Wizpresso 濃說

Hong Kong's #IPO landscape in 2024 is recovering, driven by technological innovation and global capital. Market consensus projects around 80 IPOs raising approximately HK$80 billion. Wizpresso 濃說 recently released a report highlighting opportunities in the 2024 Hong Kong IPO market. Here are the key takeaways: 📈Revitalization of the IPO Market: After a challenging first half of 2024, where HK$13.1 billion was raised through 30 new listings (a 27% drop YoY), the market is set to recover. Over 100 companies are lined up, with large IPOs (HK$5 billion+) expected to raise an estimated HK$80 billion for the year. 🚀Focus on High-Growth Sectors: The second half of 2024 will emphasize sectors like Technology, Media, Telecommunications (TMT), AI, and Retail. Notably, 41% of H1 listings were in information technology, showcasing strong demand. 🌍 Capital Influx and Cross-Border Investments: A decrease in global interest rates is expected to attract more capital to Asia. Discussions between Hong Kong and Middle Eastern partners aim to boost cross-border investments, enhancing Hong Kong as a preferred listing venue for Middle Eastern firms. 🏛️Regulatory Improvements: The HKEX's Chapter 18C listing rules for tech firms aim to enhance transparency and streamline the IPO process. In H1 2024, Hong Kong welcomed its first IPO under these rules, XtalPi, an AI-powered drug research firm, further solidifying the city’s status as a regional innovation hub. Explore these insights and the exciting opportunities ahead in Hong Kong's IPO landscape: https://lnkd.in/gPU_-ZGQ #wizpresso #ai #fintech #factify #ipo #2024ipo #tech

PwC's latest report (https://lnkd.in/gyvgbDnK) predicts a rebound in the HK IPO market in the second half of 2024, with around 80 IPOs raising HK$70-80 billion. Key drivers include: 📉 Falling interest rates 🌍 Influx of global capital 📜 The new Chapter 18C listing regime for high-growth tech companies This surge demands substantial effort from sponsors and legal advisors, making efficient precedent searches crucial for regulatory compliance, best practices, prospectus drafting, and risk mitigation. However, traditional precedent search methods are labor-intensive, involving manual searches through volumes of disclosures from the stock exchange website. This could lead to some information being omitted. AI technology can largely automate the precedent search process, offering users a seamless disclosure search and monitoring experience, including: - Instantly retrieving relevant company disclosures in seconds - Finding precise information using advanced filters, such as document type, title, and sections - Visualizing search results and trends for better insights - Saving pre-defined search criteria and receive updates periodically For less than the cost of a meal per month, FilingSeer can augment your capital markets research workflows. To learn more about precedent search with Wizpresso FilingSeer, read the full article: https://lnkd.in/gumqf7q4 Click here to access a free trial for a limited time: https://lnkd.in/gfNbTUty #precedentsearch #hkipo #wizpresso #filingseer #genai #finetch #capitalmarkets

In today's increasingly complex business environment, mastering procurement processes is essential for building a robust supply chain and vital for ensuring all vendors and contractors comply with all relevant regulatory and customer requirements globally. The 2023 Deloitte Global CPO Survey reveals significant hurdles amongst firms: 40% of companies struggle with contract compliance, and 25% face broader supplier non-compliance, disrupting various procurement stages. Pain Points in Procurement: 📝 RFP Proposal: Traditional methods of collecting requirements and drafting an RFP proposal are time-consuming and error-prone, with up to 83% of cases taking up to 6 weeks. 📑 Contract Review: Manual reviews risk missing key details, leading to compliance issues. ✳ Supplier Onboarding: Lack of standardized processes risks onboarding unqualified vendors and leading to delays. Have you thought of incorporating AI into procurement operations? AI can augment your supply chain management process by offering the following benefits: ⌛ Speed & Efficiency: Gen AI can retrieve similar purchases from before, draft procurement requirements, and comprehensively review contracts and proposals. ✔ Compliance: AI can automate legal and compliance checks against regulatory standards and internal policies. 📇 Risk Management: AI can automatically verify supporting information vendors submit regularly. Read more about how AI can be applied in procurement workflows: https://lnkd.in/g46iWRHs Contact us at hello@wizpresso.com if you want to learn how technology can power your supply chain management processes, driving operational excellence and stronger supplier relationships. #wizpresso #adnoto #procurement #ai #efficiency #compliance #futureofwork

Last week, Wizpresso 濃說 had the honor of attending the 3rd Malaysian Banking Conference in Kuala Lumpur, organized by AICB and the Association of Banks in Malaysia. Our founder and CEO, Calvin Cheng, CFA, participated in a panel discussion alongside moderator Ts. Othman Abdullah CPIF, CEO from Silverlake group, and fellow panelists:  - Michael Heaney, CISSP, CISA, Partner at EY Consulting  - Mohd Azil Noor Salleh, Head of Data Architecture & Analytics at SME Bank Malaysia  - Dr. Kam Hong Shum, Founding Member of LedgerBrains AI Consortium.   The panel delved into how AI can address issues in traditional banking and SMEs, such as inadequate recording systems affecting SME services. They emphasized the importance of methodically managing credit risks and fostering collaboration between financial and tech partners to drive SME growth. Calvin also shared the use of generative AI and RAG technology to automate KYC processes, boost efficiency, and enhance transparency in the financial sector. The event was a resounding success, drawing over 640 financial practitioners and featuring insights from 40 industry experts. It provided us with a valuable opportunity to collaborate with industry leaders and exchange insights on the future of banking in the GenAI era. We express our gratitude to the Asian Institute of Chartered Bankers and The Association of Banks in Malaysia for hosting this successful event. Special thanks to Ts. Othman Abdullah CPIF for moderating the session. #wizpresso #fintech #ai #banking #conference #sme

