The most sought after competition for exciting and innovative start-ups looking to address problem statements collated from the financial industry.

As part of the Hackcelerator, MAS has published problem statements gathered from the FinTech community and is inviting innovative start-ups from around the world to submit their market-ready solutions to any of these chosen problem statements.


Problem Statement Categories

To participate in the Hackcelerator, select the problem statement of your choice that falls under any of the 4 categories below and tell us about your solution. Shortlisted submissions will be invited to participate in a 12-week virtual programme.

During the programme, each team will be assigned corporate champions and industry mentors to develop and refine their market-ready solutions into contextualised prototypes ready for Demo Day.

  • Financial Inclusion

    Solutions which empower consumers and businesses to gain access to financial services

  • Banking and Finance

    Solutions which help financial institutions revolutionize the future state of areas within Banking and Finance (i.e. Retail banking, Corporate Banking, Asset Management etc.)

  • Insurance

    Solutions which help financial institutions revolutionize the future state of insurance.

  • General

    Solutions which empower financial institutions to heighten customer experience or improve their efficiency

What’s in it for Participants

  • S$50,000 cash prize for the top 3 winners
  • Finalists will be fast tracked to receive a S$200,000 FSTI Proof-of-Concept Grant
  • Opportunity to solve real problems and develop solutions that meet industry needs
  • Receive valuable business guidance and support from leaders in the industry
  • Get connected with the FinTech ecosystem
  • Opportunity to join Corporate Adoption programmes and collaborative ecosystems (e.g. KPMG Digital Village)

Global FinTech Hackcelerator Timeline

  • 31 May to
    3 Jul'19

    Problem statements published and applications open

  • 26 Aug'19

    12-week programme commences

  • Oct 2019

    Mid-programme checkpoint

  • 11 Nov’19

    Demo Day

  • Post programme adoption

How to Apply


To view the problem statements, please click here

Demo Day on 11 November 2019, Singapore Expo

The Global FinTech Hackcelerator Demo Day will showcase 5-minute pitches by the finalists of the Hackcelerator at the
Singapore FinTech Festival 2019. Check this space to find out who are our shortlisted finalists!


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