Wizpresso 濃說

We are pleased to share Wizpresso 濃說 has been featured in Hong Kong Monetary Authority (HKMA)'s FinTech Supervisory Sandbox 3.1 (FSS 3.1) promotion video! This initiative is a fantastic opportunity for fintech companies to co-create solutions with sponsor banks in a supportive regulatory environment. In the video, FSS3.1 participants shared their insights on how the sandbox fosters collaboration and drives the development of cutting-edge financial technologies. 💡 Thank you, Cyberport Hong Kong, for facilitating the interview. Check out the full video to learn more about the sandbox: https://lnkd.in/g9Vq5Mz7 #Wizpresso #Fintech #HKMA #Innovation #Cyberport

We are thrilled to announce that Wizpresso 濃說 has been awarded the HKMA/HKT Global Innovation Award as a top 10 finalist! 🏆 This recognition highlights our commitment to #innovation and the exceptional value we create for our stakeholders through cutting-edge solutions. We are honored to be part of Hong Kong's thriving ecosystem that prioritizes technological advancement and creativity. A heartfelt thank you to The Hong Kong Management Association for this incredible honor and to our dedicated team, whose hard work and passion made this achievement possible. We also thank our partners and clients for their unwavering support. #Wizpresso #HKMA #HKT

*Wizpresso 濃說 Driving Innovation in Hong Kong's Tech Landscape* We're excited to share insights from a recent feature in the Hong Kong Economic Journal that highlights the challenges and opportunities in Hong Kong's tech ecosystem. Recently, Wizpresso participated in EY’s Synergize GBA Forum to showcase our technological capabilities and to drive awareness. Our CEO, Calvin Cheng, CFA , emphasizes the need for a shift in mindset among local businesses. "Hong Kong has immense potential for technological advancement, but we must embrace a more progressive outlook on tech applications," he stated. At Wizpresso, we're committed to leading by example, showcasing how innovative solutions can transform industries and enhance productivity. We believe that fostering a culture of experimentation and adaptability is crucial for staying competitive in today’s global market. As we continue to grow, we are dedicated to collaborating with local businesses and stakeholders to create a vibrant tech ecosystem. Special thanks to Ee Sin Tan from EY for featuring us at the event. Read the full article to learn more about our vision for the future of technology in Hong Kong: https://lnkd.in/gBcquArS #EY #Wizpresso #Innovation #TechEcosystem #HongKong #BusinessTransformation

Wizpresso 濃說 Featured by Hong Kong Economic Journal We are excited to share that Wizpresso has been featured today by the Hong Kong Economic Journal! A heartfelt thank you to HKEJ for spotlighting our team's dedication to advancing regulatory technology adoption among public companies. In today’s landscape, many organizations navigate a web of increasingly complex regulations and compliance obligations. Global firms, in particular, face the challenge of adhering to local requirements and best practices in every location they operate, which can lead to risks related to policy inconsistency and extended communication timelines. At Wizpresso, we believe technology is key to overcoming these challenges. Our focus is on developing domain-specific GRC (governance, risk, compliance) AI solutions that empower companies to effectively track policy requirements and streamline their processes. By enhancing stakeholder communications, we help firms build and maintain long-term trust with their stakeholders. Read more: https://lnkd.in/gC7CkZhw

Investors and stakeholders pursuing long-term investments in sustainable and socially responsible companies increasingly demand Environmental, Social, and Governance (ESG) information. Since 2016, HKEX has required all companies listed on HKEX to disclose an ESG report according to Appendix 27 (HKEX ESG Reporting Guide). While the reporting standard has subsequently been enhanced in multiple rounds, demand for reliability and accuracy in ESG disclosures is growing exponentially. This has led to more companies seeking independent verification from third-party assurance providers. According to EY, only 15% of real estate companies listed on HKEX have sought independent assurance. Of these, only 34% obtained reasonable assurance. Companies faced verification challenges, including data challenges, costs, and long lead times, when gathering the relevant data for audit. This highlights the critical need for mainstreaming environmental assurance as businesses strive to align with global sustainability standards. Technology and consultants play a pivotal role in guiding businesses through regulatory compliance and sustainability practices. By conducting regular environmental audits and leveraging technology, Hong Kong's businesses can enhance their environmental performance while also meeting stakeholder expectations. Read this article to learn more about our analysis: https://lnkd.in/gjBKA-Wv #Wizpresso #Sustainability #ESG #EnvironmentalAssurance #HongKong

