Flagright is proud to announce our selection as one of the 19 esteemed finalists in the "Artificial Intelligence (AI) in Finance Global Challenge" under the 2023 Global FinTech Hackcelerator. Organized by the Monetary Authority of Singapore (MAS) and supported by Oliver Wyman, this challenge saw innovative solutions from around the world, including Flagright's groundbreaking Generative AI applications in AML compliance.

From over 160 global submissions, 12 finalists were chosen through the Local Programme, with Flagright being one of the standout participants. The International Partner Programme brought in seven additional finalists from various AI-related competitions organized by international partners.

As finalists, Flagright will embark on a 10-week programme facilitated by Oliver Wyman. This journey will provide us with the opportunity to:

  • Collaborate with industry experts and refine our AI-driven compliance solutions.
  • Engage in sessions to enhance our business strategy.
  • Network with a global community of potential collaborators, customers, and partners.
  • Present our innovations at the Global FinTech Hackcelerator Demo Day during the Singapore FinTech Festival on 15 November 2023.

All finalists, including Flagright, will be awarded a S$20,000 cash stipend and a dedicated kiosk at the Singapore FinTech Festival to showcase their solutions. The top three winners will be granted S$50,000 in prize money, with an opportunity to apply for the exclusive AISG Start Up grant for additional funding.

Mr Sopnendu Mohanty, Chief FinTech Officer at MAS, highlighted the industry's dedication to developing advanced AI solutions. Flagright is honored to be recognized among such innovative companies and is eager to showcase our commitment to "Trust Every Transaction" through our state-of-the-art AI solutions.

Join us at the Singapore FinTech Festival, Booth 3J17, on the main aisle of Hall 3, as we present our cutting-edge solutions and vie for the top spot in this prestigious competition.

For more details on the challenge and the full list of finalists, please refer to the official MAS press release.