Celebrating the work that has been done by fintechs this past year, the Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) announced the winners of the Global FinTech Hackcelerator and the SFF Global FinTech Awards at the Singapore FinTech Festival (SFF) 2023.
Discussing the awards at the Singapore FinTech Festival, Sopnendu Mohanty, chief fintech officer, MAS, said: “The Global FinTech Hackcelerator and the Global FinTech Awards continue to serve as a key platform to harness the potential of innovative, impactful solutions that address real needs in the financial industry.
“We are pleased to see the winning entries display exceptional capabilities in creating new growth opportunities and enhancing the delivery of financial services. Our heartiest congratulations to all the winners!”
Global FinTech Hackcelerator
Artificial intelligence (AI) has been a hot topic with the emergence of ChatGPT and its capabilities catalysing the technology’s adoption across the globe. In light of this, in partnership with AI Singapore and powered by Oliver Wyman, the Global FinTech Hackcelerator was themed ‘AI in Finance Global Challenge’.
The objective was to create an innovative and market-ready AI solution. Nineteen finalists pitched their new products to an international industry panel comprising academics, AI technical specialists and industry practitioners. The winners were selected on Demo Day held during SFF on 15 November 2023.
The top three teams (in alphabetical order and in no order of merit) that will receive S$50,000 each in prize money are:
| Company Name | Solution Name | Country |
| Pints AI | Neuron | Singapore |
| Toggle AI | ToggleChat | USA |
| Visa Inc. | CarbonSage.AI | USA |
Pints AI offers an on-premise solution that enables financial institutions to optimise operations through personalised data training. All the while it caters to the financial sector’s critical data security requirements.
Toggle AI’s solution offers a chat interface that enables investors to access information about the market and their portfolio. It also provides them with curated insights to make informed investment decisions.
Visa Inc.’s solution enables corporates to score and forecast carbon emissions based on card and non-card transaction data, and provide customised recommendations to achieve a net zero carbon footprint.
Prof. Mohan Kankanhalli, deputy executive chairman, AI Singapore, said: “Congratulations to all the winners of the AI in Finance Global Challenge! This year’s Global FinTech Hackcelerator has seen many creative and innovative applications of AI in Finance. We are hoping to see the winning teams continue to grow, develop and scale beyond this Hackcelerator to unlock greater potential for the sector.”
SFF Global FinTech Awards
The awards, supported by PwC Singapore, sought to recognise fintechs that have capitalised on new technologies and created new growth opportunities. Especially honing in on those that promoted financial inclusion and enhanced the delivery of financial services.
The 13 winners across six award categories were selected from a total of 96 submissions. New thematic categories in AI and Environmental, Social and Governance (ESG) fintech were introduced this year. The winners were chosen by an international panel comprising industry experts across multiple domains.
The winners for the Corporate Categories for the SFF Global FinTech Awards 2023 are:
| Award Category (Corporates) | Placing | Company Name |
| Global FinTech | 1st | Algogene Financial Technology Company Limited |
| 2nd | Headquarters (HQ.xyz) | |
| ASEAN FinTech | 1st | Advance Intelligence Pte Ltd |
| 2nd | Mambu | |
| Singapore FinTech | 1st | Whitechalk Pte. Ltd. |
| 2nd | Thunes | |
| Thematic (AI) | – | MoolahGo Pte Ltd |
| – | Trusting Social | |
| Thematic (ESG FinTech) | – | KoinWorks |
| – | Zuno Pte. Ltd. |
The winners for the Individual Category (in recognition of C-Suite leaders) under the SFF Global FinTech Awards 2023 are:
| Award Category (Individual) | Individual Name | Company Name |
| Leaders | Nikhilesh Goel | Validus, co-founder and group CEO |
| Jacqueline Pang | Artius Global, CEO and managing director | |
| Bo Bai | MVGX, executive chairman and co-founder |
Shadab Taiyabi, president of SFA, said: “Sincere congratulations to the winners of the Global FinTech Hackcelerator and the Global FinTech Awards! As the fintech sector evolves, we are proud to see Singapore remain as a key hub in the region, and this wouldn’t be possible without the great efforts of our fintechs.
“We look forward to seeing the impact of more excellent work from the winners as they continue to shape the future of fintech.”
