Wizpresso Triumphs at 2021 EPiC Elevator Pitch Competition, Showcasing Fintech Innovation
Hong Kong Economic Journal – 22 November 2021
Hong Kong – Wizpresso, a pioneering fintech startup, has emerged victorious in the 2021 Elevator Pitch Competition (EPiC), held on November 5 at the iconic Sky100, Hong Kong. Competing against over 600 teams from 40 countries, Wizpresso secured the top spot in the Financial Technology category, further solidifying its position as a leader in regulatory technology.
This year’s EPiC featured a unique hybrid format that allowed participants to present their innovative ideas through a 60-second elevator pitch, followed by a three-minute live demonstration for the final contenders. Wizpresso’s Founder and CEO, Calvin Cheng, effectively articulated the company’s mission to optimize the due diligence process for financial institutions using advanced artificial intelligence and natural language processing technologies.
“Winning this prestigious competition is a testament to Wizpresso’s commitment to innovation and excellence in the fintech sector,” said Cheng. “Our solutions are designed to streamline the due diligence process, significantly reducing the verification time for investment documents, which is a game changer for legal and banking professionals.”
Wizpresso’s flagship product, “Factify,” automates the verification of IPO documents, allowing legal professionals to cut down their review time by up to 75%. This not only enhances efficiency but also empowers teams to focus on higher-value tasks. With the support of a vast database of over 50 million public documents, Wizpresso’s AI systems deliver precise and actionable insights, setting a new standard in the industry.
The recognition from EPiC is particularly significant as it aligns with the growing demand for innovative solutions in Hong Kong’s dynamic fintech landscape. As Hong Kong continues to establish itself as a global financial hub, the role of technology in enhancing operational efficiency is becoming increasingly vital.
Cheng expressed gratitude for the opportunity to participate in EPiC, highlighting the importance of connecting with investors and industry leaders. “This platform not only allows us to showcase our technology but also facilitates meaningful exchanges that can drive future collaborations and growth,” he added.
As Wizpresso looks ahead, the company is focused on expanding its market presence both locally and internationally. With ongoing plans to enhance its product offerings and engage in global partnerships, Wizpresso aims to continue its trajectory of growth and innovation in the fintech space.