Here are the 30 finalists of Singapore’s The FinTech Awards

Anisa Menur
Here are the 30 finalists of the Singapore central bank FinTech Awards

The FinTech Awards winners will be announced on November 16, together with the announcement of Global FinTech Hackcelerator winners

The Monetary Authority of Singapore (MAS) has announced the 30 finalists of The FinTech Awards, which comprises of the MAS FinTech Awards and ABS Global FinTech Award.

The awards recognises innovative fintech solutions that have been implemented by startups, financial institutions, and technology companies.

Ten winners are set to be announced at the FinTech Awards Night on November 16 at Singapore Expo, altogether with the winners of the Global FinTech Hackcelerator. They were shortlisted out of 309 submissions.

The winners will be evaluated based on the following criteria: Impact, practicality, inter-operability, and uniqueness and creativity.

According to MAS Chief FinTech Officer Sopnendu Mohanty, there has been an improvement in the quality and variety of submissions for both the Global FinTech Hackcelerator and the FinTech Awards.

Also Read: Startupbootcamp FinTech Singapore demo day showcases 11 rockstar startups

Here are the finalists of the FinTech Awards:

Company: AGDELTA Pte Ltd
Solution: Digital Wealth Platform (DWP)
AGDELTA’s digital wealth platform consists of three pillars – execution, compliance, and digital advisory.

Company: AIDA Technologies Pte Ltd
Solution: Claims Expeditor – STP
AIDA’s Claims Expeditor – STP is a high precision machine learning engine for medical insurance claims automation.

Company: Asia Risk Transfer Solutions (ARTS)
Solution: Crop Risk Expert System (CRES)
Crop Risk Expert System (CRES) is a cloud-based risk analytics platform designed to address the challenges faced by risk professionals in analysing yield production data and pricing crop insurance premiums in India.

Company: Attores Pte Ltd
Solution: Open Certificates
Attores enables the issuance of digital diplomas, certificates licenses, accreditation, badges, directly on the blockchain to secure the certificates and allow instant verification of authenticity.

Company: BeamAndGo Pte Ltd
Solution: BeamAndGo
BeamAndGo is a fintech and e-commerce marketplace that connects overseas Filipino workers (OFWs) with merchants in the Philippines. With BeamAndGo, OFWs can take care of their families in the Philippines without having to remit cash.

Company: Blocko
Solution: Lotte Card Blockchainbased Authentication
Blocko set up a blockchain-based biometric log-in and payment authorisation system for Lotte Card which is one of the largest credit card companies in Korea. A biometric authentication method was implemented so that users’ fingerprints could be used as authentication in logging in and conducting transactions through the Lotte nationwide mobile application.

Also Read: AccessPay and Assembly Payments win SWIFT global fintech competition in Singapore

Company: CashShield
Solution: Vanguard
Vanguard is an identity management (IDM) solution that is powered by high frequency trading algorithms, combined with real time pattern recognition and passive biometric analytics to secure logins through real-time optimised decisions.

Company: Citibank
Solution: Singapore Acquisition API
The Citi Global API Developer Portal enables developers and third-party players to rapidly connect with Citi to develop innovative client solutions.

Company: First Data
Solution: First Data Universal Commerce Solution (uCom)
Universal Commerce is a personalised experience for enabling commerce from any device and empowers merchants to deliver services via an owned customised app. It includes order-ahead, pay at the pump, loyalty, gift cards, mobile wallets, and
fraud management services.

Company: Flywire
Solution: Flywire International Payment Solution
Flywire is a leading provider of international payment solutions, connecting businesses and institutions with their customers on six continents. Introduced six years ago as a way for international students to pay their tuition for studies abroad, Flywire is now used by over 1,400 organisations across 20 countries around the world.

Company: FOMO Pay Pte Ltd
Solution: FOMO Pay App
FOMO Pay platform is the one-stop QRCode Payment Solution which enables merchants to accept a full suite of new payment methods including WeChat Pay, Alipay, NETSPay, and mVISA.

Company: HDH Capital Management Pte Ltd
Solution: Mandelbrot Cue
Mandelbrot Cue (M-Cue) curates short audio clips of financial news and investment notes that are focused, relevant and impactful. It is an institutional quality platform where anyone from financial experts to novice traders can learn about, analyze, share and act upon with the greatest ease.

Also Read: Singapore fintech hub LATTICE80 is bringing startups to Japan with FINOLAB partnership

Company: HedgeSPA Private Limited
Solution: HedgeSPA Core Investment Platform
HedgeSPA has two product lines: Core investment platform, powered by Artificial Intelligence, Big Data and Cloud Computing, and Indices, with one example being the HedgeSPA Focused Asia Pacific Ex-Japan Index, which is performing consistently in excess of 10 per cent annualised return on pure alpha.

