The Monetary Authority of Singapore has announced a $1.75mn FinTech innovation competition.
In Brief:
The MAS Global FinTech Innovation Challenge seeks solutions that help financial institutions respond to challenges.
The two challenges in focus are Covid-19 and climate change.
The competition will be hosted on cloud-based platform, the API exchange.
What does this mean?
The competition aims to promote FinTech solutions that will help organisations adapt quickly to a new operating environment, as well as encouraging green finance. MAS says this competition includes both the revamped MAS FinTech Awards and the Global FinTech Accelerator.
