The Monetary Authority of Singapore announced the finalists for the 2017 Global Fintech Hackcelerator and Fintech Awards. A prize pool of up to $1.15 million Singapore dollars is up for grabs.
The Global Fintech Hackcelerator and Fintech Awards are among the highlights of this year’s Singapore Fintech Festival, (SFF) which will take place in Singapore from 13 to 17 November 2017. As a media partner finews.asia will be bringing full coverage and exclusive interviews with the key contributors.
Forty Nations
In May 2017, the Monetary Authority of Singapore (MAS) published a catalogue of 100 problem statements gathered from the financial industry and invited the global fintech community to develop new and innovative solutions to any of the problems for the Global FinTech Hackcelerator. The problem statements fall under 4 categories: Customer-Facing, Financial Inclusion, RegTech, and General.
MAS received 580 submissions from over 40 countries. From the submissions, 20 teams were shortlisted by a panel of industry judges. The chosen teams will undergo a 12-week programme, led by KPMG Digital Village, during which they will work and meet with corporates, investors, partners and regulators. The teams will present a working prototype of their solutions at Demo Day, which will be held on 16 November 2017 (Day 4 of the FinTech Festival).
Fintech Awards Finalists
The FinTech Awards, comprising the MAS Fintech Awards and ABS Global FinTech Award, recognises innovative fintech solutions that have been implemented by fintech start-ups, financial institutions, and technology companies. 30 finalists were shortlisted by a panel of industry judges from 309 submissions.
Up to 10 winners will be selected by a panel of judges comprising international experts across multiple domains. All finalists will be evaluated on 4 criteria: (i) Impact, (ii) Practicality, (iii) Interoperability, and (iv) Uniqueness and Creativity. The selection process for the Fintech Awards is led by PwC.
finews.asia will be on hand to report and speak with the winners of the Global Fintech Hackcelerator and Fintech Awards on the 16 November 2017. As well as considerable kudos, a prize pool of up to $ 1.15 million Singapore dollars is also up for grabs!
