MAS and SFA Announce Finalists for the 2023 Singapore FinTech Festival Global FinTech Awards
Singapore, 1 November 2023… The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) today announced the finalists of the 2023 Singapore FinTech Festival (SFF) Global FinTech Awards.
2 The Awards, supported by PwC Singapore, seek to recognise innovative FinTech solutions by corporates and individuals that have been instrumental in transforming FinTech industry practices, and spearheading the use of new technologies in creating new growth opportunities, promoting financial inclusion and enhancing the delivery of financial services.
3 Submissions were received across six award categories
- In the AI category, shortlisted solutions demonstrated the use of alternative data sources such as telecommunication data for credit risk profiling for the training of AI models.
- Shortlisted solutions under the ESG FinTech category heavily focused on solving fragmentation of data sources so that effective ESG models can be developed to monitor a firm’s pathway to net zero.
4 A new component was introduced for the Awards this year. Through the ‘FinTech Gives Back’ initiative, members of the FinTech community contributed generously towards the prize monies for the Awards, to show their support for nurturing the next generation of FinTechs and rewarding innovation. This year, OKX
5 Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “The strong support for the new ‘FinTech Gives Back’ initiative is a testament to the industry’s spirit of innovation, growth, and commitment to a brighter future. It is an inspiring example of how success can be leveraged to uplift and empower the entire FinTech ecosystem.”
6 Mr Shadab Taiyabi, President, SFA, said, “We want to extend our congratulations to all the nominees announced today. The addition of the ‘FinTech Gives Back’ initiative is especially exciting to see, with FinTech community leaders helping to nurture the next generation of talent. The FinTech scene in Singapore continues to grow from strength to strength, despite global economic headwinds. The Singapore FinTech Association remains steadfast in our commitment to nurturing innovation and enabling diversity within the FinTech industry. The work displayed in these nominations is testament to the strong FinTech talent pool in Singapore. Alongside the growing support from the Singapore government on technological innovations, it is only right that we take the time to acknowledge and celebrate this work.”
7 Ms Wong Wanyi, FinTech Leader, PwC Singapore, said, “It is inspirational to see the community getting behind ‘FinTech Gives Back’. In many ways, this demonstrates the underlying values of Singapore’s FinTech ecosystem. At this year’s SFF Global FinTech Awards, we also observed organisations harnessing the potential of AI while championing ESG. Congratulations to all shortlisted applicants for leading this charge in shaping the future of sustainable and inclusive finance. We look forward to the combination of finance and technology, underpinned by ESG principles, spawning new FinTech services and solutions that are accessible by all - businesses and individuals alike.”
8 The winners of the Awards, together with the top three winners of the Global FinTech Hackcelerator 2023
The eighth edition of the Singapore FinTech Festival came to a close on 17 November 2023, drawing a record 66,000 participants, up from 62,000 attendees in 2022.
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