Hong Kong – Hong Kong FinTech Week 2022 breaks boundaries and ushers in new era of finance (with photos)

Hong Kong FinTech Week 2022 breaks boundaries and ushers in new era of finance (with photos)

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     Hong Kong FinTech Week (HKFW) 2022 concluded on November 4, wrapping up a landmark five-day event for Hong Kong fintech amid an eventful week for the city as it steps back on the world stage.


 


     The entire week attracted a record high of over 30,000 visitors and over 5 million views online from over 95 economies, featured over 500 distinguished speakers and over 600 sponsors and exhibitors, and attracted more than 30 international delegations.


 


     The main conference saw a full cast of global financial and technology leaders with many returning in person to the city for the first time since 2019, as well as significant announcements made during the event, reinforcing Hong Kong’s continued position as a leading fintech hub of Asia.


 


     Under the theme “Pushing Boundaries, Reaping Benefits”, this year’s conference explored the future development of fintech through four key sub themes – global fintech outlook, fintech in Mainland China and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the implementation of emerging technologies, and digital assets.


 


     The HKFW was led by the Financial Services and the Treasury Bureau and Invest Hong Kong (InvestHK). It was co-organised by the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC) and the Insurance Authority.


 


     The Financial Secretary, Mr Paul Chan, said, “Only five years ago, we counted no more than 180 fintech companies. Today, we are home to more than 800 fintech enterprises, large, small and start-ups. That impressive growth has been powered by Hong Kong’s open market, a rigorous regulatory regime, the rule of law, sophisticated infrastructure and the free flow of capital and information.” 


 


     Mr Chan added, “As an international financial centre, Hong Kong is open and inclusive towards the global community of innovators engaging in virtual asset businesses. The Government, in conjunction with the financial regulators, is working towards providing a facilitating environment for promoting sustainable and responsible development of the virtual asset sector in Hong Kong.”  


 


New Policies for a New Era


 


     On October 31 , the Financial Services and the Treasury bureau issued a policy statement to foster the sustainable development of virtual assets in Hong Kong, while maintaining caution in regard to the risks to investors.


 


     The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “We recognise the potential of distributed ledger technology and Web3 to become the future of finance and commerce, and, under proper regulation, they are expected to enhance efficiency and transparency. The Government is prepared to embrace this future, and we welcome the clustering of the fintech and virtual asset community and talents in Hong Kong, and we will promote the sustainable development of financial services across the whole virtual asset value chain.” 


  


     Among the key topics covered under the policy statement is regulation, in which the SFC will conduct a public consultation on how retail investors may be given a suitable degree of access to virtual assets, as well as Hong Kong being open to the possibility of having exchange traded funds (ETFs) on virtual assets. Meanwhile, the HKMA will also announce the outcome of its consultation and next steps into a regulatory regime for stablecoins in due course.


 


     Hong Kong is one of the pilot cities for China’s central bank digital currency (CBDC), also known as eCNY. During his presentation, the Governor of the People’s Bank of China, Mr Yi Gang, expressed the important role of eCNY in China’s economy and society, while emphasising that striking a balance between privacy protections and combating illicit activity is at the top of their agenda.


 


     “The People’s Bank of China ensures personal information security through the banks’ technology and strict management with full adherence to consumer privacy protection laws and regulations,” he said.


 


Hong Kong’s Role in Unlocking GBA Opportunities and Financial Inclusion in Asia  


 


     The unique position of Hong Kong was a major theme, particularly the role the city can play in driving financial inclusion across Asia as well as the opportunity to capitalise upon the rapid development of the GBA economic zone.  


 


     The President and Chair of the Asian Infrastructure Investment Bank, Mr Jin Liqun, also talked about the major role Hong Kong can play in driving financial inclusion across Asia. “Hong Kong’s deep pool of talent and capital are critical in promoting regional economic development and financial stability. And its membership in the Asian Infrastructure Investment Bank is a big plus in the institution’s goal of lifting people out of poverty and into prosperity,” he said.


 


     He noted that Asia’s incredible diversity means there is no magic bullet for achieving financial inclusion across the region and called for both public capital and private capital to work together to leverage their respective strengths.


