Check Out the Winners of the Green Finance Themed Global Fintech Hackcelerator
by Fintech News Singapore November 12, 2021The Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) announced the award winners of the Global Fintech Hackcelerator at the Singapore Fintech Festival.
The theme for this year’s Global Fintech Hackcelerator is “Harnessing Technology to Power Green Finance”.
The winners were selected at Demo Day, held during SFF on 8 November 2021, where 20 finalists pitched their innovations to an international industry panel.
The top three winners will receive S$50,000 each in prize money.
Descartes Insurance Asia
Solution’s Name: Descartes’ Parametric Insurance
Country: France
Solution’s Description:
Descartes Insurance’s winning solution processes data from satellite imagery, IoT, radars and sensors of partners to provide insurance coverage on natural catastrophic events with guaranteed and pre-determined payouts, which would be disbursed within a few days of the event.
RootAnt Global and Global Initiatives Communications
Solution’s Name: BANCO
Country: Singapore
Solution’s Description:
RootAnt and Global Initiatives’ solution incorporates sustainability elements onto a digital platform to assess the sustainability preparedness of SMEs suppliers in the value chain, and empower them to raise green financing from banks.
YOUKI
Solution Name: WATTIFY
Country: Germany
Solution’s Description:
YOUKI’s WATTIFY tokenises renewable energy assets into investment products with smaller ticket size to increase its accessibility to a wider pool of investors.
It also facilitates the onboarding of investors in a manner conforming to regulations, and matches investors with appropriate investment opportunities.
