The United Kingdom (UK) and Singapore held the 7th UK-Singapore Financial Dialogue in Singapore today. Both countries renewed their commitment to deepening the UK-Singapore Financial Partnership that was agreed in 2021, discussed mutual priorities such as sustainable finance, FinTech and innovation, and agreed on further cooperation in these areas.
MAS Announces 65 Finalists for the 2022 Global FinTech Hackcelerator and FinTech Awards
Singapore, 28 October 2022… The Monetary Authority of Singapore (MAS) announced today the 65 finalists for the Global FinTech Hackcelerator, and the Singapore FinTech Festival (SFF) Global FinTech Awards. These Awards are among the highlights of SFF 2022, which will take place from 2 to 4 November 2022.
Global FinTech Hackcelerator 2022
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 17 finalists, comprising FinTech firms and solution providers, will pitch their solutions at the Global FinTech Hackcelerator Demo Day at SFF on 2 November 2022. All finalists will receive a S$20,000 cash stipend and be eligible for a fast-tracked application process to receive a cash grant of up to S$200,000, under the MAS Financial Sector Technology and Innovation (FSTI) Proof-of-Concept Scheme
3 Ten finalists were shortlisted through the Local Programme and another seven from the International Partner Programme.
- Local Programme – MAS and Oliver Wyman shortlisted 10 finalists from over 100 submissions which addressed more than 50 high-priority problem statements collated from financial institutions and industry players in Singapore and globally. Over 70 submissions were from the Asia Pacific region.
- International Partner Programme – This programme attracted solutions from winners of Web 3.0 and Green Finance-related competitions organised by selected international partners. This year’s international partners are Accelpoint and the Polish Investment & Trade Agency
by and the ., F10 and powered by ., Finance for Tomorrow by, and FinTech Australia by .. Seven winners from the programmes run by these international partners were placed in the finals of the Global FinTech Hackcelerator.
SFF Global FinTech Awards 2022
4 The theme for this year’s SFF Global FinTech Awards is “Embracing Digital, Charting the New Normal”. The Awards, supported by PwC Singapore, seeks to recognise innovative initiatives that have demonstrated potential to create new growth opportunities, transform industry practices, promote financial inclusion, and actively integrate environmental, social, and governance (ESG) factors as part of their overall business model.
5 The Global FinTech Awards comprise awards presented by MAS and the Singapore FinTech Association (SFA). A total of 223 submissions were received across all nine award categories. For the FinTech Awards sponsored by MAS, 131 submissions were received across four award categories
6 Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “To stay resilient and relevant, FinTech firms must be bold and nimble in implementing innovative solutions that challenge existing norms, and inspire change in the new normal. We look forward to seeing our finalists achieve greater success in their business as we all contribute towards building a strong and sustainable financial industry.”
7 Mr Chia Tek Yew, Vice Chairman, Singapore of Oliver Wyman shared, “Web 3.0 and Green Finance solutions are still in nascent stages of adoption by the financial industry. It has been exciting for us to work with finalists of the MAS Global FinTech Hackcelerator and guide these future champions early in their journey to solve real world issues.”
8 Ms Wong Wanyi, FinTech Leader, PwC Singapore’s Venture Hub, said, “Following a few years of digital acceleration and solution development by industry players amid the global pandemic, we are seeing a new level of maturity and innovation in ESG and payments-related solutions at this year's FinTech Awards. This marks a positive progress in enabling organisations to advance their sustainability and financial inclusion agenda which will in turn unlock new transformation and growth opportunities."
9 Please refer to Annex A for more information on the Global FinTech Hackcelerator. Please refer to Annex B for more details on the SFF Global FinTech Awards and the finalists for the 2022 FinTech Awards under MAS
About the Singapore FinTech Festival
The Singapore FinTech Festival (SFF) is organised by the Monetary Authority of Singapore (MAS) and Elevandi, in partnership with Constellar and in collaboration with The Association of Banks in Singapore (ABS). Since its inception in 2016, SFF has become the premier platform for the global FinTech community to engage, connect, and collaborate on issues relating to the confluence of financial services, public policy, and technology. Last year, SFF featured global leaders such as Ben Horowitz, Co-Founder and General Partner, Andreessen Horowitz; Bill Winters, Group Chief Executive, Standard Chartered Bank; Christopher Young, Executive Vice President Business Development, Strategy and Ventures, Microsoft; François Villeroy de Galhau, Governor, Banque de France; Marc Benioff, Chair, Co-CEO, and Co-Founder, Salesforce; and Dr Marian Croak, Vice President of Engineering, Google. Last year’s edition brought together 60,000 participants from over 160 countries. MAS, Elevandi, Constellar and ABS are proud to jointly deliver this year’s SFF. Visit to register for SFF 2022 and receive updates.