Ming Pao Life – 09 December 2021
Read more: https://life.mingpao.com/general/article?issue=20211209&nodeid=1638987421468
Hong Kong – Wizpresso, a leading innovator in regulatory technology, is proud to announce its recognition as a Grand Award winner at the 2021 Hong Kong ICT Awards (HKICT) in the FinTech category. This prestigious award underscores Wizpresso’s commitment to enhancing financial compliance through cutting-edge technology.
The HKICT Awards ceremony, held at Cyberport, celebrated the achievements of various startups and tech companies, with a remarkable turnout of 28 startups receiving a total of 32 accolades across eight categories. The event highlighted the resilience and growth of Hong Kong’s tech landscape, especially during these challenging times.
Calvin Cheng, Founder and CEO of Wizpresso, expressed his gratitude, stating, “We are honored to receive this recognition among such esteemed peers in the industry. This award is a testament to our team’s dedication to innovation and our mission to simplify and enhance the regulatory processes for financial institutions.”
The impact of the COVID-19 pandemic has accelerated the need for digital transformation in the financial sector, making solutions like Wizpresso’s more relevant than ever. The company’s flagship product, Factify, utilizes advanced AI and Natural Language Processing (NLP) to streamline the verification of complex financial documents, significantly reducing the time and effort required by legal and compliance teams.
During the celebration event, Cyberport CEO, Peter Yan, remarked on the positive outlook for Hong Kong’s tech ecosystem, stating, “The development of innovative technology has not only continued but has gained even greater importance during the pandemic. I anticipate that we will see more local unicorns emerging and going public in the near future.”
Wizpresso’s success in the HKICT Awards is a reflection of the growing momentum in Hong Kong’s startup scene, which is increasingly being recognized on the global stage. The company is excited to continue its journey of innovation and contribute to Hong Kong’s vision of becoming a leading international innovation and technology hub.