 


     In his opening keynote address, the Secretary of Commerce and Economic Development, Mr Algernon Yau, said that now is the perfect time to discover how Hong Kong can add value to fintech businesses through its proximity to the GBA.


 


     “Hong Kong is one of the most competitive economies in the world, serving also as an important gateway connecting the Mainland with global markets. We have our own overriding advantages and enjoy abundant opportunities under our country’s 14th Five-Year Plan, the GBA development and the Belt and Road Initiative. At the same time, Hong Kong continues to do well in different areas and is ranked as the world’s freest economy in the Economic Freedom of the World 2022 Annual Report by the Fraser Institute, in which Hong Kong has gained the top rank since the inception of the report in 1996,” he said.


 


     The CEO of the Hong Kong Exchanges and Clearing Limited, Mr Nicolas Aguzin, also remarked in his speech that the GBA is one of the most exciting economic development zones in the world. “The GBA has absolutely all the right conditions to be a sandbox for what I call the Big Bang of finance,” he said. “It’s like having Silicon Valley and Wall Street all in one place. This is very unique.”


 


     Meanwhile, co-CEO and Executive Director of Ping An Group Ms Jessica Tan stated that the GBA’s benefits for fintech companies include a robust market and a large number of talented individuals.


 


Driving Innovation and Technology to Support Fintech Growth


 


     Major advancements in core technologies such as artificial intelligence and Web3 are important elements in supporting fintech development in Hong Kong. The Secretary for Innovation, Technology and Industry, Professor Sun Dong, remarked on the significant progress that has been made by Hong Kong’s two flagship innovation and technology (I&T) organisations.


 


     “All these new initiatives will inject strong impetus to our I&T development, including the vibrant growth of the fintech cluster. Hong Kong is poised to scale new heights in fintech innovation,” he said.



Hong Kong in the Right Place, Right Time to Capitalise on Web3



     To demonstrate the ethos of embracing emerging technologies, this year’s event adopted Web3 and the metaverse as a key focus. Organisers issued limited edition non-fungible tokens (NFTs) for the first time to further engage participants. With 3D scanning devices at the event, token holders were able to create their own augmented reality avatar ready for the metaverse, providing a new experience for the guests.


 


     The Chief Executive Officer of New World Development, Mr Adrian Cheng, suggested that Hong Kong has a lot to offer in terms of virtual assets, cryptocurrency and blockchain.


 


     “With our unique position in the GBA, Hong Kong will dominate regional development of cross-boundary blockchain infrastructure and blockchain ecosystems. Hong Kong is also at its best in guiding companies to navigate blockchain opportunities across Mainland China,” Mr Cheng said.


 


     Co-founder and Executive Chairman of Animoca Brands Mr Yat Siu  also emphasised that Hong Kong has an advantage in adopting Web3 technologies. “Speed is one of Hong Kong’s special sauces, and technology adoption is rapid. Four years ago, most people in Hong Kong didn’t even know what NFTs were. Now we have the Hong Kong Government issuing NFTs. It shows there is a real love for this new type of stuff here, and the potential to drive the region,” he said.



Supporting Next-Generation Talent


 


     Talent was another hot theme during the conference, with many industry leaders recognising the importance of cultivating talent to usher in a new era of fintech as well as the vast opportunities the GBA can present for young people.


 


     The Senior Director of Ant Group, Mr Jason Pau, announced a strategic partnership with InvestHK on a global fintech training platform, 10×1000 Tech for Inclusion, to enhance talent development, improve diversity and promote the digital economy in Hong Kong.


 


     The Director of the Shenzhen Financial Regulatory Authority, Mr He Jie, spoke on how Shenzhen is also supporting talent development in the GBA. “I think that talent cultivation will become a key point in the GBA as talent cultivation becomes a key point in fintech development. Already we have licensed more than 1,000 students for our Shenzhen-Hongkong-Macau FinTech Professional Programme,” he said.


