Meet the 17 Finalists for This Year’s Global Fintech Hackcelerator
by Fintech News Singapore October 31, 2022This year’s Global Fintech Hackcelerator, organised by the Monetary Authority of Singapore (MAS) and supported by Oliver Wyman, is themed “Accelerating A Greener Digital Future” and focuses on web 3.0 and green finance.
The 17 finalists will receive a S$20,000 cash stipend and be eligible for a fast-tracked application process to receive a cash grant of up to S$200,000 under the MAS Financial Sector Technology and Innovation (FSTI) Proof-of-Concept Scheme.
The 10 local finalists and seven international finalists will also pitch their solutions at a demo day during the Singapore Fintech Festival (SFF), where the top three winners will each receive S$50,000 in prize money.
Sopnendu Mohanty
“We look forward to seeing our finalists achieve greater success in their business as we all contribute towards building a strong and sustainable financial industry,”
said Sopnendu Mohanty, Chief Fintech Officer, MAS.
Chia Tek Yew
“It has been exciting for us to work with finalists of the MAS Global Fintech Hackcelerator and guide these future champions early in their journey to solve real world issues,”
said Chia Tek Yew, Vice Chairman, Singapore of Oliver Wyman.
Cogo (local)
Cogo pulls categorised transactional data from banking or accountancy platforms and assigns an emission factor to calculate the carbon footprint for each transaction.
ESGnie (local)
ESGnie provides ESG teams end-to-end operating systems for performing a variety of complex data tasks in an automated manner.
GIST Impact (local)
GIST Impact ingests data from listed companies and returns impact information in monetary units mapped to international regulatory standards and investing benchmarks.
givvable (local)
givvable’s solution matches suppliers with third party recognised sustainability and ESG actions that are auto-mapped to corporate targets, impact objectives and reporting standards.
WeavInsight (local)
WeavInsight leverages new modular sources of data and analytics technology to provide real-time data on ESG risks and climate change for ESG KYC and parametric ESG intelligence platforms.
norbloc (local)
norbloc’s flagship platform, Fides, connects financial institutions and government entities in an ecosystem where KYC data is validated and shared, thus mutualising the burden of KYC and removing data silos.
swIDch (local)
swIDch aims to eliminate digital identity-related fraud through OTACTM, a dynamic code that identifies and authenticates a user with the code alone and even without a network connection.
Taurus SA (local)
Taurus’ platform digitises any type of private market instruments including equity, debt, structured products, real estate, art, and commodities.
VerifyVASP (local)
VerifyVASP’s Travel Rule solution has processed about 1.7 million Travel Rule compliant transactions across multiple jurisdictions valued at over US$40 billion since going live at the end of March 2022.
Aleph Zero (international)
Aleph Zero enables users to combat identity theft and ensure KYC, KYB and AML compliance while revealing sensitive information via zero-knowledge technology.
Azzera (international)
Azzera is a climate fintech focused on serving hard-to-decarbonise industries by providing emissions measurement and a user-friendly integrated environmental marketplace.
Blockbank (international)
Blockbank connects TradFi, CeFi and DeFi in a single application and offers financial institutions and their clients an expanded set of products and services.
Civic Ledger (international)
Civic Ledger serves public sector markets by tokenising real-world assets that can be traded and exchanged directly and in real-time on digital platforms.
JOOS (international)
JOOS® is a web 3.0 tool which enables content creators to build their own independent creator business and realise a steady income from their communities.
Ormex (international)
Ormex provides a registry service for carbon certificates, a digital marketplace for carbon offsetting, and enables price discovery through published public smart contracts.
Sweep for Finance (international)
Sweep for Finance provides carbon data on investments, enabling organisations to easily and securely connect with their portfolio companies and take action collaboratively.
