MAS and SFA invite entries for 2022 FinTech Awards

Singapore, 20 June 2022… The Monetary Authority of Singapore (MAS) and the Singapore
FinTech Association (SFA) announced today the launch of the 2022 Singapore FinTech
Festival (SFF) Global FinTech Awards (the Awards). The Awards, supported by PwC
Singapore, seek to recognise innovative FinTech solutions by FinTech companies, financial
institutions, technology companies, as well as individuals and companies that have been
instrumental in creating new growth opportunities, transforming FinTech industry practices
and promoting financial inclusion.

 

2.     Recognising the accelerated pace of digitalisation in businesses over the last two
years, the theme for the 2022 Awards is “Embracing Digital, Charting the New Normal”. A
new sustainability criteria has been included on top of the previous judging criteria of
impact, practicality, interoperability, and uniqueness and creativity. This underscores the
importance and urgent need for active integration of environmental, social and governance
(ESG) factors as part of the overall FinTech business model.

 

3. There are a total of nine award categories and the winners of the awards will be
announced at SFF 2022(1) . Entries can be submitted based on the following categories:

MAS

For corporates

  • Singapore FinTech (Singapore Founder)
  • ASEAN FinTech
  • Singapore financial institution
  • Global

SFA

For individuals

  • Top 10 FinTech Leaders(2)
  • ASEAN FinTech Leaders

For corporates

  • FinTech Employer of the Year
  • Partners of FinTech
  • Knowledge Enterprise

 

4. The Awards will be hosted entirely on API Exchange (APIX)(3), a cloud-based innovation platform for FinTech solutions.

 

5. Applications for the 2022 SFF Global FinTech Awards can be submitted here for MAS
and SFA. The deadline for submission is 19 August 2022. Please refer to the Annex below for
details of the Awards.

(1) SFF 2022 will be held from 2 to 4 November, with industry events and the Innovation Lab Crawl taking place on 31 October and 1 November.

(2) The SFA awards have been further streamlined this year, with the previous “Women in FinTech” and “FinTech leaders under 30” categories now incorporated under the “Top 10 FinTech Leaders” category.

(3) APIX (www.apixplatform.com) is a flagship product of the ASEAN Financial Innovation Network (AFIN), a not-for-profit entity formed by the MAS, the International Finance Corporation and the ASEAN Bankers Association. Its objective is to support financial innovation and inclusion around the world.


Annex – About the SFF Global FinTech Awards

The SFF Global FinTech Awards, supported by PwC Singapore, recognise innovative FinTech
solutions that have been implemented by FinTech companies, financial institutions and
technology companies, as well as individuals and companies whose initiatives have
contributed significantly to the FinTech ecosystem. Up to 12 winners will be selected under
the four categories presented by MAS – Singapore FinTech (Singapore Founder), ASEAN
FinTech, Singapore financial institution and Global. All finalists will be evaluated by an
international panel comprising industry experts across multiple domains. The FinTech
solutions will be judged based on five criteria: (i) impact; (ii) sustainability; (iii) practicality;
(iv) interoperability; and (v) uniqueness and creativity.

 

Award Category Eligibility Criteria Prize
Singapore FinTech (Singapore Founder) – The term ‘founder’ is defined as an individual who was instrumental in setting up the SME. There is no need for majority share-ownership.
– Company must be a Singapore-based SME with at least one founder who is a Singapore Citizen or Singapore Permanent Resident.
– The SME must have a physical office registered in Singapore.
– The solution must have been implemented/deployed in any part of the world in the past three years.
1st Place: S$150,000

2nd Place: S$100,000

3rd Place: S$50,000

ASEAN FinTech – ASEAN-based FinTech company i.e. a technology provider providing product/services to the financial sector.
– The FinTech company’s core business must be related to the finance industry.
– The FinTech company needs not be regulated by any regulatory body.
– The FinTech company must have a physical office registered in ASEAN.
– The solution must have been implemented/deployed in at least one ASEAN country in the past three years.
1st Place: S$150,000

2nd Place: S$100,000

3rd Place: S$50,000

Singapore financial
institution
– Singapore-based financial institution of any size.
– The financial institution must be a regulated entity in Singapore.
– The Singapore office must have contributed to the implementation/deployment of the solution in at least one ASEAN country in the past three years.
1st Place: S$150,000

2nd Place: S$100,000

3rd Place: S$50,000

Global – FinTech project implemented in any part of the world in the past three years. 1st Place: S$150,000

2nd Place: S$100,000

3rd Place: S$50,000

 

Up to 22 winners will be selected under the five categories presented by SFA to recognise
individuals and companies whose initiatives have contributed significantly to the FinTech
ecosystem. Finalists will be evaluated on the criteria relevant to the respective categories as
listed below:

Award Category Eligibility Criteria Prize
Top 10 FinTech Leaders (Individual) – Individual must be in a Singapore-based FinTech or a FinTech that has a presence in the Singapore FinTech
Ecosystem.
– Applicant should be in a leadership position.
Plaque (10 recipients)
ASEAN FinTech Leaders (Individual) – Individual must be based in an ASEAN country (excluding Singapore) or have a presence in the ASEAN FinTech
Ecosystem.
– Applicant should be in a leadership position.
Plaque (Up to 3 recipients)
FinTech Employer of the Year (Corporate) – Company must be registered in Singapore.
– Company must be providing a technology solution for the financial sector as their core business.
Plaque (Up to 3 recipients)
Partners of FinTech (Corporate) – Company must be based in Singapore
or have a Singapore presence.
– Company should not be a FinTech
firm.
Plaque (Up to 3 recipients)
Knowledge Enterprise (Corporate) – Company must be registered in Singapore.
– Company must be providing a technology solution for the financial sector as their core business.
Plaque (Up to 3 recipients)
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