 


Global Fast Track 2022 Programme Winners


 


     Early this year, InvestHK launched Global Fast Track 2022 to help fintech companies leverage the unique advantages of Hong Kong to scale across Asia. The programme received over 400 applications from 45 economies and facilitated one-on-one meetings with more than 100 Corporate, Investor and Service Champions.


 


     InvestHK also partnered with the HKMA this year to launch an exclusive CBDC track, which was welcomed by the industry and received over 80 applications.


 


     During the conference, top 10 finalists gave presentations to the judges. The final winner of the Global Fast Track pitch competition was privacy computing start-up BaseBit.ai.



     For the CBDC track, awards were presented to:


 

  • Best Technology Award – ARTA TechFin and Giesecke + Devrient a52 GmbH (G+D Filia)
  • Best Use-case Award – Hang Seng Bank and Bank of China
  • Best Ecosystem Award – HSBC and VISA





     Finally, Hong Kong FinTech Week’s appointed event organiser, Finnovasia, also announced its rebranding as Finoverse, to reflect its global expansion and pivot to Web3. Replays of highlighted sessions from the event can be watched in the following channels:


Website: www.fintechweek.hk


LinkedIn: Hong Kong Fintech Week


YouTube: www.youtube.com/c/HongKongFinTechWeek


 


About InvestHK



     InvestHK is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment. It has set up a dedicated fintech team in Hong Kong to attract the world’s top innovative fintech enterprises, start-up entrepreneurs, investors, and other stakeholders to set up and scale their business via Hong Kong into Mainland China, Asia, and beyond. For more information, please visit www.hongkong-fintech.hk.

Fintech month kickstarts on an inspiring note


Commencing on 7th February 2022, the Fintech Open month is a first-of-its-kind initiative bringing together regulators, Fintech professionals and enthusiasts, industry leaders, the start-up community, and developers on a common platform to collaborate, exchange ideas, and innovate. Creating an immersive learning experience, the FinTech month with the overarching theme ‘OPEN’ aims to achieve three key objectives – 1) encourage an OPEN ecosystem across the FinTech industry; (2) Foster co-innovation and growth; (3) Ensure financial inclusion and leverage new models like Account Aggregator to unleash the next wave of fintech innovation.


Week One of the Fintech month included in-depth conversations, deep dives, and panel discussions highlighting innovation, opinions, and diverse perspectives from industry leaders.


Missed these discussions? Here are the highlights:


Day 1 – February 7, 2022:


Virtual Inauguration by Union Minister Ashwini Vaishnaw and special address by NITI Aayog Vice-Chairman Dr. Rajiv Kumar:


Inaugural address by Shri Ashwini Vaishnaw, Honourable Minister for Electronics & Information Technology, Railways & Communications, highlighted the importance of the FinTech industry and the pivotal role of an OPEN ecosystem for creating useful solutions for society.


“Under the leadership of our Honorable Prime Minister Shri Narendra Modi we believe in creating OPEN platforms such as COWIN, UPI, and others being developed for healthcare, logistics and other categories.


An OPEN platform is created using public investment wherein numerous private entrepreneurs, start-ups and developers can join to create new solutions for the people.”




FinTech Facts shared during the keynote address by Union Minister Shri Ashwini Vaishnaw:


  1. Today, 270 banks are connected with UPI and many entrepreneurs and start-ups have provided solutions that have helped increase the country’s FinTech adoption rate
  2. India has the highest FinTech adoption rate globally of 87%
  3. Much of this adoption comes from Tier 2 & 3 cities
  4. About 2100+ start-ups are contributing to FinTech
  5. Indian FinTechs are expected to reach a valuation of above US$150 billion in the next two to three years
  6. Eight unicorns already in the FinTech space




NITI Aayog Vice Chairman Dr Rajiv Kumar:




“India is witnessing increasing digitization with people getting greater and easier access to financial services. This has led to a shift in consumers’ financial behaviour—from cash to e-wallets and UPI. The expansion of digital payments is an important pivot for creating a more equitable, prosperous, and financially inclusive India.


 The rise of fintech has accelerated financial inclusion. I am excited to see the countless possibilities that will be presented by the bright minds of our country over the next few weeks.”




