Uncategorized
2020 World Fintech Innovation Problem Winners Introduced
The Financial Authority of Singapore (MAS) has introduced the winners of the 2020 World Fintech Innovation Problem. This yr the theme was “Constructing Resilience, Seizing Alternatives, Rising Stronger,” acceptable through the time of COVID. The awards had been handed out as we speak on the Singapore Fintech Competition x Singapore Week of Innovation and TeCHnology (SFF x SWITCH) 2020.
“The World Fintech Hackcelerator and the Fintech Awards have served as key platforms to determine and recognise modern, high-quality options which are in a position to tackle actual wants within the monetary business,” stated Sopnendu Mohanty, Chief Fintech Officer at MAS. “This yr, MAS selected the theme of “Constructing Resilience, Seizing Alternatives, Rising Stronger” for the Fintech Innovation Problem, as a clarion name to Fintechs to play a better function in addressing the generational challenges of COVID-19 and local weather change. We’re happy to see this yr’s winners exhibit robust potential in serving to the business deal with these essential points. MAS would additionally wish to thank KPMG Digital Village and PwC Singapore for his or her continued assist.”
The winners of the World Fintech Hackcelerator had been chosen through the World Fintech Hackcelerator Demo Day, the place they’d pitched their improvements to an business panel from all over the world. The winners are:
- Matter – Matter Analytics – S$50,000
- RegulAItion Ltd AIR Platform – S$50,000
- Intensel Restricted Superior Bodily Local weather Danger Analytics – S$50,000
The winners of the Fintech Awards had been chosen from a complete of 326 submissions from throughout 55 nations.
The twelve winners had been chosen below 4 classes – Singapore Founder, ASEAN Fintech, Singapore Monetary Establishment, and World. The winners are:
| Award Class | Inserting | Firm Title | Resolution Title | Nation | Prize |
Singapore Founder |
1st |
Triterras Fintech Pte. Ltd. |
Kratos |
Singapore |
S$150,000 |
2nd |
finChat Know-how Pte Ltd |
Wealth Chat |
Singapore |
S$100,000 |
|
third |
Hashstacs Pte Ltd |
Trident Platform – Finish to Finish Bond Lifecycle in a Field |
Singapore |
S$50,000 |
|
ASEAN FinTech |
1st |
AwanTunai, Windy Hill Pte. Ltd |
AwanTunai digitising provide chain transaction knowledge |
Singapore |
S$150,000 |
2nd |
NXTBK, Inc. |
Nextbank Cloud ‘Financial institution-in-a-box’ |
Philippines |
S$100,000 |
|
third |
FlexM Pte Ltd. |
Agrani Remit App powered by FlexM’s Fintech-as-a-Service answer |
Singapore |
S$50,000 |
|
Singapore Monetary Establishment |
1st |
Validus Capital Pte Ltd |
Validus Credit score and Buyer Monitoring System (CCAAT) |
Singapore |
S$150,000 |
2nd |
Oversea-Chinese language Banking Company Restricted |
HealthPass by OCBC |
Singapore |
S$100,000 |
|
third |
DBS Financial institution |
Credit score Structure Programme – Credit score eMemo |
Singapore |
S$50,000 |
|
World |
1st |
Swiss Reinsurance Firm Ltd. Beijing Department |
SRAIRMP (Swiss Re Agriculture Insurance coverage Danger Administration Platform) |
Switzerland |
S$150,000 |
2nd |
AIZEN World Co., Inc. |
ABACUS / Credit score Card Cost Fraud Detection System with Deep Studying |
Republic of Korea |
S$100,000 |
|
third |
The Financial institution of New York Mellon Company |
Altering the Approach Institutional Traders Handle, Monitor & Analyse ESG Components throughout their Portfolio |
United States |
S$50,000 |