The benefits vs. the costs of adhering to ESG principles are far greater for SMEs than for large corporations. With listed corporations increasingly adopting the latest ESG standards, the cost of compliance rises as operations scale and requirements become more complex. SMEs, with their agility, are well-positioned to meet these standards. However, the primary challenge they face is acquiring the necessary know-how, emphasizing the need for continuous learning and development. If properly implemented, sustainable operations can greatly enhance an SME’s competitive advantage, opening doors to new markets, increasing customer loyalty, and improving staff retention while meeting regulatory standards. Read this full article about why ESG matters for SMEs: https://lnkd.in/giTnR__B #ESG #GRC #SMEs #diligence #wizpresso

🌕✨ Wizpresso 濃說 wishes everyone a joyful Mid-Autumn Festival! May your celebrations be filled with joy, family reunions, and delicious mooncakes. Let’s take this time to reflect on the beauty of togetherness and gratitude. 🥮🌟 #MidAutumnFestival #wizpresso

Integrating ESG practices into the firm’s operations is only a trend but a necessity for public companies in Hong Kong. ESG reporting requirements have become increasingly complex since the HKEX first mandated ESG reporting in 2016. With new climate disclosures coming into effect on January 1, 2025, companies face emerging compliance challenges as they align operational practices with ESG requirements. Effective Governance, Risk Management, and Compliance (GRC) are critical for firms to achieve sustainable success. Harmonizing company processes with GRC frameworks ensures compliance, helps mitigate risks, and enhances investor confidence. However, corporations, investors, and banks face challenges in their respective businesses as they adapt to evolving regulatory standards. To address these challenges, continuous training, and industry engagement are essential. Additionally, leveraging digital tools for automated regulatory tracking, control monitoring, and risk assessments can prepare organizations for frequent audits and ESG questionnaires. Wizpresso is pleased to introduce a new article series that will dive into the dynamic ESG landscape in Hong Kong. Read the full article to explore why integrating ESG with GRC is crucial for your organization’s resilience and long-term growth: https://lnkd.in/gYsnKXb9 #ESG #GRC #HongKong #ListedCompanies #SustainableGovernance #RiskManagement #diligence #wizpresso

Our founder and CEO, Calvin Cheng, CFA has recently been invited to speak at Chinachem Group (CCG)’s Innovation Ambassador Program, in collaboration with HKU. This program aims to cultivate entrepreneurial talent and foster #innovation within the Chinachem Group. Calvin shared his experiences and journey in the fintech industry, highlighting the importance of an intrapreneurship culture – where everyone is encouraged to leverage technology and transform their businesses. Attended by over 30 executives, we are pleased to see more corporates embracing an innovative culture, empowering individuals to collaborate and make digital transformation the new ‘business as usual’. Thank you to Chinachem Group for having us. We look forward to seeing the creative solutions and progress that participants will develop throughout this program. #wizpresso #chinachem #digital #transformation #AI #esg

Last week, Wizpresso 濃說 participated in the 4th Synergize GBA Forum, organized by EY in collaboration with Invest Hong Kong, 團結香港基金 Our Hong Kong Foundation and Shenzhen Foundation for International Exchange and Cooperation. The forum focused on “unleashing new quality productive forces” in the Greater Bay Area, covering key topics such as ESG, finance, and technology. The event attracted over 12,000 industry experts, including government officials, corporate leaders, and regulatory professionals, attending both in person and online. Wizpresso was pleased to host a booth showcasing our capabilities in ESG insights and governance, risks, and compliance (#GRC). We engaged with over 200 attendees interested in how AI can automate compliance processes, boost efficiency in meeting ever-changing regulatory requirements, and accelerate their ESG journey . We extend our gratitude to Ee Sin Tan and Jasmine SY Lee, EY for providing this valuable opportunity to connect with industry leaders and professionals. We are excited about the potential collaborations and innovations that lie ahead. #wizpresso #ey #ai #fintech #gba #compliance #esg #valuelytics #diligence