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‍Singapore – November 05, 2025 – Tenity, a leading global innovation ecosystem and early-stage VC has successfully concluded the first phase of its inaugural SingHacks 2025 on 2 November. The second phase is set to take place at the Singapore FinTech Festival on 14 November where the finalists are set to compete to determine the winners of Asia's first fintech-focused hackathon for agentic AI.

Supported by Julius Baer, Hedera Foundation, Ancileo x MSIG, and other partners including AMD, Visa, and Groq, the first phase of the 48-hour hackathon kicked off in the evening of 31 October and concluded with a closing ceremony on 2 November. It saw over 270 diverse participants, from students to seasoned professionals, collaborating with industry-leading companies to develop agentic AI solutions and tackle pressing challenges in the financial sector, namely banking, web3, and insurtech.

Strengthening Singapore’s fintech and AI ecosystem

Following the blueprint of SwissHacks, a leading government-driven hackathon in Switzerland, SingHacks extends the mission of catalyzing real-world innovation into Asia. SwissHacks was conceptualised and organised by the Swiss State Secretariat for International Finance (SIF) and powered by Tenity’s Zurich hub. It is also endorsed by the  Global Finance & Technology Network (GFTN), organisers of Singapore Fintech Festival.

With Singapore's ambition to be a leading financial and AI hub, SingHacks ties in with the nation’s ongoing initiatives to accelerate and adopt emerging technologies. These include the Monetary Authority of Singapore’s (MAS) National Artificial Intelligence Programme in Finance, along with IMDA’s (Infocomm Media Development Authority) Global AI Assurance Pilot and AI Singapore’s AI Apprenticeship Programme.

“Singapore’s position as a leading global hub in both finance and AI makes our first-ever SingHacks hackathon a timely one as the world is embracing agentic AI, and we look forward to conducting more hackathons to accelerate innovation and collaboration. SingHacks 2025 was conceptualised with the goal to foster the research and development of enterprise-ready solutions for the financial services sector, to support innovators, financial institutions, and ecosystem partners who were eager to explore agentic AI agents but lacked a low-risk environment to experiment with their prototypes.” — Jonas Thürig, Managing Partner & Head of Tenity Asia

Participants worked together in teams or individually, with the support of expert mentors including AI engineers to fintech veterans  from the various ecosystem partners such as AMD, Visa,and Groq, to develop their solutions for one of the three challenge tracks of their choice:

• RegTech Intelligence Challenge by Julius Baer - Build agentic AI systems that surface compliance risks, flag transactions, and streamline onboarding for banking.
• Empowered Finance Challenge by Hedera Foundation - Build agentic AI systems for payments, identity, and impact to drive trusted, inclusive innovation for blockchain.
• Conversational Insurance Challenge by Ancileo x MSIG - Build agentic AI systems that transform travel insurance into a seamless conversational journey for insurers and insurtechs.

At the end of the 48-hour hackathon, the teams showcased their projects to a distinguished panel of judges on 2 November, which included executives from various partners. After careful deliberation,  10 teams were recognised for their innovative solutions across the three tracks, with the 3rd place winners of each track receiving cash prizes.

Announcing the Finalists

Julius Baer's Challenge

3rd Place (Tied)

3rd Place (Tied)

Finalist

Finalist

Hedera's Challenge

3rd Place

Finalist

Finalist

Ancileo x MSIG's Challenge

3rd Place

Finalist

Finalist

The second phase of the hackathon will see the six finalist teams move on to the Singapore Fintech Festival at the Singapore Expo, and take the Catalyst stage at Hall 3 on Friday 14 November, 1pm SGT for the grand finals. Teams will have the opportunity to showcase their projects to a panel of judges along with a global audience of experts, regulators, investors, and industry peers, with the top two teams being crowned the winners.

"It was a privilege for us to be part of Tenity's successful SingHacks and witnessed first-hand the creativity and fresh perspectives participants brought to the table. The innovations brought about from the hackathon are a testament to how such programs play a crucial role in shaping the future of the financial sector and drive meaningful progress, by empowering emerging talents and leveraging the transformative potential of AI." — Olivier Michel, CEO & Founder,  Ancileo

An ongoing chapter for Tenity and fintech innovation

The success of SingHacks follows Tenity’s ongoing commitment to turn corporate innovation goals into business outcomes , connecting financial institutions with tech startups to collaborate and solve innovation challenges, driving growth and transformation for the entire financial sector. It has since served over 65 corporate clients globally, conducted over 100 corporate innovation programs and facilitated more than 250 corporate and startup collaborations.  

Since the establishment of its Singapore hub in 2020, Tenity has also backed over 40 startups in Southeast Asia through accelerator and co-investment programs. In 2023–2025, Tenity expanded its regional presence through initiatives like the XRPL Accelerator, flagship  Fin/Tech Accelerator, and KB Starters Program in partnership with KB Financial Group(South Korea's largest financial institution), further strengthening its role as a launchpad for early-stage innovation across APAC.

Through its market access offering, Tenity enables companies to identify, assess, and engage with global opportunities efficiently and turn them into growth engines. The solution focuses on  de-risking cross-border discovery and collaboration by providing curated access to global insights, solutions, and partners in fintech and AI.

More information about SingHacks can be found on the official website at https://www.singhacks.com/. Additional assets are available at the link here.  

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About Tenity  

Tenity is a global innovation powerhouse shaping the future of finance and technology. With hubs in Zurich, Singapore, Tallinn, Madrid, London, and Istanbul, Tenity blends venture capital, open innovation and global ecosystem access to create value that compounds.

Through its unique hybrid model, Tenity helps ambitious founders grow, supports corporates in making innovation actionable, and gives investors early access to high-potential deal flow.

Since launch, Tenity has partnered with 65+ leading institutions, supported 1,600+ startups, and runs innovation programs in over 15 countries. Across continents and industries, Tenity connects what’s next and backs those bold enough to build it.

For more information, visit https://www.tenity.com/