Technology
MAS Announces Winners of the 2020 Global FinTech Innovation Challenge
Published by linker 5
Posted on December 11, 2020
3 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by linker 5
Posted on December 11, 2020
3 min readLast updated: January 21, 2026
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.
| 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 |
| 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 |
[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
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