10 FinTech companies won prizes totalling to S$1.15 million at the FinTech Awards by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS).
FinTech Awards organised as a part of the Singapore FinTech festival recognises innovative FinTech solutions implemented by start-ups, technology companies, and financial institutions.
The FinTech Awards include the MAS FinTech Awards and ABS Global FinTech Award.
Deputy Prime Minister and Chairman of MAS, Tharman Shanmugaratnam, and ABS Chairman, Wee Ee Cheong, gave away the awards an event attended by more than 1,000 attendees. 10 winners included:
1) ABS Global FinTech Award
BioCatch – Prize: S$250,000
2) MAS FinTech Awards (Singapore Open)
fastacash Pte Ltd, 1st place – Prize: S$250,000
M-DAQ Pte Ltd, 2nd place – Prize: S$100,000
Pole Star Space Applications Ltd, 3rd place – Prize: S$50,000
3) MAS FinTech Awards (Singapore SME)
Tookitaki, 1st place – Prize: S$150,000
Turnkey Lender Pte Ltd, 2nd place – Prize: S$100,000
Funding Societies Pte Ltd, 3rd place – Prize: S$50,000
4) MAS FinTech Awards (Singapore Founder)
CashRun, 1st place – Prize: S$150,000
Aimazing, 2nd place – Prize: S$100,000
FinChat Technology, 3rd place – Prize: S$50,000
Also read: Fintech Singapore: November 14-18
Maximum number of submissions coming from the Asia Pacific, The FinTech Awards received over 200 global entries. The list was further narrowed to 40 finalists.
The winners were selected by a panel of 13 judges, representing a cross-section of international and local experts from the private and public sector. The entries were evaluated based on criteria such as impact, interoperability, practicality, and uniqueness and creativity.