The Financial Authority of Singapore (MAS) has introduced the 20 finalists for the 2020 International FinTech Hackcelerator.
The finalists will pitch their options on the International FinTech Hackcelerator Demo Day on the Singapore FinTech Competition x Singapore Week of Innovation and TeCHnology (SFF x SWITCH).
The finalists have been chosen by means of two parallel segments; the Native Programme, which addressed high-priority downside statements collated from the finance trade in Singapore and globally; and the Worldwide Programme, which comprised options from winners of fintech competitions organised by worldwide companions.
Within the Native Programme, supported by KPMG Digital Village, 10 finalists have been shortlisted from over 270 submissions from throughout greater than 40 nations. These submissions addressed 107 downside statements throughout 4 classes; Responding to a International Pandemic; Inexperienced Finance Options; Inexperienced Finance Enablers; and Sustainability.
The Worldwide Programme contributors comprised 10 winners from six unbiased fintech competitions organised by MAS‘ worldwide companions.
This 12 months, the International FinTech Hackcelerator’s worldwide companions are Abu Dhabi International Market, Accelpoint, the Saudi G20 Presidency and the Bank for Worldwide Settlements Innovation Hub, the Central Bank of Kenya, the United Nations Capital Growth Fund (UNCDF), and Ladies’s World Banking.
Throughout Demo Day on 10 December, finalists will current their improvements and the highest three winners will win S$50,000 in prize cash every. All 20 finalists may also obtain a S$20,000 cash stipend and be fast-tracked of their functions to obtain grant funding underneath the MAS Monetary Sector Know-how and Innovation (FSTI) Proof-of-Idea Scheme.
Sopnendu Mohanty, Chief FinTech Officer, MAS stated,
“Over the previous 4 years, the International FinTech Hackcelerator has supplied fintechs from Singapore and all over the world with a superb platform to showcase progressive options that may remedy key issues throughout the monetary trade. This 12 months, there’s added urgency to deal with urgent challenges caused by COVID-19 and local weather change.
That is evident from the file variety of downside statements submitted by the trade. We sit up for seeing our finalists use the International FinTech Hackcelerator as a launchpad in the direction of better success whereas serving to the monetary trade deal with the well being, financial, and local weather crises dealing with our era.”
Listed below are the businesses that made the lower:
Finalists – Native Programme
Third-eyes analytics AG
Third-eyes analytics gives monetary establishments modular and versatile, white labelled Software program-as-a-Service options that enhance, automate, and interactively visualise wealth planning.
Intensel Restricted is an AI-powered local weather danger analytics software program.
RegulAItion’s AIR Platform is an information entry and knowledge sharing platform. It permits the sharing of insights from
knowledge with out the necessity to share the underlying knowledge.
Alice SI Ltd
Alice is a decentralised influence funding and measurement platform based mostly on the Ethereum blockchain.
PT Simplefi Teknologi Indonesia
AwanTunai is an app-based order administration system which permits its downstream prospects to order stock remotely.
Social Commerce Organisation
Its answer Cyclos is a fee software program that gives instruments that ship extra gross sales, new purchasers and curiosity free loans to small and medium sized enterprises (SMEs).
GreenArc Capital Pte. Ltd.
GreenArc Capital is an influence fintech that helps to shut the UN Sustainable Growth Objectives financing hole, connecting traders with curated influence funding alternatives targeted on monetary inclusion and local weather motion.
GIST Advisory Switzerland S.A.
Its answer I360X is a Software program-as-a-Service platform which assesses in greenback phrases the Complete Stakeholder Return (TSR) of an organization throughout its main stakeholder teams (staff, neighborhood, authorities & shareholders), whereas additionally accounting detrimental pure capital impacts.
Matter gives sustainability and reporting options for asset managers, asset house owners and banks.
Its answer Sustainability Insights is a multi-asset machine studying product that enables banks, asset managers and Ideas for Accountable (PRI) signatories to combine materials environmental, social and governance (ESG) concerns into the funding determination making course of holistically.
Finalists – Worldwide Programme
The SMECreditPro Platform combines a web-based, intuitive SME utility type with third-party progressive knowledge sources and AI/ML to supply MSMEs with enterprise, monetary, and credit score scores.
Market IQ gives an end-to-end retail working system to assist corporations optimise their provide chain, digitise
fee assortment, and get deep analytics into supply fulfilment, retailer stock, and finish buyer behaviour.
ZigWay helps low revenue households entry family necessities affordably, by offering a month-to-month subscription service that permits households to buy high quality family merchandise, equivalent to rice and cooking oil, in bulk.
Aeloi Applied sciences Pvt. Ltd.
Aeloi’s answer permits for monitoring of micro-business loans’ end-use. After establishing partnerships with monetary establishments, service suppliers for items and companies are vetted, signed up and skilled.
Tookitaki Holding Pte Ltd
Tookitaki’s answer is able to monitoring and combating anti-money laundering/combating the financing of terrorism (AML/CFT) dangers by means of crypto property.
Tyme has partnered with Jumper.ai to broaden ladies SMEs’ knowledge footprint, creating better alternatives for FIs to lend to those SMEs.
Coinfirm’s AML platform aggregates their varied AML options (Investigations, Reclaim Crypto, AMLT) collectively, permitting for a one-stop platform for AML wants.
“Digital Regulation” was constructed by the ISDA-REGnosys crew leveraging the ISDA Widespread Area Model. Utilizing a model-driven engineering method, the answer permits reporting stakeholders to entry a machine-readable and executable expression of the regulatory necessities and a reporting engine by means of which to run pattern trades.
The G20 Monitor, constructed by FNA, was launched in response to the unprecedented challenges of the Covid19 disaster. The answer is a group of 10 displays containing over 30 interactive dashboards to discover and monitor the worldwide monetary system.
myAgro has pioneered a cell layaway device for unbanked smallholder farmers.
Featured picture: Singapore Fintech Competition