HK01 – 08 December 2021
Read full article: https://www.hk01.com/財經快訊/710104/數碼港初創濃說科技用ai核對ipo文件-節省至少75-時間?utm_source=01webshare&utm_medium=referral
Hong Kong – Wizpresso, a pioneering startup in regulatory technology, has achieved significant recognition for its innovative approach to streamlining the verification of Initial Public Offering (IPO) documents using advanced AI language analysis. The company’s solution has demonstrated the ability to reduce verification time by an impressive 75% to 90%, marking a transformative step for legal and financial professionals.
At the forefront of this innovation, Wizpresso’s flagship product, “Factify,” serves as a comprehensive verification tool specifically designed for bankers and law firms. This solution cross-references IPO documents against various annual reports, significantly expediting the verification process and alleviating the workload for legal and compliance teams.
Calvin Cheng, Founder and CEO of Wizpresso, stated, “Our AI-driven solution is not just about efficiency; it’s about empowering professionals in the IPO market to focus on strategic decision-making rather than getting bogged down in manual verification. We are thrilled to see interest from leading law firms in the U.S. and the U.K., highlighting the global potential of our technology.”
Wizpresso’s commitment to innovation has not gone unnoticed, as the company was recently awarded the Gold Award in both the Financial Technology and RegTech categories at the Hong Kong ICT Awards. This recognition underscores the valuable contributions Wizpresso is making to the fintech landscape, particularly in enhancing compliance processes.
As demand for efficient compliance solutions continues to grow, Wizpresso is poised to expand its applications beyond IPO filings. Future developments may include integrations for annual reports and ESG (Environmental, Social, and Governance) disclosures, further solidifying its position as a leader in regulatory technology.
The company, which joined the Cyberport Incubation Program in 2018, is proud to be part of a vibrant startup ecosystem in Hong Kong that is increasingly recognized for its innovation and resilience, even during challenging times.