RegulAItion Wins MAS 2020 Global Fintech Accelerator
- 11.12.2020 07:16 pm
Data platform company, RegulAItion has won the Monetary Authority of Singapore (MAS) 2020 Global Fintech Hackcelerator.
Competing against over 270 submissions from across more than 40 countries, the RegulAItion team impressed the judges in the Global Fintech Programme by developing an innovative market-ready solution that is to be rolled out in the Singapore financial market in 2021.
To secure the win, RegulAItion successfully demonstrated how its ground-breaking AIR platform can enable the financial sector to respond to two of its most pressing global challenges today - COVID-19 and climate change.
The AIR platform blends privacy enhancing techniques, blockchain and AI in order to transform the way in which regulated organisations across the globe share data.
RegulAItion’s 2020 Global Fintech Hackcelerator team was led by its CTO, Paul Lee-Simion. He is renowned across the industry for generating billion dollar revenue streams for banks and insurance companies and his work has dominated financial markets for 30 years.
Other members of the team include Hirsh Pithadia, Head of R&D, who previously developed a blockchain system for data sharing in the context of the Bank of England and FCA’s famous Digital Regulatory Reporting initiative.
“We are absolutely honoured to have won this prestigious award. The MAS Global Fintech accelerator is the Oscars of financial services,” commented RegulAItion CEO, Sally Sfeir-Tait. “This win is a real testament to the progress we have made in disrupting the world of regulated data. It marks the beginning of our journey in the Asia financial and regulatory markets and we’ll have some more exciting news to share in 2021.”
In winning the 2020 Global Fintech Hackcelerator, RegulAItion receives a total of £39,500 in prize money and its application to receive grant funding under the MAS Financial Sector Technology and Innovation (FSTI) Proof-of-Concept Scheme is now set to be fast tracked.