View the inaugural address here: https://www.youtube.com/watch?v=dJmnQseIkBw


Day 2 – February 8, 2022




Fireside chat with Kunal Shah, Founder, CRED and Sameer Nigam, CEO & Founder, PhonePe




Talking about the fintech industry in today’s digitised world, Sameer Nigam, CEO and Founder, PhonePe, and Kunal Shah, Founder, CRED shared their insights on digital payments, how companies have started taking the tech route, and how COVID has altered the way people look at payments and services.




Kunal Shah, Founder, CRED


“The rate at which evolution of technology is happening, we are more likely to witness a revolutionary adaptation to all things digital sooner rather than later. Products designed to cater to every cohort, to solve unique pain points will be the talk of the town in the coming years.”


Sameer Nigam, CEO & Co-Founder, PhonePe:


“The FinTech space has witnessed a massive growth in the last couple of years. With UPI slowly becoming the bread & butter of every Indian household, the ecosystem looks quite vibrant! Amidst this, startups should focus on building solution-oriented companies.


There is an unprecedented opportunity for young entrepreneurs to cater to the needs of a billion people. They just have to go out there and grab that opportunity!”


Key takeaways for start-ups from the session:


  • Build a company that is solution-oriented. If one is solving problems at scale, financial support typically follows suit.
  • There is a lot of capital in the market, entrepreneurs must go out there and capitalize on the opportunities that exist and build the right products.
  • There is an unprecedented opportunity for young entrepreneurs to cater to the needs of a billion people.


Watch the session here: https://www.youtube.com/watch?v=xp_CaOy5Vf0




Day 3 – February 9, 2022:


Panel Discussion – Budget Reaction and implications for Fintechs




The Union Budget 2022-23, presented by Finance Minister Nirmala Sitharaman, pillared itself on technology, the start-up ecosystem, and integrating the concept of digitization into every space from developing modern solutions to solving agricultural problems, modernisation of the defense sector to recognising the AVGC (Animation, visual effects, gaming, and comic) sector by setting up a task force to analyse its full potential.


Moderated by Chandra Srikanth (Editor, Technology, Start-ups, and New Economy at MoneyControl), Fintech month hosted a panel discussion on budget implications for the Fintech industry with distinguished guests – Nithin Kamath (CEO, Zerodha), Vivek Belgavi (Partner & FinTech Leader, PWC) and Harshil Mathur (Co-Founder & CEO, Razorpay), who deliberated on the budget highlights, announcements that excited them the most and their views on a brand-new tech-oriented India.




Nithin Kamath, Co-Founder & CEO, Zerodha


“Government recognition of cryptocurrency has come as a pleasant surprise in this year’s Budget. Platforms enabling start-up investing and such are going to get a lot more traction this year.”


Harshil Mathur, Co-Founder & CEO, Razorpay


“Embedded finance is likely to scale this year. Every company can scale their API in today’s date and expand their ecosystems to solve a variety of problems!”


Vivek Belgavi, Partner & FinTech Leader, PWC


“India is a fairly underutilized market. Therefore, with leaps in both technology & innovation, establishment of Neo banks, it’s time India spread its wings to the global market, and that is one development I am looking forward to this year.”


Watch the session here: https://www.youtube.com/watch?v=KCfjvk0jWSs




Day 4 – February 12, 2022




Fireside chat: Interaction between Mr. Amitabh Kant (CEO Niti Aayog) and Mr. Nandan Nilekani (Co-Founder and Chairman of Infosys, Founding Chairman of UIDAI & Chairman of EkStep).


What began with Aadhaar, and UPI is now a financial revolution in India. As we stand on the brink of a big change, Nandan Nilekani (Co-Founder & Chairman of Infosys & the force behind Aadhaar) in a chat with Amitabh Kant (CEO, Niti Aayog) shared insights on enabling the next wave of financial inclusion, Account Aggregator Network and shared some success stories on the AA platform. Additionally, he also touched upon digital banking, CBDC, India’s stand in the global fintech ecosystem.


