Twelve innovative FinTech solutions recognised at the 2018 FinTech Awards
Singapore, 14 November 2018… The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 12 FinTech companies a total of S$1.2 million at the FinTech Awards, which took place at the .
2 This year’s winning solutions have a greater ASEAN representation
|ASEAN Open Award
||1st place – LenddoEFL (Philippines)||S$150,000|
|2nd place – SQREEM Technologies (Singapore)||S$100,000|
|3rd place – Finantix Asia Pacific (Singapore)||S$50,000|
|ASEAN SME Award
||1st place – FinAccel Teknologi (Indonesia)||S$150,000|
|2nd place – Katipult (Thailand)||S$100,000|
|3rd place – MoneyMatch Transfer (Malaysia)||S$50,000|
|Singapore Founder Award
||1st place – CCRManager||S$150,000|
|2nd place – Cynopsis Solutions||S$100,000|
|3rd place – Thin Margin||S$50,000|
||1st place – Everspin (South Korea)||S$150,000|
|2nd place – Naffa Innovations (India)||S$100,000|
|3rd place – Keychain (Japan)||S$50,000|
Please refer to Annex A for the top winners’ solutions and their quotes.
3 The FinTech Awards, supported by PwC, recognises innovative FinTech solutions that have been implemented by FinTech companies, financial institutions and technology companies.
4 This year, 40 finalists were shortlisted from more than 280 global submissions including the companies who participated in the ASEAN PitchFest
5 Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “We are delighted to see more talent in the region coming through the new ASEAN PitchFest and to observe how the winners are applying FinTech solutions to a wide range of business areas. We are thankful for the strong support from partners like PwC and industry experts who worked closely with us to identify and recognise the growing pool of FinTech talent.”
6 Mrs Ong-Ang Ai Boon, Director, ABS added, “ABS congratulates all the winners and finalists of the 2018 FinTech Awards. We are proud to recognise and honour the best and most sophisticated innovators arising from a good cross-section of the growing FinTech community at the Singapore FinTech Festival 2018. This is yet another feather in the cap for the third edition of the Festival in harnessing the power of the talented FinTech game changers.”
7 The awards were presented to the winners during the Singapore FinTech Festival by Mr Ravi Menon, Managing Director, MAS, Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, Mr Calvin Choi, Chairman of the Board of Directors and President, AMTD Group, and Mr Piyush Gupta, Chief Executive Officer, DBS.
About the Singapore FinTech Festival ()
Singapore FinTech Festival (SFF) is the world’s largest FinTech festival and global platform for the FinTech community, drawing more than 30,000 participants last year which comprised of FinTech players, technopreneurs, policy makers, financial industry leaders, investors including private equity players and venture capitalists, and academics. The 2018 Festival will see participants from over 100 countries and host more than 250 global luminaries and 400 exhibitors, featuring highlights such as the FinTech Conference with a new AI in Finance Summit and Global Investors’ Summit, the FinTech Awards, Global FinTech Hackcelerator, Innovation Lab Crawl, Industry Networking and Workshops. The Festival is organised by the Monetary Authority of Singapore (MAS) in partnership with The Association of Banks in Singapore and in collaboration with SingEx Holdings. Festival Grand Sponsors include AMTD, Deloitte, GIC, Google Cloud and Prudential. Find out more at .
About the Monetary Authority of Singapore
As Singapore’s central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector. As Singapore’s integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education. MAS works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.
About The Association of Banks in Singapore
The Association of Banks in Singapore (ABS) plays an active role in promoting and representing the interests of the banking community in Singapore. In doing so, ABS works closely with the relevant government authorities towards the development of a sound financial system in Singapore. Since its establishment in 1973, ABS has promoted common understanding among its members and projected a unifying voice on banking issues. It has brought its members closer together through various guidelines and banking practices as well as the support of projects of mutual benefit to face the challenges of the financial and banking community in Singapore. Today, ABS has a membership of 158 local and foreign banks. More information on ABS is available on the website: .