited

Intensel Limited

Prize Money: S$50,000

Winners of the MAS FinTech Awards

The winners of the MAS FinTech Awards, supported by PwC Singapore, were selected from a total of 326 submissions from across 55 countries. The twelve winners were selected under four categories by an international panel comprising industry experts across multiple domains. The categories were namely Singapore Founder, ASEAN FinTech, Singapore Financial Institution and Global. The winners are:

Award Category: Singapore Founder

1st Place – Kratos – Singapore

Kratos Platform

Prize Money: S$150,000

2nd Place – finChat Technology Pte Ltd – Singapore

FinChat MAS Announces Winners of the 2020 Global FinTech Innovation Challenge

Prize Money: S$100,000 

3rd Place – Hashstacs Pte Ltd – Singapore

STACS

Prize Money: S$50,000

Award Category: ASEAN FinTech

1st Price – AwanTunai, Windy Hill Pte.Ltd – Singapore

AwanTunai

Prize Money – S$150,000

2nd Price – NXTBK, Inc. – Philippines

Nextbank

Prize Money – S$100,000

3rd Price – FlexM Pte Ltd. – Singapore

FlexM

Prize Money – S$50,000

Award Category: Singapore Financial Institution

1st Price – Validus Capital Pte Ltd – Singapore

Validus Capital

Prize Money – S$150,000

2nd Price – OCBC – Singapore

OCBC Bank

Prize Money – S$100,000

3rd Price – DBS Bank – Singapore

DBS Bank

Prize Money – S$50,000

Award Category: Global

1st Price – Swiss Re – Switzerland

Swiss Re MAS Announces Winners of the 2020 Global FinTech Innovation Challenge

Prize Money – S$150,000

2nd Price – AIZEN Global Co., Inc. – Republic of Korea

AIZEN Global MAS Announces Winners of the 2020 Global FinTech Innovation Challenge

Prize Money – S$100,000

3rd Price – BNY Mellon – United States

BNY Mellon MAS Announces Winners of the 2020 Global FinTech Innovation Challenge

Prize Money – S$50,000

 

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