Ming Pao Finance – 30 November 2021
Read more: https://finance.mingpao.com/fin/instantf/20211130/1638270209798
Wizpresso Wins Prestigious Financial Technology Awards at the 2021 Hong Kong ICT Awards
Hong Kong – Wizpresso, an innovative leader in regulatory technology, is proud to announce its recognition at the 2021 Hong Kong ICT Awards, where it secured the Financial Technology Grand Award for its groundbreaking solution, “Factify.” This recognition highlights Wizpresso’s commitment to enhancing efficiency in the financial sector through advanced AI-driven solutions.
The Hong Kong Banking Association announced the award winners, noting a significant increase in the quality and number of entries, especially in the Regulatory Technology and Risk Management categories. This year saw a threefold increase in submissions, reflecting the growing demand for innovative fintech solutions.
Wizpresso’s “Factify” is an AI-powered legal review software that dramatically reduces the time required for due diligence processes by up to 75%. This innovative tool facilitates the verification of Initial Public Offering (IPO) documents, streamlining the listing process for financial institutions and legal professionals alike.
Calvin Cheng, Founder and CEO of Wizpresso, stated, “We are honored to receive this prestigious award, which underscores our dedication to leveraging technology to solve real-world challenges in the financial industry. Our solution not only enhances operational efficiency but also empowers professionals to focus on strategic decision-making.”
In addition to the Grand Award, Wizpresso also received the Gold Award in the Regulatory Technology and Risk Management category, recognizing its collaboration with LeapXpert, which integrates business applications into communication platforms to enhance compliance and operational workflows.
As the fintech landscape continues to evolve, Wizpresso remains committed to expanding its offerings. The company is exploring further applications for its technology, including regulatory reporting and compliance solutions, positioning itself as a key player in the global fintech ecosystem.
Wizpresso began its journey as part of the Cyberport Incubation Program in 2018 and has since emerged as a leading innovator in the regulatory technology space. With this recent recognition, the company is poised to continue driving advancements in compliance solutions for the financial sector.