WeavInsight, FQX and Norbloc Win the MAS Global Fintech Hackcelerator 2022
by Fintechnews Singapore November 7, 2022FQX, norbloc and WeavInsight are the winners of the Global Fintech Hackcelerator 2022, organised by the Monetary Authority of Singapore (MAS) and Oliver Wyman.
This year’s programme, which focuses on Web 3.0 and green finance, was designed based on problem statements from over 50 financial institutions and industry players.
The competition comprised local and international scouting programmes. This year’s international programme partners included Accelpoint, F10, Finance for Tomorrow, and Fintech Australia.
All 17 finalists received a S$20,000 cash stipend and are eligible for a fast-tracked application for MAS’ Financial Sector Technology and Innovation (FSTI) Proof-of-Concept grant of up to S$200,000.
The finalists then presented their solutions during the Global Fintech Hackcelerator Demo Day at the Singapore Fintech Festival 2022, where the top three winners received S$50,000 each in prize money.
This year’s winning solutions were selected by an industry panel representing MAS, Oliver Wyman, ADDX, BNP Paribas, Crypto.com, HSBC, Julius Baer, MUFG, Open Space Ventures, and State Street.
The MAS Global Fintech Hackcelerator 2022 Winners
WeavInsight (Singapore)
WeavInsight’s WeavAir leverages new modular sources of data and analytics technology to provide ESG KYC and parametric ESG intelligence platforms.
The platform combines networks of sensors, satellite imagery and drone data capture systems to track greenhouse gas emissions, and makes use of proprietary machine learning models to provide insights tailored to customer needs.
norbloc (Sweden)
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.
The company has implemented a blockchain-based data sharing platform at scale with large international financial institutions and governmental bodies.
FQX (Switzerland)
FQX aims to revolutionise short-term financing for businesses by providing tokenised debt infrastructure.
The platform provides on-chain settlement and promises cheaper issuance fees, increased capital efficiency, regulated debt securities, and shorter processing times.
