Meet The 17 Finalists For This Year’s Global Fintech Hackcelerator

Republished By Plato

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The Monetary Authority of Singapore (MAS) has announced the finalists for this year’s Global Fintech Hackcelerator and Singapore Fintech Festival’s (SFF) Global Fintech Awards.

These awards are among the highlights of SFF 2022 taking place from 2 to 4 November 2022.

Global Fintech Hackcelerator 2022

The theme for this year’s Global Fintech Hackcelerator, organised by MAS and supported by Oliver Wyman, is “Accelerating A Greener Digital Future” — focused on web 3.0 and green finance.

The 17 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.

The 10 local finalists and seven international finalists will also pitch their solutions at a demo day during SFF, where the top three winners will each receive S$50,000 in prize money.

Cogo (local)

Cogo pulls categorised transactional data from banking or accountancy platforms and assigns an emission factor to calculate the carbon footprint for each transaction.

ESGnie (local)

ESGnie provides ESG teams end-to-end operating systems for performing a variety of complex data tasks in an automated manner.

GIST Impact (local)

GIST Impact ingests data from listed companies and returns impact information in monetary units mapped to international regulatory standards and investing benchmarks.

givvable (local)

givvable’s solution matches suppliers with third party recognised sustainability and ESG actions that are auto-mapped to corporate targets, impact objectives and reporting standards.

WeavInsight (local)

WeavInsight leverages new modular sources of data and analytics technology to provide real-time data on ESG risks and climate change for ESG KYC and parametric ESG intelligence platforms.

FQX (local)

FQX is a Zurich-based startup offering a hub for tokenised debt powered by eNotesTM.

norbloc (local)

norbloc’s flagship platform, Fides, connects financial institutions and government entities in an ecosystem where KYC data is validated and shared, thus mutualising the burden of KYC and removing data silos.

swIDch (local)

swIDch aims to eliminate digital identity-related fraud through OTACTM, a dynamic code that identifies and authenticates a user with the code alone and even without a network connection.

Taurus SA (local)

Taurus’ platform digitises any type of private market instruments including equity, debt, structured products, real estate, art, and commodities.

VerifyVASP (local)

VerifyVASP’s Travel Rule solution has processed about 1.7 million Travel Rule compliant transactions across multiple jurisdictions valued at over US$40 billion since going live at the end of March 2022.

Aleph Zero (international)

Aleph Zero enables users to combat identity theft and ensure KYC, KYB and AML compliance while revealing sensitive information via zero-knowledge technology.

Azzera (international)

Azzera is a climate fintech focused on serving hard-to-decarbonise industries by providing emissions measurement and a user-friendly integrated environmental marketplace.

Blockbank (international)

Blockbank connects TradFi, CeFi and DeFi in a single application and offers financial institutions and their clients an expanded set of products and services.

Civic Ledger (international)

Civic Ledger serves public sector markets by tokenising real-world assets that can be traded and exchanged directly and in real-time on digital platforms.

JOOS (international)

JOOS® is a web 3.0 tool which enables content creators to build their own independent creator business and realise a steady income from their communities.

Ormex (international)

Ormex provides a registry service for carbon certificates, a digital marketplace for carbon offsetting, and enables price discovery through published public smart contracts.

Sweep for Finance (international)

Sweep for Finance provides carbon data on investments, enabling organisations to easily and securely connect with their portfolio companies and take action collaboratively.

SFF Global Fintech Awards 2022

This year’s SFF Global Fintech Awards, presented by MAS and the Singapore FinTech Association (SFA) and supported by PwC Singapore, is themed “Embracing Digital, Charting the New Normal”.

223 submissions were received across nine award categories, with the winners to be announced at the SFF Fintech Awards Dinner on 3 November 2022.

The finalists shortlisted for MAS’ four award categories — Singapore fintech (Singapore founder), ASEAN fintech, Singapore financial institution, and global — will be subjected to a qualifying round.

The finalists in SFA’s five award categories — Top 10 fintech leaders, ASEAN fintech leaders, fintech employer of the year, partners of fintech, and knowledge enterprise award — do not have a qualifying round and all are considered.

Award Category: Singapore Fintech

AsiaVerify

AsiaVerify provides access to primary source data on corporate structures and shareholders across Asia.

China Knowledge Online

China Knowledge provides publishing, newswires, research and online databases for foreign investors seeking opportunities in China.

Finbots AI

finbots.ai provides an AI-powered credit risk modelling and decisioning platform to help lenders offer more inclusive lending.

letsbloom

letsbloom is a SC Ventures-backed cloud platform-as-a-service that helps organisations in regulated industries launch new experiences.

Metaverse Green Exchange

Metaverse Green Exchange helps organisations calculate their carbon footprint and offset their emissions.

MoolahGo

Moolahgo replaces the use of traditional bank details with proxy identifiers such as mobile numbers, emails or card primary account numbers.

Propine

Propine’s platform caters to all digital assets including digital securities, cryptocurrencies, stable coins, NFTs and fiat.

banco

RABC Group’s banco connects financial institutions, large enterprises and SMEs on a digital supply chain finance platform.

Sparrow

Sparrow offers digital asset products and solutions icluding an options trading platform for individual subscribers.

Syfe

Syfe’s platform enables investors to invest in curated managed portfolios as well as directly into stocks and ETFs.

Validus

Validus’ auto working capital platform automates credit underwriting and decisioning for SME loans of up to $150,000.

Award Category: ASEAN Fintech

BigPay

BigPay is a financial services superapp providing payment, remittances, credit and investment services.

FlexM

FlexM helps brick-and-mortar merchants switch to an end-to-end digital solution for payment collection, settlement, and cashback.

KoinWorks

KoinWorks NEO provides MSMEs access to loans, invoices, and a prepaid and charge card supported by Mastercard and BNI.

Mambu

Mambu’s Shariah-compliant cloud banking platform helps Islamic banks with their digital transformation.

MioTech

MioTech’s ESGhub is a data platform for corporates, financial institutions, and supply chains to analyse and report ESG data.

Sleek

Sleek’s platform enables businesses to manage their registration, payments, accounting, tax compliance, and governance needs.

U-Reg

U-Reg provides a digital repository and data management application with onboarding, regulatory and reporting modules.

WeavAir

WeavAir’s WeavInsight provides banks and insurance companies with data for their ESG investment decision-making processes.

Wirex

Wirex is a crypto-enabled payment card that gives users the ability to spend crypto and traditional currencies in real life.

Award Category: Singapore Financial Institution

Arabesque

Arabesque’s AutoCIO is a customisable autonomous asset management platform for institutions.

Bank of China

Bank of China’s iGTB Global Transaction Banking Solution provides customised, sustainable, digitalised services to enterprise customers.

BondEvalue

BondEvalue’s BondbloX Bond Exchange is a fractional bond exchange providing investors instant access to bond markets.

Citibank

Citibank’s LCD tool digitises loan contract finalisation by automating data capturing, while its AI.Sight enables the prioritisation and streamlining of due diligence efforts in credit underwriting.