IFTA FinTech and Innovation Awards 2022/2023 Winners Revealed

HONG KONG SAR – Media OutReach – September 26, 2023 – Organized by the Institute of Financial Technologists Asia (IFTA), the IFTA FinTech and Innovation Awards 2022/2023 (IFTA Awards) ceremony was held in Hong Kong Productivity Council yesterday (September 25). The ceremony was presided over by the guest of honor
Mr. Joseph Chan JP, Under-Secretary for Financial Services and Treasury, Hong Kong SAR Government. In total, 22 winning companies and 9 individuals/teams received an award. OPENHIVE won the Best FinTech of the Year award while the Best FinTech of the Year – Startup award went to Reimagine Cyberbay Limited.

For its fifth edition this year, IFTA chose “Game Changers: The Rise of Next Gen FinTech” as the theme of the awards in response to the widespread adoption of artificial intelligence and chatbot technology, with the aim of honor the individuals and teams who have fueled the development and adoption of FinTech and motivated the innovations essential to propel Hong Kong into a new FinTech era.

Mr. Joseph Chan JP, Under-Secretary for Financial Services and Treasury, Hong Kong SAR Government shared in his speech: “The Hong Kong SAR Government is committed to promoting Fintech as a means to improve the overall competitiveness of the financial services sector. Our strategy is multi-pronged: improving Fintech infrastructure, promoting Hong Kong’s Fintech competitiveness internationally, launching support programs to encourage innovative financial services, nurturing Fintech talent and fostering a regulatory environment conducive to local innovation and cross-border collaboration. May the innovative spirit of all winners continue to blaze new trails in the Fintech landscape.

Mr. Wilson Kwok, Founder and Vice President of IFTA said: “At a time when technology applications are growing and being adopted at an exponential rate, the evolution of FinTech has become the driving force of the future. Digital technologies such as artificial intelligence, machine learning, blockchain and the Internet of Things have revolutionized human activities in multiple ways. The innovative adoption of technology in finance has also redefined workflows and processes related to trading, banking, transactions, investments, risk management and much more. We must stay ahead of the curve, otherwise risk will be left behind. We look forward to more innovations to come in the next edition of the Awards.”

Dr Dorothy Chau, IFTA Chief Juror said: “This year we introduced a new ‘Cybersecurity and Data Protection’ award category to recognize companies that have contributed to cybersecurity. This addition reflects the evolving landscape of our industry and the importance of cybersecurity and inclusion in driving innovation. My congratulations go to all winners. Your achievements have not only pushed the boundaries of what is possible in FinTech, but have also elevated Hong Kong’s reputation as one of the world’s leading financial centers.

The response to the awards was enthusiastic with over 29 nominations received across 14 different categories, including 10 corporate awards for the Asia region and 4 individual awards. The highlight of this year was the Best FinTech of the Year award, won by OPENHIVE, a new technology brand specializing in enterprise solutions for multi-party data collaboration, AI and privacy technology, allowing multiple parties to collaborate on modeling and data. analyzes while preserving the confidentiality and security of their data. A new start-up, Reimagine Cyberbay Limited, has received the Best FinTech of the Year – Start-up Award. Established in 2022, Cyberbay is the first crowdsourced all-in-one bug bounty marketplace platform in Hong Kong, aiming to connect businesses and cybersecurity researchers through a crowdsourced bug bounty service to provide bug verification solution. Uninterrupted and cost-effective cybersecurity to protect businesses’ digital assets. .

Results of the IFTA FinTech and Innovation Awards 2022/2023:

Business Achievements – FinTech Solutions

Outstanding Financial Technologists of the Year

Honorary awards

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Photo caption

Photo 1: Mr. Joseph Chan JP, Undersecretary for Financial Services and Treasury of the Hong Kong SAR Government, delivered a speech

Photo 2: Group photo with the founder of IFTA, guest of honor (from left to right: Mr. Wilson Kwok, founder and vice-president of IFTA; Mr. Joseph Chan JP, Undersecretary for Services Finance and Treasury of the Hong Kong SAR Government; Mr. Paul Pong, Founder and Chairman of IFTA)

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