2018 Global FinTech Hackcelerator winners announced at Singapore FinTech Festival
Singapore, 13 November 2018 - The Monetary Authority of Singapore (MAS) today announced the three winners of the Global FinTech Hackcelerator, selected from 20 finalists1 that presented their innovative solutions at Demo Day, as part of the third Singapore FinTech Festival. The Global FinTech Hackcelerator was supported by KPMG Digital Village.[1][2]
The winners are (in no order of merit):
BetterTradeOff Pte. Ltd.: BetterTradeOff’s one-of-a-kind holistic life-planning solution, ‘Aardviser,’ uses advanced statistical models and AI to empower people to make optimum decisions when financing their dreams. This flexible, modular, white-label solution can efficiently and quickly capture a client’s [new prospect or existing client] financial situation, digitizing the traditional data capture with financial advisors, reducing time taken to a matter of minutes. It can dynamically adjust the financial plan of the client via investment products based on financial ambition such as supporting children’s education, purchase of property and readjust after life triggers such as loss of income. This tool immediately engages the client in relevant and exciting life solutions based on the partnering company’s suite of products.
Billon Group Ltd: Billon’s technology encodes national (i.e., fiat, not crypto) currencies via blockchain to allow for zero cost payment transactions. The system is composed of blockchain nodes, where each node is essentially an application installed on an end-user device (smartphone, tablet, computer, server) and each new user brings its own device (typically a smartphone), which adds processing power to the system as a whole. Transactions are processed directly between the nodes, without any central system being involved. Currency thanks to blockchain gets transferred peer to peer
