MAS awards prizes for fintech innovation

MAS launches first fintech festival, celebrating new firms’ solutions

The Monetary Authority of Singapore (MAS) has awarded three financial technology (fintech) firms S$50,000 ($35,325) each for technology solutions they presented during Singapore's first fintech festival.

The "Global FinTech Hackcelerator" saw 19 finalists present technology solutions to problems submitted by the financial industry, with FitSense, Aida Technologies and Beacon Interface winning the contest.

"We are happy that the programme provided a platform for fintech companies and start-ups

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