While sharing some invaluable suggestions for future entrepreneurs and other FinTech stakeholders, Nandan Nilekani also shared his perspective on the inclusion of women entrepreneurs:


“We have created an onboarding ramp for women entrepreneurs. The tools of the game are in place – one can start a company online, pay taxes online and run a business smoothly. What women entrepreneurs need at this hour is the creation of wealth networks and groups of investors who want to support their business.


It is important to open up the capital to women and match young women entrepreneurs with potential pools of wealth.”




Watch the session here – https://www.youtube.com/watch?v=7GZkdI_4FJg




Day 5 – February 14, 202


Panel Discussion: Democratising Financial Services for a Billion Indians using Technology


Panelists: Moderated by Rahul Chari (CTO, PhonePe), the panelists include Dr. Pramod Varma (CTO, EkStep) and Dilip Asbe (MD & CEO, NPCI)


The session covered a wide range of topics such as the digital economy architecture, digital public goods infrastructure, the cruciality of an empowered ecosystem, and the continued need for a simplistic approach to bring Billion Indians into the fold of the digital financial services ecosystem.




Dilip Asbe (MD & CEO NPCI)


“We are sitting on a tipping point. Whether it’s technology, coverage, or use cases, there is an opportunity for India to lead the world and I think we will.”




Dr. Pramod Varma (CTO, EkStep Foundation)


“User empowerment will need to be driven through interoperability and necessary diversity & inclusion as no single app can solve a Billion population’s problems.”




Rahul Chari (Co-Founder and CTO, PhonePe):


“Expanding the digital payments ecosystem itself presents so many opportunities – from education, awareness to detection of fraud and many more. Moving 700 million people to the digital payment ecosystem is a herculean task and there is a lot of scope for phenomenal growth.”




Watch the session here – https://www.youtube.com/watch?v=tNI6gVxANAM




Forthcoming sessions: While week One witnessed some exciting discourse on the Fintech industry, as we step into week two of the Fintech Open month, get ready for a series of panel discussions with industry stalwarts sharing thought-provoking perspectives and the launch of India’s biggest fintech hackathon. 




Here’s a sneak peek of the upcoming events:


  • February 16, 2022 – Panel discussion on Open Investments


Panelists: Moderated by Nithin Kamath (CEO, Zerodha), the panelists include Vijay Chandhok (ICICI Securities), Lalit Keshre (Groww) and Kavitha Subramaniam (C-Founder, Upstox)


Details on the session: The session will cover the investment landscape in India and how it is rapidly changing. It will discuss how FinTechs are innovating and building user-friendly products to get more Indians to start investing.


  • February 18, 2022 – Panel discussion on Open Insurance


Panelists: Moderated by Sameer Nigam (CEO, PhonePe), the panelists include Yashish Dahiya (CEO, Policy Bazaar), Anuj Gulati (CEO Care) and Varun Dua (CEO, Acko).


Details on the session: The session will talk about the Insurance landscape in India and how the market has become more open and receptive to buying Insurance in the last few years. It will also talk about future growth prospects for the industry and how FinTechs can build Insurance for Tier, 2,3 and beyond.


That’s not all! The highlight of the summit will be India’s biggest fintech hackathon ever, which will provide an opportunity to individual developers and the start-up community to present breakthrough ideas with the potential to solve real-world problems. To foster creativity, innovation, and an entrepreneurial mindset among children, another hackathon for school students will also be organized via Atal Innovation Mission’s Atal Tinkering Labs network. Additionally, the work undertaken by FinTech’s will also be showcased, and the most innovative start-up will be recognized in a virtual felicitation ceremony.


So, don’t forget to tune in and check out the Fintech Open Month website for more details here – https://cic.niti.gov.in/fintech-open-month.html


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German Fintech Startup Paycer to Combine DeFi, Crypto with Conventional Banking Services



Hamburg, Germany, Dec 4, 2021 – (ACN Newswire) – Paycer, a Hamburg-based financial services firm specialized in cryptocurrencies and Decentralized Finance (DeFi), is currently developing a bridge protocol that will aggregate DeFi and cross-chain crypto services and combine them with traditional banking services. Expected to come online in early 2022, the protocol will feature a range of novel financial products designed to help retail clients reap the rewards of the DeFi market.

