TurnKey Lender Won MAS Fintech Awards 2016 in Singapore

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The Monetary Authority of Singapore and the Association of Banks in Singapore have awarded 10 fintech companies a total of more than one million Singapore dollars at the fintech awards. TurnKey Lender was honored to receive this prestigious award as well.

Organized as part of the Singapore FinTech Festival, the «FinTech Awards» recognize innovative fintech solutions that have been implemented by fintech start-ups, financial institutions, and technology companies.

The fintech awards received over 200 global submissions, with the bulk coming from the Asia Pacific, and the list was narrowed to 40 finalists.

In Total 200 Submissions, the winners awarded with a total sum of S$1,15 million were selected by a panel of judges, representing a cross-section of international and local experts from the private and public sector. The entries were evaluated based on criteria such as impact, practicality, interoperability, and uniqueness and creativity.

Here are all winners:

 

All Winners 500 Ravi Menon, Managing Director, MAS, presented prizes to the winners of the «Global FinTech Hackcelerator», which was earlier held on Tuesday. The top three teams each won a cash prize of S$50,000.

Sopnendu Mohanty, Chief Fintech Officer of MAS, said: »The MAS FinTech Awards celebrate the spirit of innovation and creativity within Singapore’s financial sector. We were impressed by the technical quality and breadth of the solutions, many of which span multiple business areas.»

«We look forward to seeing how these solutions can redefine and improve the way we experience financial services,» Ong-Ang Ai Boon, ABS Director, said.

«The generation and incubation of new ideas and solutions for the industry play an important role in strengthening strategic competitiveness in this digital age. ABS hopes for sustained collaborative efforts within the industry, as Singapore strives towards innovation and excellence as an international financial hub,» Ong-Ang Ai Boon added.

 

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