The Financial Authority of Singapore (MAS) and the Singapore Fintech Affiliation (SFA) introduced the finalists of the Singapore Fintech Competition’s (SFF) International Fintech Awards.
Supported by PwC Singapore, the awards recognises modern fintech options by corporates and people which have remodeled the {industry}, created new progress alternatives, promoted monetary inclusion, and enhanced the supply of economic companies.
Submissions have been acquired throughout six award classes; International Fintech, ASEAN Fintech, Singapore Fintech, ESG Fintech (thematic), Synthetic Intelligence (thematic), and Leaders Award.
A brand new initiative known as “Fintech Provides Again” was launched for the awards this 12 months. Members of the fintech group resembling OKX, Ripple, NETS, YouTrip, Pingpong, and Syfe have contributed in the direction of the prize monies. This initiative will proceed in future editions of the awards.
International Fintech Finalists
Algogene Monetary Expertise
ALGOGENE is the next-generation funding platform for studying, creating, testing, executing, and investing on buying and selling bots. By their patents backed internet platform, one can simply create any algo methods, connect with a number of brokers/exchanges for reside buying and selling and study from the buying and selling group.
Habitto
Habitto is Japan’s first digital financial institution that gives free monetary recommendation. By a cellular platform, Habitto offers a mixture of companies together with excessive curiosity financial savings account, debit card, investments, and insurance coverage merchandise, complemented with a very human-centric advisory service.
Headquarters (HQ.xyz)
Headquarters (HQ.xyz) is a FinOps resolution aimed toward simplifying treasury administration for Web3 groups. With options like an aggregated view of a number of crypto wallets, seamless book-keeping with current accounting software program, and cost functionalities, HQ.xyz offers a one-stop resolution for monetary administration within the crypto house.
Netcetera
Netcetera’s 3DS Server and SDK provide seamless on-line purchasing. Being 1st in Europe and 2nd globally, EMVCo-approved product, compliant with EMV® 3DS 2.x and card community programmes, it limits non-authenticated transactions and boosts safety. This frictionless expertise is available in two choices: on-premise 3DS Server or SaaS on a cost platform.
PureSoftware
Financial institution’s digital lending resolution, powered by Arttha, was conceived with a imaginative and prescient to catalyse monetary inclusion and digital banking within the unbanked and underbanked areas of the nation and supply a seamless, extremely scalable and omnichannel expertise to the purchasers.
Techgethr
Fee system that integrates the totally different monetary methods and Blockchain networks, to facilitate funds in fiat, cryptocurrencies and Central Financial institution Digital Currencies, in a easy and environment friendly method, with a deal with the unbanked inhabitants, and micro and small companies.
ASEAN Fintech Finalists
Advance Intelligence
ADVANCE.AI’s one-stop platform permits monetary companies, ecommerce, Web3.0 and funds corporations to orchestrate and customise their buyer lifecycle journeys throughout KYC onboarding, fraud and danger administration in addition to AML/regulatory compliance. The tip result’s much less complexity, decrease friction and price effectivity whereas bettering buyer expertise and time to market.
Alta Different Investments
Their PMaaS resolution, a set of interconnected, configurable, white-label expertise platforms, provides monetary establishments the important thing to unlocking entry to a various vary of different property for his or her purchasers. This offers an end-to-end, a-lacarte suite of APIs and person experiences to corporations seeking to remodel their personal capital markets companies.
Mambu
Mambu’s cloud-native banking platform helps main monetary establishments in ASEAN, together with Cake (Vietnam), GoTyme Financial institution (Philippines), and Subsequent Capital (Thailand). It affords a technological basis for each digital and conventional banks, lenders, and fintechs, enabling innovation and progress within the area’s monetary companies sector.
MonetaGo
The system prevents duplicate financing and offers genuineness checks for paperwork utilized in commerce finance. It makes use of digital fingerprinting created from hashing expertise to deduplicate paperwork. It offers authentication of paperwork in opposition to trusted third-party sources, resembling commerce and maritime information aggregators and authorities businesses.
Wage Hero
Wage Hero is a monetary well being platform for Thai staff. Their service allows corporations to enhance employees well-being by offering them with monetary instruments together with wage on demand, monetary training, budgeting instruments and excessive curiosity financial savings. Employers see tangible upside, pushed by decrease employees turnover and a happier, extra productive workforce.
WeavInsight
WeavAir affords monetary establishments an ESG funding digital twin software program powered by satellite tv for pc earth statement, IoT networks, in addition to AI algorithms. The software program helps monetary establishments assess ESG and local weather indicators with 40%+ improved accuracy and helps realtime monitoring of ESG dangers, lowering the price and time required to make correct selections by at the very least 10-fold.
Singapore Fintech Finalists
Finmo Tech
Finmo is constructed on the inspiration of real-time cost rails and facilitates instantaneous cash transfers, correct money move forecasting, optimised liquidity administration, efficient monetary danger mitigation, and seamless compliance with monetary rules – in a single place.
iLex
iLex is a digital platform delivering extra liquidity, effectivity, intelligence, and safety to the historically fragmented and inefficient company mortgage markets. iLex affords a one-stop for deal alternatives, market information, and connectivity with the ecosystem with their synergistic partnerships with main international banks, resolution suppliers and information suppliers.
