IFTA FinTech Achievement Awards 2019 Now Opens for Applications

    Media OutReach Jumat, 03 Januari 2020 11:02 WIB

    Recognising Excellence in the FinTech Industry

    HONG KONG, CHINA - Media OutReach - 3 January 2020 - The IFTA Fintech Achievement Awards 2019 (the "Awards") is now open for applications. Organised by the Institute of Financial Technologists of Asia ("IFTA"), the Awards recognises achievements worldwide in FinTech innovation, education, R&D, and its applications through its 26 corporate and 4 individual award categories.

     

    Established in September 2017, the IFTA is a Hong Kong-based non-profit organisation aiming to promote professional standards within Asia's FinTech industry, to facilitate its education, and to nurture new talents. For two consecutive years, the Awards recognises companies that have contributed to this emerging industry, facilitating the development of FinTech in Hong Kong.

     

    Themed "Transforming FinTech Communities with Competence, Character, and Care", the Awards recognises talents and corporates in their pursuit of innovative solutions that meet both business and social needs. Apart from being able to demonstrate their competence in the respective judging criteria, the awardees should also uphold a high standard of ethics and professionalism, and are committed to continuous improvement.

     

    The Awards serves as a baseline within the FinTech industry, encourages corporate and professional development, thus facilitating the sustainable development of the FinTech community.

     

    "The IFTA FinTech Achievement Awards aims to recognise companies, NGOs, start-ups, and individuals who have contributed to the FinTech industry." IFTA Founder and Chairman Mr Paul Pong said, "Through the Awards, we hope to facilitate the exchange of FinTech companies across the globe, laying a solid foundation for local products to 'Go Out'."

     

    IFTA Head Juror Dr Charleston Sin added, "There are two major stakeholders in the FinTech industry: corporates and start-ups, both needing information on industry trends. As challenges faced by practitioners vary across the fields, the Awards offers an excellent opportunity for information sharing and exchange, encouraging the industry to solve the problems together."

     

    Corporate Achievements in FinTech (for corporates, NGOs, and start-ups)

     

    1.        

    Accounting Tech

    Incorporating or developing its proprietary technology into accounting services

    2.        

    Advisory Tech

    Using algorithm-driven technology to deliver automated decisions on investment opportunities

    3.        

    Algo-Trading

    Using programmed software to identify and place trades to generate profits efficiently and effectively

    4.        

    Artificial Intelligence

    Applying simulation of intelligence processes that perceives and takes actions itself based on its environment

    5.        

    Blockchain-based Transformation

    Using technology to assist with digital currency access, trade, exchange, and storage; or to provide blockchain or distributed ledger services

    6.        

    Cloud Computing

    Using a delivery mode of computing services to offer faster innovation, flexible resources, and economies of scale

    7.        

    Crowdfunding

    Using technology to access and raise funds for investment opportunities via the internet

    8.        

    Cybersecurity

    Using programmed software to protect operating systems and data from potential cyber-attacks

    9.        

    Big Data Analytics

     

    Using technology to analyse extensive raw data collected from different parties for insights and trends

    10.     

    Data Privacy

    Using technology to ensure private data of stakeholders are protected without violation of rights or exposure to commercial entities

    11.     

    Digital Banking

    Using electronic payment systems that enable end-users to transact payment without physically attending bank branches

    12.     

    Digital Ethics

    Displaying ethical behaviour that has contributed to the promotion of social justice in digital communities

    13.     

    Financial Planning Tech

    Incorporating or developing own proprietary technology to deliver mortgage broking, stockbroking, and other financial planning services

    14.     

    HR Tech

    Using technology to manage employee data for compensation and payroll, performance management, and recruitment

    15.     

    Innovative Tech

    Demonstrating a creative aspect utilising new ideas, methods, alterations and unique changes from existing FinTech systems

    16.     

    InsurTech

    Using technology to assist the insurance claims process, and enhance policyholder experience

    17.     

    Internet of Things (IoT)

    Using IoT systems for creative use on FinTech products/services

    18.     

    Investor Tech

    Using technology to assist with the provision of capital and financial support

    19.     

    Legal Tech

    Using technology to provide legal services transforming time-booking services or legal research etc

    20.     

    Lending Tech

    Using technology to assist with accessing capital, mortgage, personal, and other loan products

    21.     

    Payment Tech

    Using technology to assist with payment, funds disbursement, money transfers, payroll, or other payment services

    22.     

    PropTech

    Using technology for the real estate space, spanning across software, hardware, materials, or manufacturing

    23.     

    Reg-Tech

    Using technology to assist with meeting regulatory compliance obligations

    24.     

    Robotic Process Automation (RPA)

    Using "robots" to emulate and integrate the actions of a human interacting within digital systems to execute a business process

    25.     

    e-Provident Fund

    Using electronic infrastructure and processes to standardise, streamline and automate MPF scheme administration

    26.     

    5G

    Using 5G technology to increase speed, reduce latency, and improve the flexibility of wireless services

    Outstanding Financial Technologists of the Year (for individuals)

     

    Open for Applications

     

    1.        

    Entrepreneur of the Year

    Recognising founders or start-ups for their track record of business growth, finance and/or technology innovation, and community engagement.

    2.        

    Leader of the Year

    Recognising leaders, managerial grades or above, with outstanding achievement who has made significant contributions to the finance and/or technology industry

    3.        

    Future Star of the Year

    Recognising young professionals, on or below 35, with outstanding achievement who has made significant contributions to the finance and/or technology industry

     

    The Prestige Award (by appointment only)

     

    4.        

    Iconic Star

    Recognising professionals who have devoted their lifetime, creating extraordinary impacts on the FinTech environment with success stories to share.

    The Jury Panel (arranged in alphabetical order of surnames)

    Head Juror

    Dr Charleston SIN

    Executive Director, MIT Hong Kong Innovation Node

    Jurors

    Mr Emil CHAN

    Chairman, The Association of Cloud and Mobile Computing Professionals

    Ir Eric CHAN

    Chief Public Mission Officer, Hong Kong Cyberport Management Company Limited

    Dr Henry CHAN

    Associate Professor and Associate Head, The Department of Computing, The Hong Kong Polytechnic University

    Mr Raymond CHAN

    Managing Director, 9F International Holdings

    Mr Rogers CHAN

    Managing Partner, Impact Invest

    Dr Terence CHAN

    Chairman, Howah Technology Venture Limited

    Dr Toa CHARM

    Associate Professor, Business School, The Chinese University of Hong Kong

    Dr Dorothy CHAU

    Director of Hong Kong, Macao & Cross-border Financial Affairs, Tencent

    Mr Jason CHIU

    Chairman, Hong Kong Startup Council

    Ms Ashley KHOO

    Immediate Past President, The Hong Kong Society of Financial Analysts

    Mr Dicky LO

    Managing Partner, Impact Invest

    Mr Johnson NG

    Senior Service Promotion Manager, Hong Kong Trade Development Council

    Mr Steve WONG

    Senior Manager, ICT Cluster, Hong Kong Science and Technology Parks Corporation

     

    For more information on the IFTA FinTech Achievement Awards 2019, please visit iftaawards.org

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