Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Technology
    3. >MAS Announces Winners of the 2020 Global FinTech Innovation Challenge
    Technology

    Mas Announces Winners of the 2020 Global FinTech Innovation Challenge

    Published by linker 5

    Posted on December 11, 2020

    3 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    This image showcases the announcement of the 2020 Global FinTech Innovation Challenge winners by MAS. Highlighting innovative solutions addressing financial industry challenges during COVID-19 and climate change.
    Winners of the 2020 Global FinTech Innovation Challenge announced by MAS - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    The Monetary Authority of Singapore (MAS) announced today the results of the 2020 MAS Global FinTech Innovation Challenge. Under the theme of “Building Resilience, Seizing Opportunities, Emerging Stronger”, three winners for the Global FinTech Hackcelerator and twelve winners for the FinTech Awards have been selected for their solutions that address the challenges faced by the financial industry due to the COVID19 pandemic and climate change. Both awards were handed out today at the Singapore FinTech Festival x Singapore Week of Innovation and TeCHnology (SFF x SWITCH) 2020.

    • The winners of the Global FinTech Hackcelerator[1] were selected during the Global FinTech Hackcelerator Demo Day, where they had pitched their innovations to an industry panel from around the world. The Local Programme of the Global FinTech Hackcelerator was supported by KPMG Digital Village. The top three teams are (in no order of merit):
    Company Name Solution Name Prize Money
    Matter Matter Analytics S$50,000
    RegulAItion Ltd AIR Platform S$50,000
    Intensel Limited Advanced Physical

    Climate Risk

    Analytics

    S$50,000
    • The winners of the FinTech Awards[2], supported by PwC Singapore, were selected from a total of 326 submissions from across 55 countries. The twelve winners were selected under four categories – Singapore Founder, ASEAN FinTech, Singapore Financial Institution and Global – by an international panel comprising industry experts across multiple domains. The winners are:
    Award Category Placing Company Name Solution

    Name

    Country Prize
    Singapore Founder 1st Triterras Fintech Pte.

    Ltd.

    Kratos Singapore S$150,000
    2nd finChat Technology Pte Ltd Wealth Chat Singapore S$100,000
    3rd Hashstacs Pte Ltd Trident

    Platform – End to End Bond

    Lifecycle in a

    Box

    Singapore S$50,000
    ASEAN FinTech 1st AwanTunai,

    Windy Hill Pte. Ltd

    AwanTunai

    digitising supply chain transaction data

    Singapore S$150,000
    2nd NXTBK, Inc. Nextbank Cloud ‘Bankin-a-box’ Philippines S$100,000
    3rd FlexM Pte Ltd. Agrani Remit App powered by FlexM’s Fintech-as-aService solution Singapore S$50,000
    Singapore

    Financial

    Institution

    1st Validus Capital Pte Ltd Validus Credit and Customer

    Monitoring

    System

    (CCAAT)

    Singapore S$150,000
    2nd Oversea-

    Chinese

    Banking

    Corporation

    Limited

    HealthPass by OCBC Singapore S$100,000
    3rd DBS Bank

     

    Credit

    Architecture

    Programme – Credit eMemo

    Singapore S$50,000
    Global 1st Swiss Reinsurance Company Ltd.

    Beijing Branch

    SRAIRMP

    (Swiss Re

    Agriculture

    Insurance Risk

    Management

    Platform)

    Switzerland S$150,000
    2nd AIZEN Global Co., Inc. ABACUS /

    Credit Card

    Payment

    Fraud

    Detection

    System with

    Deep Learning

    Republic of Korea S$100,000
    3rd The Bank of

    New York

    Mellon

    Corporation

    Changing the

    Way

    Institutional

    Investors

    Manage,

    Monitor &

    Analyse ESG Factors across their Portfolio

    United States S$50,000
    • Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “The Global FinTech Hackcelerator and the FinTech Awards have served as key platforms to identify and recognise innovative, high quality solutions that are able to address real needs in the financial industry. This year, MAS chose the theme of “Building Resilience, Seizing Opportunities, Emerging Stronger” for the FinTech Innovation Challenge, as a clarion call to FinTechs to play a greater role in addressing the generational challenges of COVID-19 and climate change. We are pleased to see this year’s winners demonstrate strong potential in helping the industry tackle these critical issues. MAS would also like to thank KPMG Digital Village and PwC Singapore for their continued support.”

    [1] The list of finalists for the Global FinTech Hackcelerator can be found here: link

    [2] The list of finalists for the FinTech Awards can be found here: link

    More from Technology

    Explore more articles in the Technology category

    Image for Innovation Through Partnership: The Role of External Tech Teams
    Innovation Through Partnership: The Role of External Tech Teams
    Image for Nominations Open for Technology Awards 2026
    Nominations Open for Technology Awards 2026
    Image for Nominations Open for Innovation Awards 2026
    Nominations Open for Innovation Awards 2026
    Image for Archie earns industry recognition across G2, Capterra, and SoftwareReviews
    Archie Earns Industry Recognition Across G2, Capterra, and SoftwareReviews
    Image for The Bankaool Transformation: How a Regional Mexican Bank Became a Fintech Disruptor
    The Bankaool Transformation: How a Regional Mexican Bank Became a FinTech Disruptor
    Image for Submit Your Entry Today for Digital Banking Awards 2026
    Submit Your Entry Today for Digital Banking Awards 2026
    Image for Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Image for Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Image for Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Image for Entrepreneurial Discipline in the AI Economy: Insights from Dmytro Lavryniuk
    Entrepreneurial Discipline in the AI Economy: Insights From Dmytro Lavryniuk
    Image for Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Image for Call for Entries: Best Digital Wallet 2026
    Call for Entries: Best Digital Wallet 2026
    View All Technology Posts
    Previous Technology PostProviding Employees With the Right Technology, Security and Experience Are Key to Successful Remote Working
    Next Technology PostUsing Feedback to Improve Your IT Implementation Approach