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.
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
1st place – Everspin (South Korea)
2nd place – Naffa Innovations (India)
3rd place – Keychain (Japan)
Posted on APAC CIO Outlook website. Refer to this link to read full article.
by Howard Lince III, Director of Enginerring, LenddoEFL
At LenddoEFL, we work at the intersection of big data, machine learning, and financial inclusion in emerging markets. Each of these imply a level of server sophistication that would be cripplingly difficult without Amazon Web Services (AWS). Our mission is to provide one billion people access to powerful financial products at a lower cost, faster and more conveniently. We use AI and advanced analytics to bring together the best sources of digital and behavioral data to help lenders in emerging markets confidently serve underbanked people and small businesses. To date, we have provided credit scoring, verification and insights products to 50+ financial institutions, serving seven million people. We’ve been able to manage all of this with a team of three infrastructure engineers managing 300+ servers. Read full article.