Check out highlights from the 2019 Global FinTech Hackcelerator, including Demo Day which showcased pitches by finalists of the Hackcelerator, and the Awards Ceremony!

The 2019 Global FinTech Hackcelerator seeks to create impactful, market-ready FinTech solutions that solve real industry needs in three focus areas:(i) Financial Inclusion, (ii) Insurance, (iii) Banking and Finance, and (iv) General

Twenty global finalist teams were shortlisted to receive cash stipends of S$20,000, mentorship by industry experts, access to potential clients and investors, and an opportunity to win cash prizes of S$50,000 each. The finalists were also fast-tracked in their application to receive grant funding under the MAS Financial Sector Technology and Innovation (FSTI) Proof-of-Concept Scheme.

LOCAL PROGRAMME

MAS published 70 problem statements gathered from the financial industry and invited innovative start-ups from around the world to submit their market-ready solutions to these problem statements. Similar to the previous three editions of the Global FinTech Hackcelerator, these finalists went through a 12-week virtual programme and were assigned corporate champions and industry mentors to develop and refine their market-ready solutions into contextualised prototypes ready for Demo Day at SFF x SWITCH.

INTERNATIONAL PROGRAMME

In addition to the Local Programme, a new component of the FinTech scouting process in 2019 is the International Programme. To increase the diversity of FinTech solutions in the programme, and deepen the outreach to the global FinTech community, the International Programme selects two winners per country from FinTech competitions in Abu Dhabi, Kenya, South Africa, United Kingdom and United States of America.

The winners of the Global FinTech Hackcelerator were selected through the Global FinTech Hackcelerator Demo Day on 11 November, where they had pitched their innovations to an industry panel of judges. The top three teams are (in no order of merit):