Singapore, 19 October 2026… The Monetary Authority of Singapore (MAS) announced today the 42 finalists for the 2026 Global FinTech Hackcelerator and the Singapore FinTech Festival (SFF) FinTech Excellence Awards. The winners will be revealed at the SFF FinTech Excellence Awards 2026 dinner on 19 November 2026.

Global FinTech Hackcelerator 2026

2 This year’s Global FinTech Hackcelerator, organised by MAS in partnership with the Global Finance & Technology Network (GFTN)GFTN is a not-for-profit entity set up by MAS to connect people and businesses, ideas and insights in the FinTech sector in Singapore and globally., features three industry problem statements from Corporate ChampionsGXS, a digital bank in Singapore; Julius Baer, a global wealth manager; and Zurich Insurance, an insurance firm., GXS Bank, Julius Baer and Zurich Insurance. The challenges focus on integrating credit and fraud risk modelling in digital banking, reimagining of wealth management for a digitally native generation, and empowering SMEs to better assess, quantify and proactively manage their business risk exposure, respectively. The 18 finalists were shortlisted for their market-ready solutions to address these specific challenges.

3 The finalists will present their solutions at the Global FinTech Hackcelerator Demo Day on 18 November 2026, held as part of the SFF 2026. One winner will be selected for each of the three problem statements, with each winner receiving S$80,000 in prize money. Finalists will also have opportunities to explore pilot engagements with their respective Corporate Champions, and apply for the GFH Scale-up GrantThe GFH Scale-Up Grant is offered under the Financial Sector Technology and Innovation Scheme (FSTI 4.0) and supports the growth and scaling of promising FinTech solutions. For more information, please visit https://www.mas.gov.sg/schemes-and-initiatives/mas-fsti-gfh-scale-up-grant. This provides follow-on funding to help them further develop their solutions, reach commercial milestones and establish a presence in Singapore.

SFF FinTech Excellence Awards 2026

4 The AwardsFive Corporate Awards and an individual FinTech Mentor Award will be presented. The Corporate Awards are Emerging FinTech, Financial Inclusivity, Regulatory Leader, Sustainable Innovator, and Thematic - AI Champion. One winner in each Corporate category will receive S$50,000, while three winners of the FinTech Mentor Award will each receive S$5,000., jointly organised by MAS and the Singapore FinTech Association (SFA), and supported by PwC Singapore, recognise corporates and individuals whose initiatives have contributed significantly to the FinTech ecosystem and advanced innovation in financial services.

5 131 submissions were received across the six award categories.

• For the five Corporate categories, 119 submissions were received, of which four finalists were shortlisted for each category.
• For the Individual category, the FinTech Mentor Award, 13 submissions were received, of which four finalists were shortlisted.

‘FinTech Gives Back’ Initiative

6 The ‘FinTech Gives Back’ initiative reflects the FinTech community’s continued commitment to nurturing innovation and supporting the next generation of FinTech entrepreneurs. This year, 11 organisations contributed to the initiative: Finmo, Ripple, HeyMax, Aspire, dtcpay, Experian, LexisNexis, Sfye, Sumsub, Width and YouTrip. Their support underscores a strong shared commitment to helping promising innovators develop, scale and bring impactful solutions to market, while contributing to the continued growth of Singapore’s FinTech ecosystem.

7 Mr Kenneth Gay, Chief FinTech Officer, MAS, said, “Congratulations to all our finalists. As the financial sector navigates increasingly complex challenges, there is a need to better harness technology to deliver meaningful improvements in financial services. The Global FinTech Hackcelerator brings together FinTech firms and industry partners to address specific business challenges, test practical applications and create opportunities for commercial deployment. Alongside the SFF FinTech Excellence Awards, these efforts reflect our broader ambition to strengthen Singapore’s FinTech ecosystem, one where promising solutions can gain industry traction, establish commercial viability and scale into regional and global markets.”

8 Ms Holly Fang, President, SFA, said, “This year’s finalists demonstrate the calibre and ambition of Singapore's FinTech community, which continues to punch above its weight on the global stage. As SFA celebrates our 10th year, we are proud to stand alongside MAS and our partners in championing the ideas and leaders that will keep Singapore at the forefront of FinTech innovation globally. On behalf of SFA, I want to extend a huge congratulations to everyone being recognised and thank them for helping to shape the future of Singapore's FinTech story.”

9 Ms Wong Wanyi, FinTech Leader, PwC Singapore, said, “As we enter a new chapter for the SFF FinTech Excellence Awards following its 10th anniversary milestone, it is encouraging to see the continued resilience and ingenuity of the FinTech ecosystem. This year's finalists are demonstrating how innovation continues to create value, address evolving industry challenges and unlock new opportunities for growth. We congratulate all finalists and look forward to seeing how their solutions contribute to the next phase of FinTech development”

10 Please refer to Annex A for more information on the Global FinTech Hackcelerator. Please refer to Annex B for more details on the SFF FinTech Excellence Awards.

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