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FintechNews.SG | 12 Companies Score SG$1.2 Mil at The Singapore Fintech Awards 2018

he Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 12 FinTech companies a total of SG$1.2 million divided for 12 different companies at the Fintech Awards, which took place at the third Singapore FinTech Festival.

This time around, the awards featured a greater ASEAN representation, with a focus on financial inclusion,  spanning different business areas like credit-scoring, mobile security, anti-money laundering, and digital investment. The Fintech Awards, supported by PwC, recognises innovative FinTech solutions that have been implemented by FinTech companies, financial institutions and technology companies.

This year, 40 finalists were shortlisted from more than 280 global submissions including the companies who participated in the ASEAN PitchFest6. The winners were selected by a panel of 17 judges who represent a cross-section of international and local experts from the private and public sectors. The entries were evaluated based on four criteria: impact, practicality, interoperability, and uniqueness and creativity.

The panel of judges includes representatives from Accenture Technology, Allianz, AMTD Group, Credit Ease, DBS, Deloitte, GIC, Grammen Foundation India, HSBC, Insignia Venture Partners, Jungle Ventures, Mastercard, The Boston Consulting Group, The Disruptive Group, True Global Ventures, UOB and Vertex Ventures.

ASEAN Open Award Top 3

First Place: LenddoEFL (Philippines)

The company wants to provide people access to powerful financial products without exorbitant costs, quickly and more conveniently by using AI and advanced analytics to bring together digital and behavioural data. This helps lenders serve the underbanked. LenddoEFL has provided credit scoring, verification and insights to 50+ financial institutions, serving over 7 million people.

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MAS.gov.sg | Twelve innovative FinTech solutions recognised at the 2018 FinTech Awards

Singapore, 14 November 2018… The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 12 FinTech companies a total of S$1.2 million at the FinTech Awards, which took place at the third Singapore FinTech Festival.

ASEAN Open Award

1st place – LenddoEFL (Philippines)

2nd place – SQREEM Technologies (Singapore) 

3rd place – Finantix Asia Pacific (Singapore) 

ASEAN SME Award

1st place – FinAccel Teknologi (Indonesia)

2nd place – Katipult (Thailand)

3rd place – MoneyMatch Transfer (Malaysia)

Singapore Founder Award

1st place – CCRManager

2nd place – Cynopsis Solutions

3rd place – Thin Margin

Global Award

1st place – Everspin (South Korea) 

2nd place – Naffa Innovations (India)

3rd place – Keychain (Japan)

Financial Services Veteran, Ray Ferguson, Joins LenddoEFL’s Board

Ferguson’s wealth of experience across banking, insurance and venture capital in Asia makes the appointment a strategic addition for the growing fintech company

LenddoEFL, whose credit score, verification and consumer insights help leading banks across emerging markets make data-driven decisions, is proud to welcome financial services industry veteran, Ray Ferguson, as a new member of its board. Ferguson is co-founder and Managing Partner of Caber Partners, former Regional CEO, SE Asia at Standard Chartered Bank, and currently chairs the boards of digital life insurance company, Singapore Life, and e-money software platform, Youtap. 

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