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Innovators from All Over Recognized for Contributions to Fintech Zeitgeist

The Monetary Authority of Singapore (MAS) recognized organizations from around the globe for their innovative work solving fintech industry problems during their Global FinTech Hackcelerator and FinTech Awards competitions.

"We have been seeing improvements in the quality of submissions for both the Global FinTech Hackcelerator and the FinTech Awards year on year. We are also happy that this year’s FinTech Awards winners included applicants from past editions, who have come back with improved solutions," said Sopnendu Mohanty, the chief fintech officer at the MAS. "This is testimony to the success of the programmes, which seek to incubate new FinTech solutions to solve real industry needs." Mohanty also expressed gratitude for MAS's partnership with PwC Singapore and KPMG Digital Village.

The Global FinTech Hackcelerator winners, ranked in no particular order of merit, are:

  • Pula Advisors GmbH
  • Arthance LLC
  • MindBridge Analytics Inc.

The winners were selected after they pitched to an industry panel of judges at the Global FinTech Hackcelerator Demo Day during the "Singapore FinTech Festival x Singapore Week of Innovation and Technology." They were given S$50,000 each for their efforts.

Also recognized were 12 FinTech Awards honorees, including four top winners in the "Singapore Founder," "ASEAN SME," "ASEAN Open," and "Global" categories. The top winners, chosen out of 245 submissions from more than 30 countries, were: Onchain Custodian, InfoCorp Technologies Pte Ltd, CredoLab Pte Ltd and TransferWise from the United Kingdom, respectively. The winners, announced in conjunction with the Association of the Banks in Singapore (ABS), included three returning finalists from last year's competition, according to information from the MAS. "The 12 winners will walk away with a combined prize money of S$1.2 million," according to the announcement.

Benzinga Finalists Revealed Ahead of New York City Ceremony

On the cusp of the largest ever Benzinga Global Fintech Awards, the group unveiled the companies being recognized during its Nov. 19 New York City ceremony. "This year, Benzinga is recognizing the award winners for the advancements they're making in financial technology. From deeply established companies to the newest startups, this group is impacting sectors like payments, banking, investing, technology and financial literacy," according to a press release.

The event is the fifth of its kind. A complete list of the 150 companies and executives considered and vetted can be found here. A handful of companies will be recognized on stage during the event. "We're recognizing the companies that will define the future of our financial lives," said Benzinga CEO Jason Raznick in a statement.

Among the categories being awarded are:

  • Best AI Platform
  • Best Data Analysis Tool
  • Best API
  • Best Digital Bank
  • Best Accelerator
  • Best Alternative Investments
  • Best Brokerage for Beginners
  • Best Brokerage for Options Trading
  • Best Brokerage for Options Trading
  • Best Brokerage for Trading Futures
  • Best Canadian Brokerage
  • Most Impactful Brokerage Executive
  • Best Lending Platform
  • Best Financial Literacy Tool
  • Best New Product
  • Best Payments App
  • Best Use of Blockchain

"Since the inaugural Benzinga Fintech Awards in 2015, our listmakers have closed $300 million in deals and partnered with some of the biggest players in the industry. We look forward to honoring these players for years to come, as well as finding the next generation of fintech," said Raznick. The Lifetime Achievement award went to Charles Schwab, according to Benzinga.

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