News Technology 17 Nov 2017

Singapore:MAS announces winners of the Global FinTech Hackcelerator

| 17 Nov 2017

The MAS has announced the three winners of the Global FinTech Hackcelerator, which is a part of the 2nd Singapore FinTech Festival. The three were selected from a pool of 20 finalists that presented their solutions at Demo Day yesterday.

They are (in alphabetical order):

Fintech Winning Solution 
Moxtra (India) Moxtra is an embeddable Secure Messaging and Business Collaboration Service for the mobile on-demand era that helps transform business critical applications for mobile and web with powerful collaboration. 
SQREEM (Singapore) SQREEM offers a platform that delivers asymmetric information in real-time on virtually any market, economy, or company around the world. SQREEM data can be fed into existing risk management systems and trading platforms, or accessed via custom dashboards developed specifically for individual clients. The firm offers AML and KYC solutions to track external market events, trends and insights.

Trunomi

(USA)

Trunomi provides customer consent and data rights management technology which enables businesses to request, receive and capture customer consent to the use of their personal data. For the business we create consent receipts and convert them to customer data rights accessible across all data systems. We enable businesses to comply with regulations by putting in place auditable workflows to record and prove lawfulness of processing of customer data.

 

The Global FinTech Hackcelerator, powered by KPMG Digital Village, is a platform for problem statements collected from the financial industry to be matched with innovative market-ready solutions from around the world. This year, MAS published 100 problem statements under four categories (Customer-Facing, Financial Inclusion, RegTech, and General), and received 580 submissions from over 40 countries. Twenty teams were shortlisted by a panel of industry judges to participate in the 12-week programme. The teams worked with corporate champions and industry mentors to tailor and refine their market-ready solutions into contextualised prototypes and implementable use cases for the industry.

Moxtra, SQREEM and Trunomi received their awards from MAS Managing Director, Mr Ravi Menon, at the FinTech Awards ceremony last evening. Each team received a cash prize of S$50,000 (US$36,900). Mr Menon also handed out awards to five winners in the student category of the Global FinTech Hackcelerator. This category was introduced this year to encourage innovation and creative thinking amongst students around the world in solving industry problems.

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