“Using DeFi can be pretty difficult, even for those in the IT industry. Our mission is to bring high DeFi yields to retail clients who aren’t invested in cryptocurrency yet,” Paycer’s CTO Nils Gregersen says. “We’re also targeting investors who are already in crypto, but who still haven’t jumped on the DeFi bandwagon.”





Providing full interoperability across multiple blockchains, the protocol and platform will feature the full range of financial services, including crypto wallets, bank accounts, lending, liquidity pools and – most importantly – streamlined access to the lucrative DeFi market.

High Interest Rates in a Low-Interest World

One of the platform’s most attractive features is that it promises to offer exceptionally high rates of interest. In today’s low-interest financial environment, this will come as a relief to many retail investors, who will be able to use the Paycer protocol to tap into DeFi and thereby generate viable passive incomes.

“Many people today are seeing their savings gradually diminish because they aren’t earning any interest on it. In fact, they’re losing about 2 to 5 percent of their wealth every year to inflation,” Gregersen explains. “Decentralized Finance, by contrast, offers excellent interest-rate opportunities, while having the added advantage of not being dependent on banks.”

Because cryptocurrencies are notoriously volatile, some investors may have reservations about dipping into the DeFi market, which is still a relatively new phenomenon. The Paycer Platform, however, will help users mitigate risk by assessing the viability of new DeFi products before investing in them. It will also conduct multiple checks in advance, automatically shifting users’ assets away from any investments deemed to be overly risky.

Enter PCR: Paycer’s Utility Token

As part of the rollout of its DeFi protocol, Paycer will also be offering a utility token (PCR), which will generate real value for users of the platform, where token-holders will enjoy voting rights. Four percent of these tokens are available for pre-sale (at a discount), and another 5 percent will be offered in a subsequent public sale.

By staking PCR tokens on the Paycer DeFi platform users can earn staking rewards. What’s more, Paycer will use some of the profits it earns for token buybacks, thus ensuring steady demand – and stable prices – for its flagship cryptocurrency.

“Since Paycer believes in a regulated implementation, the PCR utility token was designed in accordance with the applicable German financial laws in cooperation with a specialized blockchain law firm. The token was also sent to the German Federal Financial Supervisory Authority (BaFin) for review”, says Gregersen.

How you can participate in Paycer’s pre-sale

To participate in the PCR token pre-sale you need to visit Paycer’s website: https://www.paycer.io/token-sale there you can apply for the sale and process your KYC via Blockpass. The KYC is required because Paycer is a legal German company and follows money laundering and anti-terror laws. After the KYC is processed users will receive an email with further instructions from Paycer.

Why CeDeFi and regulation is needed for mass DeFi adoption?

Experienced crypto investors are used to accepting higher risks with their investments. They are also used to investing large amounts in new platforms and anonymous teams. The use of their own wallet and various blockchain networks is also no problem for experienced crypto users. But for retail customers all this will not work, when the first private keys are lost the anger will be big. Retail clients will also not invest much money in hidden DeFi platforms, because they probably think crypto is a scam anyway. Therefore, for mass adoption fiat on-ramp and crypto custody are needed to reduce complexity. Regulation will be needed as a trust builder for the retail clients to gain faith in the new decentralized financial products.

Why Paycer’s approach will be successful?

Paycer focuses on ease of use and regulation when developing its products from day one. The Paycer team is thus following its long-term vision for the company and will be able to build up the trust of investors and customers. We are convinced that CeDeFi will establish itself in the mid to long term and that Paycer will then already have secured a good position in the market.

What is the difference between Paycer and other DeFi products?

Many DeFi products are run by anonymous teams from somewhere in the world. For these platforms rapid development and high interest rates are more important than the long-term success of the platform. Paycer is working to establish itself as a reliable and secure DeFi and CeDeFi brand in the long run. The Paycer team takes the more difficult route in order to work in compliance with the law. But it will be this way that can open the DeFi market to the majority of people.

