MAS and SFA announce award winners at Singapore FinTech Festival
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Singapore, 4 November 2022… The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) announced the winners of the Global FinTech Hackcelerator and SFF Global FinTech Awards, at the Singapore FinTech Festival (SFF). The winners, consisting of financial institutions, FinTechs and solution providers, were recognized for their innovative solutions that can help accelerate the pace of digitalisation, innovation and sustainability in the financial services industry.
Global FinTech Hackcelerator
2 The theme for this year’s Global FinTech Hackcelerator is “Accelerating A Greener Digital Future”, with a dual focus on Web 3.0 and Green Finance. The winners of the Global FinTech Hackcelerator were selected at Demo Day, held during SFF on 2 November 2022, where 17 finalists presented their innovations to an international industry panel. See Appendix A for details of the competition and the judging panel. The top three teams are (in no order)
| company name | Solution name | Country |
| FQX | eNotesTM | Switzerland |
| norbloc | Fides | Sweden |
| WeavInsight | WeavAir | Singapore |
3 FQX’s solution offers a highly efficient infrastructure that provides on-chain settlement of tokenized debt securities. It enables cheaper issuance fees and increased capital efficiency.
4 norbloc’s solution offers a digital onboarding platform that covers the entire know-your-customer (KYC) lifecycle from data collection, administration and validation to data sharing and revenue generation.
5 WeavAir combines cutting-edge AI analytics with new data sources such as satellite imagery to gather accurate and real-time data that enables decision makers to achieve their ESG goals faster and more effectively.
SFF Global FinTech Awards
6 The theme for this year’s SFF Global FinTech Awards is “Embrace digital, map the new normal.” The 36 winners divided into nine award categories were selected from a total of 223 entries. The winners were chosen by an international panel of industry experts across several domains. See Appendix B for details of the competition and the judging panel.
7 The winners of the SFF Global FinTech Awards 2022 (presented by MAS) are
| Price category | Placement | company name | Solution text |
| Singapore FinTech (Founder of Singapore) | 1St | Metaverse Green Exchange Pte. Ltd. | MVGX Carbon Suite in the fight against sustainability |
| 2n.d | Validus | Automatic Working Capital (AWC) loan guarantee in just one minute | |
| 3rd | AsiaVerify (UNSD Information Technology Pte Ltd) | Asia’s leading device resolution technology | |
| ASEAN FinTech | 1St | FlexM Pte. Ltd. | Revive offline payment solutions for retail during the pandemic |
| 2n.d | Know your customer | Digital solutions for seamless client onboarding | |
| 3rd | Mambu | Cloud banking platform to empower Islamic banks to transform | |
| Singapore financial institution | 1St | BondEvalue | BondbIoX: The world’s first fractional bond exchange |
| 2n.d | Standard Chartered Bank | Banking-as-a-service solution | |
| 3rd | ICBC Singapore | ICBC innovative blockchain services | |
| Global | 1St | MasterCard | Turn purchases into meaningful action with the Priceless Planet Carbon Calculator |
| 2n.d | Valocity Global | One smart platform – digitizing the end-to-end real estate decision-making process | |
| 3rd | Stem shelter | Stemly Cashflow planning solution with sustainability strategy |
8 The winners of the SFF Global FinTech Awards 2022 (presented by the SFA) are:
| Price category (individual) | Individual name | Company |
| Top 10 FinTech Leaders | Andrew Gazal | ESGTech |
| El Lee | Digital Treasures Center Pte. Ltd. | |
| Kelly-Ann McHugh | MyComplianceOffice Pte. Ltd. | |
| Manish Bhai | UNObank Inc. | |
| Natalia Mykhaylova | WeavInsight Pte. Ltd. | |
| Nick Wilde | Thinking Machine Pte. Ltd. | |
| Rajaram Kannan | BondEvalue Pte. Ltd. | |
| Sanjay Uppal | Finbots AI Solutions Pte. Ltd. | |
| Seong Ouk Choi | Sentbe Pte. Ltd. | |
| Shi Alice Chen | ESGTech | |
| ASEAN FinTech Leaders | Cristina Amor Maclang | GeiserMaclang |
| David Chen | Atom Financial | |
| Eddy (Kok Hoe) Wong | VSure Group | |
| Salim Dhanani | BigPay | |
| Sohini Rajola | Western Union | |
| Price category (business) | Company | |
| FinTech employer of the year | Atom Financial | |
| Thunes | ||
| YouTrip | ||
| Partners for FinTech | MasterCard | |
| SC Ventures | Standard Chartered | ||
| Singlife with Aviva | ||
| Knowledge enterprise | BondEvalue | |
| Chain analysis | ||
| Chintai Network Services | ||
9 Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said: “We are very encouraged by the innovative, cutting-edge solutions presented by the winners and finalists of this year’s Global FinTech Hackcelerator and FinTech Awards. The winning entries have shown great potential to tackle problems in the real world, while allowing the financial sector to harness the enormous benefits of new technology in their journey towards a greener digital future.Our warmest congratulations to all the winners of the Global FinTech Awards!
10 Mr Shadab Taiyabi, President of the SFA, said: “Innovative technologies continue to have enormous potential to enhance FinTech offerings and shape the wider financial sector. Through the Global FinTech Awards and the Global FinTech Hackcelerator, we want to celebrate and recognize individuals and businesses that has a positive impact on the FinTech ecosystem while encouraging and fostering a culture of continued innovation within the FinTech sector.”
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