MAS and SFA Announce Award Winners at Singapore Fintech Festival 2021

Press Release
For Immediate Release

MAS and SFA Announce Award Winners at Singapore FinTech Festival 2021

Singapore, 12 November 2021 - The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) announced the award winners of the Global FinTech Hackcelerator, the SFF Global FinTech Awards and the Most Innovative FinTech e-Gifting Award, at the Singapore FinTech Festival. The winners, comprising financial institutions, FinTechs and solution providers, were recognised for their ground-breaking solutions that promote financial inclusion and sustainable development in the financial industry.

Global FinTech Hackcelerator
The theme for this year’s Global FinTech Hackcelerator is “Harnessing Technology to Power Green Finance”. The winners of the Global FinTech Hackcelerator were selected at Demo Day, held during SFF on 8 November 2021, where 20 finalists pitched their innovations to an international industry panel. Please refer to Annex A for the details of the competition and the judging panel. The top three teams are (in no order of merit) :

Company Name Solution Name Country
Descartes Insurance Asia Pte Ltd Descartes' Parametric Insurance France
RootAnt Global Pte Ltd and
Global Initiatives Communications Pte Ltd
BANCO Singapore
YOUKI GmbH WATTIFY Germany

Descartes Insurance’s winning solution processes data from satellite imagery, IoT, radars and sensors of partners to provide insurance coverage on natural catastrophic events with guaranteed and pre-determined payouts, which would be disbursed within a few days of the event. RootAnt and Global Initiatives’ solution incorporates sustainability elements onto a digital platform to assess the sustainability preparedness of SMEs suppliers in the value chain, and empower them to raise green financing from banks. YOUKI’s WATTIFY tokenises renewable energy assets into investment products with smaller ticket size to increase its accessibility to a wider pool of investors. It also facilitates the onboarding of investors in a manner conforming to regulations, and matches investors with appropriate investment opportunities.

SFF Global FinTech Awards
The SFF Global FinTech Awards brings together the FinTech Awards previously presented separately by MAS and SFA. The theme for this year’s Awards is “Emerging from a pandemic, the road to recovery.”

The 49 winners across 12 award categories were selected from a total of 298 submissions. The winners were chosen by an international panel comprising industry experts across multiple domains. Please refer to Annex B for the details of the competition and the judging panel.

The winners for the SFF Global FinTech Awards 2021 (presented by MAS) are :

Award Category Placing Company Name Solution Name
Singapore FinTech (Singapore
Founder)
1st GoalsMapper Pte Ltd GoalsMapper
2nd Aleta Planet Pte Ltd AP-1
3rd Brick Pte Ltd Financial Data APIs
ASEAN FinTech 1st ShuttleOne Pte Ltd ShuttleOne Network
2nd Regtank Technology Pte Ltd Regtank Compliance Solution
3rd Funding Asia Group Pte Ltd Modal Kawan Mikro (Micro Friends Capital)
Singapore Financial Instution 1st Asia Wealth Platform Pte Ltd StashAway Wealth Management Solutions
2nd NTUC Income Insurance Cooperative Limited SNACK by Income
3rd Industrial and Commercial Bank of China Limited
(Singapore Branch)
ICBC Digital Trade Solutions
Global 1st ReMark International B.V. Good Life & BAM
2nd FinScore Inc FinScore A.C.E (Alternative Credit
Evaluation) Portal
3rd Nect GmbH Selfie-Ident

The Winners for the SFF Global FinTech Awards 2021 (presented by SFA) are:

Award Category(Individual)
(Winners are presented with a commemorative plaque)
Individual Name Company
Top 10 FinTech Leaders Caecilia Chu YouTrip
Calvin Choi AMTD Digital
Dhruv Arora Syfe
Rahul Banerjee BondEvalue
Rob Schimek Bolttech
Tuhina Singh Propine
Valenzia Yap PolicyPal Group
Varun Mittal EY
Venkatesh Saha Wise
Vikas Nahata Validus
ASEAN FinTech Leaders Hendra Kwik Fazz Financial Group
Kanagasabapathy Surendran CIMB Bank Berhad
Marek Hovorka Ubank by VPBank
Mark Lo AMTD Group
Sigit Kouwagam Bibit.id
Women in FinTech Melissa Wong Bolttech
Samantha Horton Syfe Pte Ltd
Smrithi Ravi Wise
FinTech Leaders Under 30 Ian Lee Merkle Science
Lisa Schroeder Vestr
Milena Naitoh Validus
Award Category (Corporate) Company
FinTech Employer of the Year Advance Intelligence Group
Nium
Revolut Technologies Singapore
Spark Systems
Wise
Knowledge Enterprise Award AMTD Group
Apptio Singapore
Smartkarma Innovations
Social Impact Award Credolab
MoneyOwl
Western Union
Partners of FinTech AMTD Digital
Digital Treasures Center
F10 Global Innovation Network Singapore
GrabTaxi Holdings
Whitechalk (Surer)

MAS encourages the public to use e-payments instead of physical notes for gifting during celebratory occasions and festivals, to build a greener and more sustainable future. The winners of the two new e-gifting awards are:

- DBS Bank – “Most Innovative Bank E-Gifting Solution” award
- Singtel Dash – “Most Innovative Wallet E-Gifting Solution” award

The entries were assessed by the Association of Banks Singapore (ABS) and SFA based on utility, impact, and innovation. Additional points were awarded to solutions that helped users reduce their carbon footprint.

Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “The Global FinTech Hackcelerator, FinTech Awards and inaugural Innovative E-Gifting Solution Awards seek to champion and recognise innovative, high quality solutions that transform industry practices in the financial industry and develop opportunities for growth. It is heartening to see many impactful leading-edge digital solutions competing for this year’s Awards. In particular, the winning entries from financial institutions, FinTechs and technology providers displayed strong potential to enhance the growth and resilience of the financial sector as economies recover from the pandemic. Heartiest congratulations to all the winners!”

Mr Shadab Taiyabi, President of SFA, said, “The ground-breaking and innovative solutions that were recognised during the Global FinTech Awards are testament to the potential that technology holds in addressing challenges faced by the financial industry. As the economy gradually moves into a post-pandemic recovery phase, SFA remains committed to supporting and encouraging financial innovation that seeks to harness technology to power green finance, create growth opportunities and promote financial inclusion. We wish the heartiest of congratulations to all winners of the Global FinTech Awards, Global FinTech Hackcelerator and E-Gifting Solution Awards, and hope that these are just the start to many more solutions to come in the future.”

Download the Announcement of Award Winners at Singapore FinTech Festival 2021 here: https://singaporefintech.org/sfa-resources/

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