Wizpresso Honored with Prestigious FinTech Awards for Innovative Solutions in Regulatory Technology
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Hong Kong – Wizpresso, a leader in financial technology innovation, is thrilled to announce its recent accolades at the Hong Kong ICT Awards 2021, where it was awarded both the Grand Award and Gold Award in the Regulatory Technology and Risk Management category. These honors recognize Wizpresso’s groundbreaking integrated verification tool, Factify, which is set to revolutionize the due diligence process in capital markets.
The Hong Kong ICT Awards have long been a prestigious platform for showcasing excellence in the information and communications technology sector. The recognition received by Wizpresso highlights the critical role that innovative FinTech solutions play in enhancing operational efficiency and improving customer experience in the financial industry.
Calvin Cheng, Founder and CEO of Wizpresso, stated, “We are honored to receive such prestigious awards, which validate our commitment to leveraging advanced technology to address the significant pain points faced by financial professionals. Factify not only streamlines the verification process for IPO documents but also enhances accuracy and efficiency, saving valuable time for bankers, legal practitioners, and regulators.”
Factify utilizes cutting-edge artificial intelligence (AI) and natural language processing (NLP) technologies to automate the verification of extensive IPO documents. The platform can analyze a 600-page prospectus, providing verification recommendations in a fraction of the time it typically takes through manual processes. “Our technology can reduce verification time by as much as 75%, allowing professionals to focus on higher-value tasks,” Cheng explained.
The awards underscore the growing importance of regulatory technology in today’s fast-evolving financial landscape. As the demand for efficient and compliant solutions increases, Wizpresso remains committed to developing tools that not only meet regulatory standards but also drive innovation within the industry.
Dr. Toa Charm, Chief Judge of the FinTech Award, noted the remarkable quality and variety of submissions this year, emphasizing that the recognition of Wizpresso’s Factify tool is a testament to the innovation and agility of Hong Kong’s corporate leaders and entrepreneurs.
As part of its ongoing mission, Wizpresso aims to expand its influence beyond local markets. With the support of initiatives like the Hong Kong Trade Development Council’s “Start-up Express” program, Wizpresso is poised to take its solutions to international markets, fostering global partnerships and promoting the advancement of FinTech in capital markets.
Cheng concluded, “Winning these awards is just the beginning. We are dedicated to continuously enhancing our offerings to ensure that our clients benefit from the most effective and efficient solutions available. Our team, composed of 75% data scientists and software engineers, is passionate about driving meaningful change in the financial sector.”
About Wizpresso
Wizpresso is at the forefront of FinTech innovation, dedicated to transforming capital markets through advanced AI solutions. By enhancing the efficiency and accuracy of the due diligence process, Wizpresso empowers financial institutions and startups to navigate the complexities of the capital market with confidence.
