Forbes – 03 May 2021
Read more: https://www.forbes.com/sites/hongkong/2021/05/03/taking-the-law-online/?sh=5ac9b16438f7
Wizpresso Enhances Legal Services with AI-Driven Innovations Amidst Hong Kong’s LawTech Evolution
Hong Kong – Wizpresso, a leading regulatory technology (RegTech) startup, is at the forefront of revolutionizing the legal landscape in Hong Kong through its innovative AI-driven solutions. As the city strengthens its position as a premier legal hub in the Asia-Pacific region, Wizpresso is committed to enhancing the efficiency and effectiveness of legal processes, particularly in the realm of initial public offerings (IPOs).
Recognizing the challenges faced by legal professionals in managing extensive documentation, Wizpresso has developed “Factify,” an integrated verification tool designed to streamline the handling of IPO documents. This advanced platform utilizes artificial intelligence to automate research and improve business processes, enabling lawyers to significantly reduce the time spent on due diligence tasks.
Calvin Cheng, CEO of Wizpresso, emphasizes the importance of technology in transforming legal services. “Our mission is to empower legal professionals with tools that not only enhance productivity but also ensure accuracy in critical processes such as IPO verifications,” Cheng stated. “With the support of initiatives like the Hong Kong Cyberport Management Company, we’ve been able to scale our solutions and connect with major enterprises, further driving innovation in the legal sector.”
The Hong Kong government’s commitment to LawTech development, including the establishment of an online dispute resolution platform, aligns perfectly with Wizpresso’s vision. Cheng notes, “As the demand for efficient, secure, and cost-effective legal services grows, our platform is uniquely positioned to meet these needs, particularly in light of the increasing complexities introduced by global challenges.”
In addition to its flagship product, Wizpresso is actively participating in the growing ecosystem of legal technology in Hong Kong, contributing to initiatives that support innovation and collaboration across sectors. The company’s involvement in programs that connect startups with larger enterprises is a testament to its commitment to fostering a vibrant legal tech landscape.
As the Guangdong-Hong Kong-Macao Greater Bay Area develops, Wizpresso is poised to play a critical role in enhancing Hong Kong’s reputation as a legal services hub. The company is excited about the opportunities this presents for further innovation and collaboration in the region.
About Wizpresso
Wizpresso is a pioneering fintech company dedicated to transforming the legal and regulatory landscape through AI-powered solutions. By improving and automating processes for financial institutions and law firms, Wizpresso is redefining the future of legal services in Hong Kong and beyond.
