WeavInsight, FQX and Norbloc Win the MAS Global Fintech Hackcelerator 2022by Fintech News Singapore November 7, 2022
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.
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.
The MAS Global Fintech Hackcelerator 2022 Winners
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’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 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.