Monetary Authority Of Singapore Announces Finalists For The 2025 Global FinTech Hackcelerator And FinTech Excellence Awards

The Monetary Authority of Singapore (MAS) announced today the 42 finalists for the 2025 Global FinTech Hackcelerator and the Singapore FinTech Festival (SFF) FinTech Excellence Awards. The winners will be revealed at the SFF FinTech Excellence Awards 2025 dinner on 13 November 2025.

Global FinTech Hackcelerator 2025

2  This year’s Global FinTech Hackcelerator, organised by MAS and in partnership with Global Finance Technology Network (GFTN)[1], focuses on the theme “Artificial Intelligence (AI) for Financial Services”. The competition seeks to harness the transformative potential of AI for the financial services sector. The 18 finalists submitted proposals with innovative and market-ready AI solutions designed to tackle real-world challenges and deliver tangible benefits to financial institutions and their clients.

3  The finalists will undergo a four-day programme, during which they will be assigned mentors, and have opportunities to collaborate and network with corporates, investors and industry professionals to further refine their solutions and pitch.

4  The finalists will pitch their solutions at the Global FinTech Hackcelerator Demo Day at SFF on 12 November 2025. The top three winners will each receive S$80,000 in prize money. Following the competition, each Corporate Champion[2] may select one finalist to conduct a pilot with, subject to their interest and agreement. This year's competition introduces a new component featuring five Investment Partners[3] from venture capital firms who have committed approximately S$2.5 million in total for potential investments to the finalists, subject to due diligence.

SFF FinTech Excellence Awards 2025

5  The Awards, jointly organised with the Singapore FinTech Association (SFA) and supported by PwC Singapore, seek to recognise innovative FinTech solutions by corporates and individuals that have been instrumental in transforming FinTech industry practices and spearheading the use of novel technologies in creating new growth opportunities, promoting financial inclusion and enhancing the delivery of financial services.

6  Five Corporate Awards and an individual FinTech Mentor Award will be presented. This year’s thematic corporate category is centred on AI.

7  155 submissions were received across the six award categories.

• For the five Corporate categories[4], 130 submissions were received, of which four finalists were shortlisted for each category.
• For the Individual category, the FinTech Mentor Award, 20 submissions were received, of which four finalists were shortlisted.

‘FinTech Gives Back’ Initiative

8  For the third year running, the ‘FinTech Gives Back’ initiative saw nine members of the FinTech community contributing generously to support the Awards[5], demonstrating their commitment to nurturing the next generation of FinTechs and rewarding innovation. These include Ripple, Visa, HeyMax, Aspire, Experian, Lexis Nexis, Sumsub, Syfe, and YouTrip.

9  Mr Kenneth Gay, Chief FinTech Officer, MAS, said, “We are pleased to announce all the finalists selected today. Your groundbreaking AI solutions demonstrate the transformative potential of technology in financial services, and reinforce our commitment to building a more efficient and accessible financial ecosystem. We are also encouraged by the continued enthusiasm for the 'FinTech Gives Back' initiative, which reflects our community's dedication to fostering innovation and supporting the next generation of FinTech leaders.”

10  Ms Holly Fang, President, SFA, said, “Congratulations to all the SFF Awards finalists. These exceptional innovators reflect Singapore’s thriving FinTech talent pool and exemplify the forward-thinking spirit that is driving our FinTech ecosystem. We are encouraged by the growing momentum behind the ‘FinTech Gives Back’ initiative, which underscores the vital role our community leaders play in nurturing the next generation of FinTech talent. SFA remains dedicated to championing bold ideas and fostering a collaborative environment to continue building a future-ready FinTech landscape that positions Singapore as a global hub for innovation.”

11  Ms Wong Wanyi, FinTech Leader, PwC Singapore, said, “Celebrating a decade of innovation and excellence, PwC Singapore is proud to support the 10th Anniversary of the SFF FinTech Excellence Awards, honouring the pioneers who are reshaping the financial landscape, transforming challenges into opportunities, and empowering a future driven by technology."

12  Please refer to Annex A for more information on the Global FinTech Hackcelerator. Please refer to Annex B for more details on the SFF FinTech Excellence Awards.

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[1] GFTN is a not-for-profit entity set up by MAS to connect people and businesses, ideas and insights in the FinTech sector in Singapore and globally.

[2] The Corporate Champions, BNP Paribas, MasterCard, and Prudential AI Lab, are industry partners that have each contributed a problem statement for participants to address.

[3] The Investment Partners are 1982 Ventures, FinTech Nation, Monk’s Hill Ventures, Openspace Capital, and KBTG.

[4] The Corporate categories are: Emerging FinTech, Financial Inclusivity, Regulatory Leader, Sustainable Innovator, and Thematic – Artificial Intelligence.

[5] Ripple, Sumsub, Syfe, and YouTrip have generously returned as repeat sponsors this year.