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FinTech Awards 2016 Evaluation Criteria


  • Qualifying Period: Projects implemented before 30 Jun 2016 will be eligible for consideration
  • Prize pool & winning entries: $1.15M for up to 10 winners
  • Deadline for submission: 31 Aug 2016
  • Notification of nominees: By Oct 2016


Entries could fall under any of the following categories:

  • MAS FinTech Awards (Singapore Founder): Singapore-based SMEs with at least one Singaporean founder
  • MAS FinTech Awards (Singapore SME): Singapore-based SMEs
  • MAS FinTech Awards (Singapore Open): Singapore-based companies of any size
  • ABS Global FinTech Award: FinTech project implemented in any part of the world


A panel of judges representing a cross-section of experts from the private and public sector (such as venture capital, accelerators, consultancies, industry associations, and government) will evaluate entries based on the following parameters:

  • Impact: Considerations include productivity, profitability, user experience, risk management, knowledge-transfer, and applicability beyond the financial sector
  • Practicality: Examples include ease of implementation, scalability, and cost-effectiveness
  • Interoperability: Ability for the solution to interface with other systems
  • Uniqueness & Creativity: Extent to which the solution differs from the status quo. One possible dimension could be through the approaches/technologies used to address specific problem(s).


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