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MAS FinTech Awards 2020The 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 of 2 distinct competitions - MAS FinTech Awards and MAS Global FinTech Hackcelerator with a total cash prize of S$1,750,000. Find out more about the MAS FinTech Awards below.
The MAS FinTech Awards represent the industry’s highest accolade for FinTech innovation. Organized by MAS, this year’s edition of the award will recognize ground breaking FinTech projects implemented by entities across these 4 categories:
MAS FinTech Awards Journey
Find out how you can be part of this journey
Registration
Commences from 8 Jun 2020Register to Participate in the MAS FinTech Awards.
Submit Application
Closing Date 21 Aug 2020Submit your application and tell us how your organisation's implemented solution has enabled the financial sector to respond better to the pandemic and climate change, and achieve a more sustainable outcome.
Finalists Selection
Dates Oct 2020Up to 40 finalists will be selected by a panel of industry experts under four categories - Singapore Founder, ASEAN FinTech, Singapore Financial Institution and Global.
Winners Selection
Dates Dec 2020Up to 12 winners will be selected to win a total of S$1.2Mil in cash prizes.
MAS FinTech Awards Categories
This year, we seek to recognize revolutionary FinTech solutions that have been implemented to enable the financial sector to respond better to the pandemic and climate change, and achieve a more sustainable outcome.
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)
What’s In It For You
Finalists and winning teams will get:
Exclusive Networking Access
Finalists will get exclusive networking access to investors and potential clients e.g. through Deal Friday
S$1,200,000
Cash Prize
Up to 12 winners will walk away with cash prizes totaling S$1,200,000
Key Milestones
June to August
Applications open for MAS FinTech Awards
October
Announcement of up to 40 finalists
December
Announcement of up to 12 winners of the MAS FinTech Awards
Eligibility Criteria
We welcome all solution providers and Financial Institutions with an implemented innovative solution to apply for the MAS FinTech Awards.
Frequently Asked Questions
Need help? Refer to these FAQs for answers to commonly asked questions
The applicant’s company must be a Singapore-based SME FinTech company with at least one Singapore Citizen or Singapore Permanent Resident (PR) founder.
The SME company must have a physical office registered in Singapore and the innovative solution must have been implemented in any part of the world in the past 3 years (1 June 2017 – 30 June 2020). A founder is defined as an individual who was instrumental in setting up the FinTech company. The founder need not have majority share ownership.
Have more questions? Head over to APIX Community!
The APIX Community is an online forum that hosts discussions, exchange of ideas, problems and solutions around finance & technology with members from different backgrounds: Financial Institutions, FinTechs, Developers, Business Leaders, Government Bodies and NGOs from all around the world.
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