Social Links:

Twitter: https://twitter.com/paycerprotocol

Telegram: https://t.me/paycerprotocol

Instagram: https://www.instagram.com/paycer_protocol/

Linkedin: https://www.linkedin.com/company/paycer

TheCapitalNet joins the prestigious Fintech100 by Fintech Abu Dhabi 2021

TheCapitalNet, Inc., a leader in SaaS and financial technologies, has been recognized as a global innovator by the Fintech100 and Fintech Abu Dhabi 2021, and joins this year’s Fintech100 Forum with its Private Markets suite of solutions: for Investments (www.TheInvestorNet.com), for Innovations (www.TheIncubatorPro.com), and for Startups (www.TheBizPlanner.com).
This year’s Fintech Abu Dhabi Festival will be held from 22 – 24 November 2021. One of the world’s most influential meetings, focused on the burgeoning sector of financial technologies, this recognition reinforces the shared belief many global stakeholders have for TheCapitalNet products i.e., putting the best technologies to work, thus enabling them in value nurturing and wealth creation.

“We are thrilled to be included in this prestigious listing,” said Dr. Rakesh Bhatia, Co-Founder and CEO of TheCapitalNet. “Every accolade brings its own set of responsibilities to businesses like us, and we are committed to making ours even more worthy. This recognition further inspires us to work harder towards our vision of making ‘Private Markets’ and ‘Innovation’ easy, transparent, and connected,” added Rakesh.

TheInvestorNet is a solution from TheCapitalNet that helps fund managers and investors to manage all major aspects of the private investment business including processes, business intelligence, and transactions. PE, VC, CVCs, Family Offices, Angel Networks and M&A teams can meet TheCapitalNet executive team at the Fintech100 Forum (23 – 24 November) in-person, or at contact@thecapitalnet.com.

Corporate website: www.TheCapitalNet.com
Email: contact@thecapitalnet.com


Topic: Press release summary

IWS FinTech Clinches Spot Among the Region’s Best at the SME100 Awards 2021

 IWS FinTech joins the ranks of Asia’s top fast-moving small- and medium-sized enterprises (SMEs) with its recent win at the SME100 Awards 2021. The company, with its focus on blockchain technology and helping businesses expedite their digital transformation, continues to make headway in both the fintech and innovation space. The recognition cements IWS Fintech place among the most successful and trustworthy SMEs in the region.

Launched in 2009, the SME100 Awards identifies fast-growing companies across Malaysia, Singapore, Indonesia and more recently, Vietnam. Nominees are judged based on the criteria of growth (turnover, profit and market share) and resilience (best practices, sustainability and vision), before the eventual winners are crowned. For relative newcomers and business owners, the awards also serve as benchmarks of trust and reliability.

IWS FinTech’s Director, Tan Kok Seong said: “We’re humbled and honored to be a recipient of this premier award and are looking towards building on our strengths and expanding our presence in the fintech and blockchain sector. ‘Fast-moving’ has always been a part of our DNA, by the very nature of competing and excelling in an ever-changing and dynamic fintech space. The award not only encapsulates how we approach our continued growth, but is also an affirmation of our clients’ and peers’ trust in our vision and in the work that we do.”

The company counts the seasoned entrepreneurs and tech experts sitting on its board as key drivers of its success and strategic growth. Among them are Founder of Fullerton Markets, Mario Singh, and Founder and Head of Strategy of Aqua Digital Rising, Yasin Sebastian Qureshi, who together with the team, are helping businesses build and strengthen their fintech infrastructure and effectively implement technological innovations to meet organisational objectives.

About IWS FinTech

IWS FinTech focuses on next-generation technologies that will influence lives in the next decade. By collaborating with the world’s leading corporations through co-development and co-creation to support start-ups and SMEs, it seeks to introduce solutions that will facilitate business operations in the digital age and help organisations achieve sustained business growth via access to innovative technologies. From blockchain initiatives that expedite the digitalisation of business assets to the formulation of solutions that empower companies to tackle technological and organisational challenges, IWS FinTech provides businesses with opportunities to improve productivity, performances, and efficiency.

IWS FinTech

Callie Tan

+65 68161197

www.iwsfintech.com

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