South China Morning Post (SCMP) recently featured the strengthened public-private partnership between Cyberport and Hang Seng Bank, driving innovation, facilitating SME digital transformation, and promoting sustainability. Hang Seng Bank takes a significant step in establishing Hong Kong's first Index Innovation Lab at Cyberport, leveraging advanced AI technology for accelerated index development and financial sector innovation. They have also introduced the HK$33 billion SME Power Up fund to support local SMEs in achieving sustainable growth. Wizpresso 濃說 is honored to be part of this collaboration. We support Hang Seng Bank in powering their ESG offerings and green financing with our generative AI and NLP solutions, assisting in comprehending financial filings, generating ESG insights, formulating indexes, and streamlining the ESG data analysis process with accuracy and efficiency. We would like to thank South China Morning Post SCMP for featuring us in the article, and extend a special thanks to Cyberport Hong Kong and Hang Seng Bank for their long-term support and collaboration. With continuous innovation, we deliver cutting-edge solutions that empower businesses to make informed decisions and drive value in the financial market. To learn more about the partnership, please read the full article on: https://lnkd.in/gTNK-nAM #SCMP #Cyberport #HangSengBank #Wizpresso #Fintech #SME #Sustainability

A smooth Know Your Customer (KYC) process smoothens the client onboarding process and drives business growth. However, traditional KYC is plagued by manual workflows, long lead times, and complex regulatory requirements. One of the most challenging KYC tasks is document due diligence – based on your jurisdiction and onboarding requirements, your document review process may present varying level of operational challenges. Effective use of technology, including document OCR and generative AI, can address numerous verification needs. Read our latest use case on how we can apply AI on KYC processes to learn more: https://lnkd.in/ghRumvwC #clientonboarding #cdd #duediligence #kyc #banking #ai #compliance #wizpresso 

Wizpresso 濃說 is pleased to announce that our founder and CEO, Calvin Cheng, CFA, has been invited as a panelist for the Fintech Industry Forum 2024. The event, hosted by Asia Pacific University of Science & Innovation and LedgerBrains, will take place on Tuesday, July 9. The panel discussion will focus on "Accelerating AI-driven Financial Services in Malaysia." During the panel session, Calvin, alongside other fintech industry leaders, will explore the opportunities for AI adoption in the APAC financial industry. Meanwhile, Calvin will demonstrate how technological advances, such as generative AI, large language models, and RAG technology, can streamline client onboarding, supply-chain assessment and ESG compliance. Event Details: • Date: 9 July 2024 (Tuesday) • Time: 14:00- 17:30 • Venue: Audi 3, Asia Pacific University of Technology & Innovation, Kuala Lumpur We would like to express our gratitude to Asia Pacific University of Technology and Innovation (APU / APIIT) and LedgerBrains for organiing the event and extending the invitation. We eagerly anticipate this invaluable opportunity for networking and knowledge exchange. Please secure your spot by registering the link below or by scanning the QR code before July 3, 2024: https://lnkd.in/g6JBXsss #fintechindustryforum2024 #fintech #wizpresso #ai #financialservices

Wizpresso 濃說 recently organized the 2024 cohort summer intern orientation, where we warmly welcomed a group of 10 talented interns with diverse academic backgrounds and nationalities. These interns will be joining our teams in data science, engineering, product, and coverage for an intensive 3-month STEM program. We hope that our interns will have a rewarding internship experience at Wizpresso, immersing themselves in our dynamic fintech environment and gaining practical knowledge as well as hands-on experience in AI technology and the ever-evolving financial landscape. To explore further career opportunities and join our team, please visit: https://lnkd.in/g7BUyD_K

Wizpresso 濃說 is excited to share that our founder and CEO, Calvin Cheng, CFA, recently had an interview with Metro Broadcast 新城電台「新質訪客室」. Throughout the discussion, Calvin shared the lessons he learned throughout his entrepreneurship journey and his views on the current innovation landscape in Hong Kong. Calvin also encouraged the younger generation to prepare for future entrepreneurial opportunities by actively listening to stakeholders, observing pain points around our daily lives, and joining a startup. We extend our sincere gratitude to Yolanda Ng for hosting this event and to the Hong Kong Alliance of Technology and Innovation (HKATI) for this incredible opportunity. Don't miss out on the upcoming show, scheduled to be aired this Thursday (13/6/2024) at 1 pm on FM99.7-102.1 or watch it live on Facebook by visiting this link: https://lnkd.in/g9H-Tppm. #wizpresso #hkati #bocstip #entrepreneurship #fintech #radioshow

Last week, Wizpresso 濃說 participated in the Cyberport Pitch Day themed "Invest in Tech's Future." This event provided a valuable opportunity to gain insights into industry insiders, understand market pain points, and identify demands.    Our founder and CEO, Calvin Cheng, CFA, delivered a presentation highlighting the power of generative AI due diligence solutions and a secured data room. He showcased how our AI technology is revolutionizing the traditional document verification process and optimizing workflows for KYC, client onboarding due diligence, and ESG compliance in enterprises. The pitch received a positive response, with approximately 200 individuals visiting our booth and expressing interest in our product and offerings.    We extend our gratitude to Cyberport Hong Kong for the invitation and facilitation. It was inspiring to connect with innovators and industry leaders. We are excited about the collaboration opportunities that have emerged from this event.    Stay tuned for more updates as we continue to push the boundaries of innovation and shape the future of due diligence and data security.  Learn more about Wizpresso: https://lnkd.in/g2dq5YbK    #wizpresso #ai #duediligence #fintech #cyberportpitchday