mas-and-sfa-announce-award-winners-at-singapore-fintech-festival

MAS and SFA Announce Award Winners at Singapore FinTech Festival

 

The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) announced the award winners of the Global FinTech Hackcelerator, the SFF Global FinTech Awards and the Most Innovative FinTech e-Gifting Award, at the Singapore FinTech Festival. The winners, comprising financial institutions, FinTechs and solution providers, were recognised for their ground-breaking solutions that promote financial inclusion and sustainable development in the financial industry.

Global FinTech Hackcelerator

The theme for this year’s Global FinTech Hackcelerator is “Harnessing Technology to Power Green Finance”. The winners of the Global FinTech Hackcelerator were selected at Demo Day, held during SFF on 8 November 2021, where 20 finalists pitched their innovations to an international industry panel. Please refer to Annex A for the details of the competition and the judging panel. The top three teams are (in no order of merit)[1]:

Company Name

Solution Name

Country

Descartes Insurance Asia Pte Ltd

Descartes’ Parametric Insurance

France

RootAnt Global Pte Ltd and

Global Initiatives Communications Pte Ltd

BANCO

Singapore

YOUKI GmbH

WATTIFY

Germany

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 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’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.

SFF Global FinTech Awards

The SFF Global FinTech Awards brings together the FinTech Awards previously presented separately by MAS and SFA. The theme for this year’s Awards is “Emerging from a pandemic, the road to recovery.”

The 49 winners across 12 award categories were selected from a total of 298 submissions. The winners were chosen by an international panel comprising industry experts across multiple domains. Please refer to Annex B for the details of the competition and the judging panel.

The winners for the SFF Global FinTech Awards 2021 (presented by MAS) are[2]:

Award Category

Placing

Company Name

Solution Name

Singapore FinTech (Singapore Founder)

1st

GoalsMapper Pte Ltd

GoalsMapper

2nd

Aleta Planet Pte Ltd

AP-1

3rd

Brick Pte Ltd

Financial Data APIs

ASEAN FinTech

1st

ShuttleOne Pte Ltd

ShuttleOne Network

2nd

Regtank Technology Pte Ltd

Regtank Compliance Solution

3rd

Funding Asia Group Pte Ltd

Modal Kawan Mikro (Micro Friends Capital)

Singapore Financial Institution

1st

Asia Wealth Platform Pte Ltd

StashAway Wealth Management Solutions

2nd

NTUC Income Insurance Cooperative Limited

SNACK by Income

3rd

Industrial and Commercial Bank of China Limited (Singapore Branch)

ICBC Digital Trade Solutions

Global

1st

ReMark International B.V.

Good Life & BAM

2nd

FinScore Inc

FinScore A.C.E (Alternative Credit Evaluation) Portal

3rd

Nect GmbH

Selfie-Ident

The winners for the SFF Global FinTech Awards 2021 (presented by SFA) are:

Award Category (Individual)

(Winners are presented with a commemorative plaque)

Individual Name

Company

Top 10 FinTech Leaders

Caecilia Chu

YouTrip

Calvin Choi

AMTD Digital

Dhruv Arora

Syfe

Rahul Banerjee

BondEvalue

Rob Schimek

Bolttech

Tuhina Singh

Propine

Valenzia Yap

PolicyPal Group

Varun Mittal

EY

Venkatesh Saha

Wise

Vikas Nahata

Validus

ASEAN FinTech Leaders

Hendra Kwik

Fazz Financial Group

Kanagasabapathy Surendran

CIMB Bank Berhad

Marek Hovorka

Übank by VPBank

Mark Lo

AMTD Group

Sigit Kouwagam

Bibit.id

Women in FinTech

Melissa Wong

Bolttech

Samantha Horton

Syfe Pte Ltd

Smrithi Ravi

Wise

FinTech Leaders Under 30

Ian Lee

Merkle Science

Lisa Schroeder

Vestr

Milena Naitoh

Validus

Award Category (Corporate)

Company

FinTech Employer of the Year

Advance Intelligence Group

Nium

Revolut Technologies Singapore

Spark Systems

Wise

Knowledge Enterprise Award

AMTD Group

Apptio Singapore

Smartkarma Innovations

Social Impact Award

Credolab

MoneyOwl

Western Union

Partners of FinTech

AMTD Digital

Digital Treasures Center

F10 Global Innovation Network Singapore

GrabTaxi Holdings

Whitechalk (Surer)

Innovative E-Gifting Solution Awards

MAS encourages the public to use e-payments instead of physical notes for gifting during celebratory occasions and festivals, to build a greener and more sustainable future. The winners of the two new e-gifting awards are:

  • DBS Bank – “Most Innovative Bank E-Gifting Solution” award
  • Singtel Dash – “Most Innovative Wallet E-Gifting Solution” award

The entries were assessed by the Association of Banks Singapore (ABS) and SFA based on utility, impact, and innovation.[3] Additional points were awarded to solutions that helped users reduce their carbon footprint.

Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “The Global FinTech Hackcelerator, FinTech Awards and inaugural Innovative E-Gifting Solution Awards seek to champion and recognise innovative, high quality solutions that transform industry practices in the financial industry and develop opportunities for growth. It is heartening to see many impactful leading-edge digital solutions competing for this year’s Awards. In particular, the winning entries from financial institutions, FinTechs and technology providers displayed strong potential to enhance the growth and resilience of the financial sector as economies recover from the pandemic. Heartiest congratulations to all the winners!”

Mr Shadab Taiyabi, President of SFA, said, “The ground-breaking and innovative solutions that were recognised during the Global FinTech Awards are testament to the potential that technology holds in addressing challenges faced by the financial industry. As the economy gradually moves into a post-pandemic recovery phase, SFA remains committed to supporting and encouraging financial innovation that seeks to harness technology to power green finance, create growth opportunities and promote financial inclusion. We wish the heartiest of congratulations to all winners of the Global FinTech Awards, Global FinTech Hackcelerator and E-Gifting Solution Awards, and hope that these are just the start to many more solutions to come in the future.”

PR Newswire is the Supporting Media Partner of Singapore FinTech Festival 2021.

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