As part of the first annual Fintech Festival, Singapore gifted S$1.15 million to ten different Fintech firms. Sponsored by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), a list of 200 global Fintech firms were narrowed down to 40 finalists. The winners were selected by a panel of 13 judges, representing a cross-section of international and local experts from the private and public sector.
Some pointers from DPM @Tharman_S on #FinTech #SGFintechFest #FinTechAwards pic.twitter.com/JQKFEgG7c5
— SG FinTech Festival (@sgfintechfest) November 17, 2016
Deputy Prime Minister and Chairman of MAS, Tharman Shanmugaratnam, and ABS Chairman, Wee Ee Cheong, presented the awards to the 10 FinTech companies in a ceremony that was attended by more than 1,000 attendees.
“The MAS FinTech Awards celebrate the spirit of innovation and creativity within Singapore’s financial sector. We were impressed by the technical quality and breadth of the solutions, many of which span multiple business areas. We look forward to seeing how these solutions can redefine and improve the way we experience financial services.” commented Sopnendu Mohanty, Chief FinTech Officer of MAS.
The 10 awardees are:
| Award | Company Name | Prize |
| ABS Global FinTech Award1 | BioCatch | S$150,000 |
| MAS FinTech Awards (Singapore Open)2 | 1st place – fastacash Pte Ltd | S$250,000 |
| 2nd place – M-DAQ Pte Ltd | S$100,000 | |
| 3rd place – Pole Star Space Applications Ltd | S$50,000 | |
| MAS FinTech Awards (Singapore SME)3 | 1st place – Tookitaki | S$150,000 |
| 2nd place – Turnkey Lender Pte Ltd | S$100,000 | |
| 3rd place – Funding Societies Pte Ltd | S$50,000 | |
| MAS FinTech Awards (Singapore Founder)4 | 1st place – CashRun | S$150,000 |
| 2nd place – Aimazing | S$100,000 | |
| 3rd place – FinChat Technology | S$50,000 |