Sensen Expertise
SenSen Pay is an modern resolution that addresses inefficiencies of current cost methods amid rising prices and disrupted provide chain points confronted by international companies. SenSen Pay employs leading edge expertise that reduces cost processing value considerably, benefitting companies and shaping the way forward for the cost panorama.
Stemly
Stemly utilises newest Synthetic Intelligence algorithms that harness transactional and bill information at a granular degree to generate exact money move predictions. This modern method bridges the connection between companies and monetary establishments, streamlining the supply of tailor-made monetary companies and merchandise.
Thunes
Thunes is a B2B funds firm constructing international infrastructure for the twenty first century by enabling seamless, instantaneous and clear cash motion. Their modular capabilities empower their prospects to Pay, Settle for, Alternate and Comply, closing the hole between cost methods in developed and rising markets worldwide.
Whitechalk
Its resolution Surer is a cloud-based insurtech platform with a digital ecosystem of intermediaries and insurers. It offers tech options to assist orchestrate the community within the insurance coverage {industry} enabling insurance coverage intermediaries to shut offers with larger velocity and permits insurers to distribute their product with higher effectivity.
ESG Fintech Finalists
GreenArc Capital
GreenArc is an impression funding and analytics fintech with an impression administration expertise resolution: impactGINI. An industry-first impression measurement API providing impression measurement and reporting for debt investments, impactGINI helps monetary establishments measure and maximise the social and environmental impression of their investments in the direction of closing the UN SDG financing hole.
KoinWorks
KoinWorks empowers farmers and suppliers by filling the monetary hole in agriculture. Their platform connects key stakeholders, together with offtakers, and keen funders, guaranteeing very important working capital flows easily. This fosters monetary accessibility, significantly in distant areas, creating a strong ecosystem for sustainable agricultural progress.
Metaverse Inexperienced Alternate
MVGX’s Carbon Join Suite addresses the struggles that firms and governments face, together with reaching their Nationally Decided Contributions, by offering end-to-end software program instruments. These instruments guarantee regulatory compliance, measure emissions, forestall greenwashing, provide inexperienced financing and extra. The suite includes 5 core merchandise tailor-made to purchasers at numerous decarbonisation phases.
U-Reg
Following the “enter as soon as, report back to many” precept, U-Reg affords complete AI pushed reporting capabilities throughout numerous ESG requirements by an equivalence software. Furthermore, this software allows advisory companies for requirements an entity needs to report on or aids creating particular frameworks, industry-specific or tailor-made to a specific entity’s wants.
Wagesage
Its company ESG software GetPaid is a monetary worker profit that enables workers to entry their earned wages on-demand. As a monetary wellbeing instrument, it empowers workers to higher handle their funds by accessing their earned wages at any time when they want it.
Zuno
Zuno Carbon offers end-to-end ESG options that helps organisations measure, offset, and cut back emissions by integrating throughout their enterprise worth chain to gather exercise information – powering them in the direction of their sustainability targets, one step at a time.
Synthetic Intelligence Finalists
Financial institution Julius Baer (Singapore Department)
Julius Baer’s LLM resolution Suite permits Financial institution Julius Baer to leverage the fast improvement of Giant Language Fashions by entities like OpenAI, with fashions which might be educated on monumental datasets, however constructed for particular Financial institution use circumstances throughout a number of divisions from the Entrance to Again, together with Danger Administration.
Financial institution of China Innovation lab
BOC Synergia AI Hub is an unified AI useful resource hub with a full-stack AI expertise functionality. It empowered BOC to understand a complete and scalable implementation of clever options tailor-made to varied situations from buyer acquisitions, retention to inside operations and danger administration, in addition to assessing ESG components
Featurespace
ARIC™ Danger Hub combines proprietary Adaptive Behavioral Analytics and real-time machine studying to watch and construct behavioral profiles throughout information sources to grasp real buyer conduct and establish anomalies. The answer’s flexibility permits monetary establishments to modernise with out dangerous rip-andreplace tasks, meet regulatory mandates, enhance investigation efforts, and higher shield prospects.
MoolahGo
Shizu is a brand new interface for MoolahGo’s funds platform with generative AI potential to grasp pure language, function in a number of dialects and work with their imperfections. Shizu is enabled by OpenAI’s ChatGPT and doesn’t want varieties or buttons as she captures consumer requests by a easy message interface.
Moomoo Monetary Singapore
Their digitalised brokerage and wealth administration platform – moomoo – is a complete one-stop resolution for retail buyers to not solely commerce, but additionally obtain monetary resilience by their easy-to-use tech options that degree the enjoying area between them, accredited buyers and even skilled fund managers.
Trusting Social
Trusting Social has constructed the most important AI powered resolution to allow lending to underbanked customers in ASEAN. In Vietnam, Indonesia and the Philippines, their credit score insights have enabled banks to guage 55 million loans. They labored with 190 lenders in 2022, demonstrating their product’s scalability and worth to client lending.
Leaders Award Finalists
The winners of the awards, along with the highest three winners of the International Fintech Hackcelerator 2023 will probably be introduced on 16 November 2023, on the SFF International Fintech Awards Dinner.