Inviting Innovators To Solve Industry And Business Challenges
Harnessing Technology to Power Green Finance
GLOBAL FINTECH HACKCELERATOR 2021
The Monetary Authority of Singapore (MAS) launched the MAS Global FinTech Hackcelerator which seeks to identify and recognise ground-breaking solutions that can enable the financial sector to respond to the existential challenge of our time – climate change. The Global FinTech Hackcelerator is open to all start-ups with a market-ready product. Winners will walk away with a total cash prize of S$150,000, and the chance to conduct a Proof-of-Concept with a Singapore-based Financial Institution with up to S$200,000 from MAS’ FSTI Proof-of-Concept grant.
This year’s Global FinTech Hackcelerator focuses on Green Finance and the role of Green FinTechs in the ecosystem.
Themes for problem statements
MOBILISE CAPITAL
Increase access to capital for Green projects or solutions
MONITOR COMMITMENT
Enhance Investor and Financial Institution ease of monitoring sustainability commitments from issuers
MEASURE IMPACT
Improve ability to measure impact of loans and investments against their stated sustainability goals
BENEFITS TO FINALISTS
20 shortlisted finalists received
S$20,000
Cash Stipend
Mentorship
by Industry Experts
S$200,000
Fast-tracked to receive up to S$200,000
Free Access
to APIX Sandbox for Rapid Prototyping
Access Network
of Potential Clients and Investors
20 shortlisted finalists showcased their innovative solutions to an international industry panel of judges during the Global FinTech Hackcelerator Demo Day at SFF 2021. The top three winning teams (in no order of merit) were also announced at the SFF 2021.
| Company Name | Solution Name | Country |
|---|---|---|
| Descartes Insurance Asia Pte Ltd | Descartes’ Parametric Insurance | France |
| RootAnt Global Pte Ltd and Global Initiatives Communications Pte Ltd | BANCO | Singapore |
| YOUKI GmbH | WATTIFY | Germany |