Awards recognise outstanding contributions to FinTech sector, with Mr John Tsang, Senior Advisor of Bowtie, Mr Jim Lai, Vice President, Tencent Holdings Limited & Chairman, Fusion Bank Limited and Dr Suen Wai Mo, Founder & CEO, ClusterTech Limited on list of awardees

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HONG KONG, CHINA -�Media OutReach�-�25
September 2020�-�The IFTA FinTech Achievement Awards 2019 (the "Awards")
organized by the Institute of Financial of Technologists of Asia (IFTA)
successfully concluded today. The award ceremony this year was held online in
response to the persistent influence of the COVID-19 pandemic.

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The
award has returned in its second edition with the theme of "Transforming
FinTech Communities with Competence, Character, and Care", to recognise talents
and corporates in their pursuit of innovative solutions that meet both business
and social needs. A total of 26 corporate and 4
individual awards were announced in a wide range of fields, including Cloud
Computing, Big Data Analytics, Payment Tech, Artificial Intelligence, and more.

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Kicking off the
award ceremony was Guest of Honour Mr
Joseph H. L. Chan, JP, Under Secretary
for Financial Services and the Treasury of the Hong Kong SAR government.

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Mr Chan said "Hong Kong has one of the
highest consumer FinTech adoption rates in the world. According to the Global FinTech Adoption
Index, Hong Kong's adoption rate increased from 32% in 2017 to 67% in 2019,
ranking above other major markets including France, USA and Japan."

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"With over 600
FinTech companies and start-ups operating in Hong Kong, the government will
continue to work closely with the industry and develop Hong Kong as a FinTech
hub of the region" Mr Chan added.

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Mr Paul
Pong, IFTA Founder and
Chairman, added "FinTech solutions enable businesses and consumers to address
physical distancing needs without losing access to the financial systems they depend
upon. We are in difficult times, but it can also be seen as a golden year for
the development of financial technology."

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This year, the newly set Iconic Star award goes to Mr John
Tsang, Senior Advisor of Bowtie; Mr Jim Lai, Vice President of Tencent
& Chairman of Fusion Bank; and Dr Suen Wai Mo, Founder and CEO of
ClusterTech, in recognition of how they have devoted their time in their
respective professions to create extraordinary impacts on the FinTech industry.

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One of the Iconic Stars Mr John Tsang, Senior Advisor
of Bowtie added "Living in an uncertain and volatile world, Bowtie, as a novel
Fintech business platform, is challenging industry norms that we have taken for
granted with the application of disruptive technological innovations with the
aim of enabling society to reimagine our future."

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

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Outstanding Financial Technologists of the Year (for
individuals)

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The Prestige Award -- Iconic Star (by appointment only)

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Iconic Star

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FinTech Ecosystem Contribution Honorary Award

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FinTech Education Contribution Honorary Award

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To review the online ceremony of IFTA Award 2019, please
click HERE.

Please Click HERE to download more high-resolution
photos.

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About IFTA

The
Institute of Financial Technologists of Asia (IFTA) is an NPO established in
Hong Kong in September 2017; IFTA is dedicated to accelerating FinTech development and leading the global
development of FinTech talent with the highest standards of ethics, education
and professional conduct. In the witness of HKSAR Government
and City of London representatives, 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.