The most sought after competition for exciting and innovative start-ups looking to address problem statements collated from the financial industry. The Global FinTech Hackcelerator seeks to create impactful, market-ready FinTech solutions that solve real industry needs in three focus areas:
(i) Financial Inclusion,
(ii) Insurance and
(iii) Banking and Finance and a general category.

Twenty global finalist teams were shortlisted to receive cash stipends of S$20,000, mentorship by industry experts, access to potential clients and investors, and an opportunity to win cash prizes totalling S$150,000. The finalists will also be fast-tracked in their application to receive grant funding under the MAS Financial Sector Technology and Innovation (FSTI) Proof-of-Concept Scheme.

Local Programme

MAS published 70 problem statements gathered from the financial industry and invited innovative start-ups from around the world to submit their market-ready solutions to these problem statements. Similar to the previous three editions of the Global FinTech Hackcelerator, these finalists went through a 12-week virtual programme and were assigned corporate champions and industry mentors to develop and refine their market-ready solutions into contextualised prototypes ready for Demo Day at SFF x SWITCH.

International Programme

In addition to the Local Programme, a new component of the FinTech scouting process in 2019 is the International Programme. To increase the diversity of FinTech solutions in the programme, and deepen the outreach to the global FinTech community, the International Programme selects two winners from FinTech competitions in Abu Dhabi, Kenya, South Africa, United Kingdom and United States of America.