MAS FINTECH AWARDS

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MAS FINTECH AWARDS 2020

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Closing Date: 21 August 2020

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The Monetary Authority of Singapore (MAS) launched the MAS Global FinTech Innovation Challenge which seeks to identify and recognise ground-breaking solutions that can enable the financial sector to respond to two pressing global challenges of today - COVID-19 and climate change. The MAS Global FinTech Innovation Challenge comprises 2 distinct competitions - MAS FinTech Awards and MAS Global FinTech Hackcelerator with a total cash prize of S$1,750,000.

The MAS FinTech Awards represent the industry's highest accolade for FinTech innovation. This year's edition of the award will recognise FinTech projects implemented by entities that have enabled the financial sector to respond to the challenges posed by COVID-19 and/or climate change across 4 categories:

Singapore Founder
  • The term ‘founder’ is defined as an individual who was instrumental in setting up the FinTech firm (no majority share-ownership required)
  • Company must a Singapore-based SME with at least one Singapore Citizen or Singapore Permanent Resident (PR) founder
  • The company must have a physical office registered in Singapore
  • The company’s FinTech solution must have been implemented in any part of the world in the past 3 years (1 June 2017 – 30 June 2020)
ASEAN FinTech
  • Company must be an ASEAN-based FinTech company
  • The company’s core business and solution must be related to the finance industry
  • The company need not be regulated by any regulatory body
  • The company must have a physical office registered in ASEAN
  • The company’s FinTech solution must have been implemented in ASEAN in the past 3 years (1 June 2017 – 30 June 2020)
Singapore Financial
Institution
  • Financial Institution must be Singapore-based
  • Financial Institution can be of any size
  • Financial Institution must be a regulated entity in Singapore
  • The FinTech solution must have been implemented in at least one ASEAN country in the past 3 years (1 June 2017 – 30 June 2020)
  • The Singapore office must have contributed in the implementation / deployment of the FinTech solution
Global
  • The FinTech solution must have been implemented in any part of the world in the past 3 years (1 June 2017 – 30 June 2020)

Up to 12 winners will be selected to win

cash prizes totaling S$1,200,000

Applications open: 8 June 2020 – 21 August 2020

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