News

IFTA FinTech Achievement Awards 2019 Now Opens for Applications

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

About IFTA

The Institute of Financial Technologists of Asia
Limited (IFTA) is an NPO established in Hong Kong in Sep 2017; to uphold the
professional standard of Financial Technologists in Asia and create an
ecosystem for global fintech talents to be connected. In the witness of
Innovation and Technology Bureau, Hong Kong Monetary Authority, Financial
Services and the Treasury Bureau, and the City of London at the signing
ceremony, IFTA entered a collaboration agreement with the Certificate in
Finance and Technology (CFT) from the United Kingdom to introduce the first CFT
program in Asia. Besides delivering certification, IFTA also organises events
including boot camps, seminars, and an annual award to accelerate Fintech
education and industry engagement among government, regulators, universities,
enterprises, and start-ups.

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