MAS Announces Winners of the Global FinTech Hackcelerator

 Company   Name

 Description of winning solution

 Moxtra

 Moxtra is an embeddable Secure Messaging and Business Collaboration   Service  for the mobile on-demand era that helps transform business critical   applications for mobile and web with powerful collaboration. 

 SQREEM

 SQREEM offers a platform that delivers asymmetric information in real-time on   virtually any market, economy, or company around the world. SQREEM data   can be fed into existing risk management systems and trading platforms, or   accessed via custom dashboards developed specifically for individual clients.   The firm offers AML and KYC solutions to track external market events, trends   and insights.

 Trunomi

 Trunomi provides customer consent and data rights management technology   which enables businesses to request, receive and capture customer consent to   the use of their personal data. For the business we create consent receipts and   convert them to customer data rights accessible across all data systems.   Trunomi enables businesses to comply with regulations by putting in place   auditable workflows to record and prove lawfulness of processing of customer   data.

 Ardiente 

 Ardiente comprises students in their penultimate year in Singapore Management   University and National University of Singapore, majoring in data science,   economics and analytics. They have developed hybrid deep learning and   machine learning algorithms to detect fraudulent transactions. The team is   looking for industry partners to test out their algorithms.

 FinnovAI

 FinnovAI is a 2-man team from IIT Madras. They have developed and tested   preliminary theories to predict market behaviour using machine learning   techniques and deep learning models. Their plan is to create an intuitive and   user-friendly website which will learn the user's investment history and make   recommendations about the user's future financial strategy.

 LMB

 LMB consists of 4 second-year Business Applications students from   Republic Polytechnic. They have proposed a banking mobile app catering to the   visually handicapped. The app comes with features such as a digital Braille   keyboard, voice guidance systems (in 4 different national languages),   thumbprint and PIN number for 2FA, and directional guidance to nearest ATM or   bank branch.

 PolyGen

 PolyGen is a team of 7 students from Republic Polytechnic pursuing a Diploma in   Business Applications. They have developed a prototype for their solution   CocoHub, which enables payments through mobile phones with or without   internet connection. Their solution leverages on PayNow, hence the merchant   does not need to incur any credit card surcharge for this cashless solution.

 VANSJH

 VANSJH is a group of classmates from Republic Polytechnic. They hope to   improve the convenience of mobile banking for the visually impaired through   their solution called OBVI, which can be integrated into an existing bank's   mobile app. OBVI can dim the phone screen at the start of the application for   privacy purposes; it also comes with an Interactive Voice Response to guide the   user to navigate the services within the app.

 Winning   Teams

 Moxtra

 Balasubramanyam Mohan, General Manager - Products & Operations: "Moxtra   is very privileged to win this prestigious award and be recognised for its   solution that focuses on providing a hi-touch, personalised client engagement   and collaboration for the financial services industry. We want to enable financial   institutions to redefine how they deliver "mobile first" client engagement   through the Moxtra solution that is embeddable, secure and auditable. The   solution aims to deliver customers a great user experience, increase customer   relationship value by over 150% and bank staff productivity by over 100%.   This award and recognition will help us accelerate our growth not just in the   region, but globally."

 SQREEM

 Ian Chapman-Banks, CEO: "SQREEM Technologies, as a Singapore based   company is proud and humbled to have been the recipient of this amazing   award. 

 As a company, we have been focusing all our attention and resources on   building a world class machine learning platform and also, we are aiming to   becoming a world leader in acquiring and processing behavioural data to help   solve real world problems for our finance banking and insurance clients.

 We started in Singapore and now we are expanding to the rest of Asia, UK, EU   and the USA. With the help of this award, this will turbo charge our expansion."

 Trunomi

 Stuart Lacey, CEO and Founder: "Trunomi is thrilled to win this award from   MAS, further recognizing the value of our global data privacy enhancing   solution. Our platform unlocks the power of customer data using consent and   data rights management and enables large organizations to offer their   customers an easy and powerful set of tools to manage the access to and   control of personal data; solving key regulatory problems and enhancing   customer trust, experience and engagement. We are grateful for the expert   advice and support from MAS and KPMG Digital Village in contextualizing our   solution for the ASEAN market and this award and their support will help us   accelerate our growth in this key region."

 Organisers 

 Chia Tek Yew, Head of Financial Services Advisory, KPMG in Singapore:

 "The commercial viability and ease of adoption of each of the top 20 finalists   was a very important criteria in this year's Global Fintech Hackcelerator. We   are already seeing the corporates in financial services taking an interest in   some of their solutions, and making concrete plans to work together on pilot   projects for potential implementation within their business."

 Jan Reinmueller, Head of Digital Village, KPMG in Singapore:

 "The true value of the Global Fintech Hackcelerator is moving the needle on   corporates' approach to fintech innovation. I definitely encourage the financial   services community to study the proposals and solutions that the winners and   finalists have presented, and pursue opportunities for co-innovation. In doing   so, the overall industry will be addressing the challenges identified at the start   of this journey, and benefitting from it."

 Judges

 Ian Pollari, Global Co-Leader of Fintech, KPMG International:

 "The winners of the Global Fintech Hackcelerator have demonstrated strength   in the application of innovative technologies, the commercial uniqueness of   product, and ability to scale beyond a single market or customer segment.   The challenge now is for financial institutions to find and focus on the most   executable fintech opportunities, whether it is to radically transform their   business or drive incremental innovation."

 Jeremy Anderson, Co-Chairman, Global Financial Services, KPMG Global:

 "It has been an exciting day for fintech, and for myself as a judge of the   Global Fintech Hackcelerator, to see how innovation is having a major impact   on financial services for the benefit of customers and businesses. The depth   and breadth of technologies applied, the global representation in the   Hackcelerator, and the supportive environment for new technology   championed by MAS, continues to place Singapore in the global spotlight for   fintech."

 Png Chin Yee, Senior Managing Director, Temasek:

 "It has been an exciting morning with a fantastic line-up of finalists with   solutions to real world issues."

 Rajeev Kumar Gupta, SHIFT Programme Manager a.i. -- ASEAN and SAARC,   United Nations Capital Development Fund:

 I'm very proud to be here as a judge. The finalists have shown us really   impressive solutions that the marketplace can leverage on.

 Mentors

 Celine Le Cotonnec, Chief Data Officer, AXA Insurance:

 "Mentoring Roameeo was an enriching experience. After the on-going pilot on   road safety, we wish to integrate their innovative approach on Cognitive   Assessment into our connected fleet offer for risk management. We believe it   has the potential to influence positively driver behaviour. AXA always saw   value in collaboration with start-ups to create unique value proposition and   improve the Customer experience of our partners."

 Vincent Teo, VP, The Open Vault @ OCBC, Fintech & Innovation Group, OCBC   Bank:

 "Participating in the Global FinTech Hackcelerator programme as a mentor   was a great experience. Besides providing us an opportunity to plug into the   wider, global FinTech ecosystem, we managed to gain exposure to innovative   solution providers which we believe can help us address some of the pain   points we are facing in the bank today."

 TG Ramakrishnan, Head, Digital, Singapore, ASEAN and South Asia, Standard   Chartered Bank:

 "Our vision is to be a digital bank with a human touch, and we are committed   to nurturing the next generation of tech leaders to shape the future of   banking. This mentorship programme offered a mutual exchange of ideas,   provided a deeper understanding of digital platforms and facilitated the   sharing of best practices across borders. This sets the path for greater   synergy between financial institutions and fintechs to deliver stronger   propositions and platforms for consumers."