Recognising the accelerated pace of digitalisation in businesses over the last two years, the theme for the 2022 Awards is “Embracing Digital, Charting the New Normal.” The Awards seek to recognise innovative FinTech solutions by FinTech companies, financial institutions, technology companies, as well as individuals and companies that have been instrumental in creating new growth opportunities, transforming FinTech industry practices and promoting financial inclusion.
SFF Global FinTech Awards 2022 (MAS)
MAS FinTech Awards 2022
The theme for the Awards this year is "Embracing Digital, Charting the New Normal". With that theme in mind, a total of 12 winners will be selected across 4 different award categories. Please refer below for the various award categories.
A new sustainability criteria has been included on top of the previous judging criteria of impact, practicality, interoperability, and uniqueness and creativity. This underscores the importance and urgent need for active integration of environmental, social and governance (ESG) factors as part of the overall FinTech business model.
The Awards comprises of a total of 4 Award Categories and winners will be presented with prizes at the Singapore Fintech Festival 2022.
Recognising the accelerated pace of digitalisation in businesses over the last two years, the theme for the 2022 Awards is "Embracing Digital. Charting the New Normal." A new sustainability criteria has been included on top of the previous judging criteria of impact, practicality, interoperability, and uniqueness and creativity. This underscores the importance and urgent need for active integration of environmental, social and governance (ESG) factors as part of the overall FinTech business model.
Commendation Plaque for winners in each category
Winners will be selected under the five awards categories by an international panel comprising of industry experts.
One third prize winner per award category: 1. Singapore Fintech (Singapore Founder), 2. ASEAN Fintech, 3. Singapore Financial Institution, 4. Global
Singapore FinTech (Singapore Founder)
- The term 'founder' is defined as an individual who was instrumental in setting up the SME. There is no need for majority share-ownership.
- Company must be a Singapore-based SME with at least one founder who is a Singapore Citizen or Singapore Permanent Resident.
- The SME must have a physical office registered in Singapore.
- The solution must have been implemented/deployed in any part of the world within the past three years (1 July 2019 – 30 June 2022).
- ASEAN-based FinTech company i.e. a technology provider providing product/services to the financial sector.
- The FinTech company’s core business must be related to the finance industry.
- The FinTech company need not be regulated by any regulatory body.
- The FinTech company must have a physical office registered in ASEAN.
- The solution must have been implemented/deployed in at least one ASEAN within the past three years (1 July 2019 – 30 June 2022).
Singapore Financial Institution
- Singapore-based Financial Institution of any size.
- The Financial Institution must be a regulated entity in Singapore.
- The Singapore office must have contributed to the implementation/deployment of the solution in at least one ASEAN country within the past 3 years (1 July 2019 – 30 June 2022).
- FinTech project implemented in any part of the world within the past three years (1 July 2019 – 30 June 2022).
Who can apply for the FinTech Awards?
We welcome all solution providers and Financial Institutions with an implemented innovation solution that enables the financial sector to respond better to the pandemic and climate change, and achieve a more sustainable outcome to apply for the MAS FinTech Awards.
Do I need to specify which category I am applying for in the application form?
Yes, please specify the award category that you would like to apply for in your application under the "Hackathon Related Questions" category
How many categories can I apply for?
You may apply for more than one category if you fulfill all the criteria set out in each category.
What is the judging process for MAS FinTech Awards?
There will be 2 rounds of judging. The first round will select the top 40 finalists and the second round will select 3 winners from each of the 4 categories. In each of the award categories, the first place winner will receive S$150,000, the second place winner will receive S$100,000 and the third place winner will receive S$50,000.
Can there be more than one entity applying with the same solution?
Yes, we recognise that some solutions are a product of cooperation within the community. We welcome applications from all organisations involved.
Can one entity submit more than one application?
Each entity/company can only submit one application. If they have multiple solutions, they have to submit their best solution.
How many questions are there in the application form?
There is a total of 4 different sections of questions - 1.General, 2.Product/Services Details, 3.Team and 4.Hackathon Related Questions.
Is it compulsory to submit supporting documents?
Uploading of supporting document file in PDF, DOC, DOX not larger than 15 MB is compulsory to submit your proposal. "Continue later" will save your proposal as a draft and does NOT deem as submitted. Draft proposals will NOT be considered as an entry. Please remember to submit your proposals by clicking "Submit Proposal". You will receive an email confirmation once your proposal is submitted.
How do I register and submit my proposal?
You have to sign up/ login using an account in APIX before you can register and submit your proposal. Registration of account in APIX is free of charge.
The solutions submitting will be judged against the following criteria:
- How well the solution has enabled the financial sector to respond better to the pandemic and achieve a more sustainable outcome.
- Maturity of sustainability performance including companies'
sustainability ambition, level of integration for sustainability
activities and companies' ability to innovate to provide sustainability
- How quickly or easily can the solution be implemented to address a global disruptive event such as COVID-19.
- Ability for the solution to interface with other systems.
Uniqueness and Creativity:
- Extent to which the solution differs from the status quo.