- RegulAItion selected as a winner in the 2020 Global Fintech Hackcelerator by Monetary Authority of Singapore (MAS)
- It successfully demonstrated how its ground-breaking AIR platform can enable the Asia financial and regulatory markets to better respond to COVID-19 and climate change
- Participation underlines the status of RegulAItion as a UK-based technology innovator shaping the global regulatory market
Thursday 10th December 2020, London: Data platform company, RegulAItion has won the Monetary Authority of Singapore (MAS) 2020 Global Fintech Hackcelerator.
Competing against over 600 submissions from across more than 50 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.
RegulAItion is a data platform company developing the tools and technology infrastructure for scalable, automated, repeatable and responsible AI-driven data-access and business intelligence for regulators and the regulated industries. RegulAItion, a UCL incubated company, founded in 2018, designs and develops responsible artificial intelligence, tools and blockchain technologies to enable government, business and consumer digital interconnection.