Company: Hitpay Technologies Pte Ltd
Solution: HitPay Keyboard
HitPay Payment Keyboard facilitates instant and contextual payments within any communication or social app on a mobile operating system. Chat and pay within apps such as WhatsApp, WeChat, Line, Viber, Facebook Messenger, Gmail and more by using HitPay.

Company: Instarem Pte Ltd
Solution: InstaReM Payment Solution
Instarem’s payment solution offers same day payments to individuals and companies in over 50 countries at the interbank rate. InstaReM is available in 41 countries globally including Singapore, Australia, HK, Canada, US, Europe, India and Malaysia.

Company: Mercer (Singapore) Pte Ltd
Solution: Jenneke Chatbot, an internal chatbot for employee health and benefits administration
Mercer’s BenefitsAsia (BA2) is a platform that helps organisations manage workplace benefits (e.g. automation of benefits eligibility, elections and enrolment in health insurance). With Jenneke, complex scenarios are clarified within seconds enabling faster turn-around-time.

Company: mobidoo
Solution: Sonic Payment Solution
Mobidoo provides SmartSound technology that allows existing payment infrastructure to be utilised enabling contactless payment without requiring extra hardware. Smart Sound was created to connect all devices in the world. The technology, smart sound, contains and transmits information or any content through inaudible sounds enabling connection of things such as POS and smartphones.

Company: O2O Technologies Pte Ltd
Solution: Kristal.AI
The Kirstal.AI uses Machine Learning (Neural Network) based algorithms to gauge user profiles and match them with appropriate investments. The objective is to deliver intelligent online advisory to every client irrespective of the amount being invested.

Also Read: Singapore fintech startup SingX raises US$4.5M to disrupt remittance space in Malaysia and Hong Kong

Company: Planar Investments Pte Ltd
Solution: WeInvest Digital Wealth Solutions
WeInvest Digital Wealth Platform enables banks, asset managers and brokerages to offer their clients, an unbiased, low-cost and personalised investment journey and options. End investors can invest towards their financial goals or towards globally curated themes and investment strategies.

Company: PortfolioQuest
Solution: PortfolioQuest
PortfolioQuest is a simulation-based virtual training environment that is configurable for every level across all functional areas of consumer, retail and P2P lending. Competitions, leaderboards, and progress metrics provide feedback on players’ financial success and drive learning engagement.

Company: Signzy
Solution: Remote Digital Current Account Opening for SMEs
Signzy uses artificial intelligence (AI) and data verification APIs to process the opening of corporate current accounts in real-time.

Company: Silent Eight Pte Ltd
Solution: Silent Eight
Silent Eight reduces the volume of false positive alerts in the AML transaction monitoring process.

Company: Singapore Life Pte Ltd
Solution: Digital Insurance
Singapore Life provides a fully digital purchasing experience for retail customers, enabling them to purchase and own a life insurance policy in a matter of minutes. The customer-centric digital solution aims to fill a gap in the market, catering to customers who are looking for adequate protection with minimal complexity – either on their own, or through an advisor.

Company: SingX Pte Ltd
Solution: SingX
SingX offers a cheaper, faster, and more convenient solution to make cross-border payments.

Also Read: Singapore fintech startup Validus Capital raises US$2.9M to grow SME lending platform

Company: Spark Systems Pte Ltd
Solution: Spark FX
Spark uses the latest technology to improve the user experience in trading and execution. Through a stable, fast and resilient platform Spark also provides analytics to the user to capitalise their liquidity and trading history.

Company: Symphony Communication Services Singapore Pte Ltd
Solution: Symphony
Symphony is the cloud-based messaging and collaboration platform that connects markets, organisations, and individuals securely.

Company: The Association of Banks in Singapore
Solution: PayNow
PayNow is an enhanced funds transfer service that lets customers of seven participating banks to send and receive Singapore Dollar funds almost instantly from one bank to another through FAST just by using the recipient’s mobile number or Singapore NRIC/FIN.

Company: United Overseas Bank
Solution: Telco Insights POC
UOB Business Banking partnered with
DataSpark, a wholly-owned subsidiary of Singtel, to evaluate the use of Telco data as an early default indicator for its lending portfolio.

Company: VoxSmart Pte Ltd
Solution: Mobile Compliance and Surveilliance
VSmartTM enables organisations to fully comply with mandatory regulations in EMEA, APAC and NA. VSmartTM protects organisations and employees from fraud, and the associated risk of liability and heavy financial penalties by recording and securely storing mobile voice and data relating to financial transactions.

Image Credit: sepavo / 123RF Stock Photo

The post Here are the 30 finalists of Singapore’s The FinTech Awards appeared first on e27.