40 Innovative Solutions Shortlisted for 2019 FinTech Awards

October 2, 2019

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that 40 finalists have been shortlisted for the FinTech Awards1 to be presented at this year’s Singapore FinTech Festival x Singapore Week of Innovation and Technology (SFF x SWITCH).

• The finalists were selected by a panel of industry judges from a total of 245 Many of the submissions from the growing FinTech community came from sectors such as RegTech, wealth management and cybersecurity. Financial inclusion was also a key area of focus amongst this year’s finalists, with a significant number of submissions geared towards improving banking access for underserved individuals as well as small and medium enterprises.

• The finalists will pitch their innovations during SFF x SWITCH, and compete for a total of S$1.2 million in prize The winners of the FinTech Awards will be announced at SFF x SWITCH. The 40 finalists of the FinTech Awards will also be invited to a dedicated Deal Friday2 networking session organised by MAS and PwC Singapore just for them to showcase their innovations to investors.

• Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “Several of our FinTech Awards finalists from past years have gone on to achieve success in the industry3. This year, it is heartening to see a growing number of submissions promoting financial inclusion and We are inspired by the innovative ways in which FinTechs are solving business challenges on a global scale. We look forward to seeing the finalists present their solutions to prospective partners and investors, and benefit from this exposure, at SFF x SWITCH and Deal Friday.”

• Mrs Ong-Ang Ai Boon, Director, ABS, added, “ABS is pleased to partner with MAS in the annual Singapore FinTech Festival and sponsorship of the Global Award to recognise and celebrate the achievements of innovative solution providers in the FinTech In the

1 The FinTech Awards is organised in partnership with PwC Singapore. One of the awards in the Global category, the Global Award, is given out by The Association of Banks in Singapore (ABS).

• Deal Fridays are curated deal-making sessions for facilitating investment into They are held every Friday from 21 June to 25 October 2019. The 40 finalists of the FinTech Awards will have a dedicated Deal Fridays session just for them to network and pitch to investors.