Featurespace, a UK-based provider of enterprise financial crime prevention software, has been named the overall winner of the inaugural Global Fast Track Programme.
Held in conjunction with Hong Kong FinTech Week (2-6 November 2020), the Global Fast Track Programme invited solution providers from nine key fintech verticals to showcase their technologies for consideration.
Out of more than 550 applications, 68 companies were selected and invited to pitch their innovative solutions to the Hong Kong Monetary Authority and more than 30 senior executives from leading corporations and investors in Hong Kong and Asia.
Featurespace was announced as the overall winner for its ARIC™ Risk Hub, a platform that uses advanced, self-learning models and explainable anomaly detection to enable financial institutions to automatically identify risk, catch new fraud attacks and identify suspicious activity in real-time.
King Leung, Head of FinTech at InvestHK, said,
“The Global Fast Track Programme, which is a business-driven platform of the Hong Kong Fintech Week, attracted over 550 company applications from 44 global economies. The high quality FintechHK Global Final competition showcased some of the finest fintech solutions worldwide and their plan to scale their business in Hong Kong. Congratulations to the champion Featurespace and we look forward to working with you to fast-track your next success in Hong Kong.”
In May, Featurespace completed a £30 million funding round to help further its efforts in the Asia Pacific region and in the following month, the company expanded its presence with Australian fintech, Hay.
Featured image: Featurespace Team
