London-based Fintech company Mosaic Smart Data, which assists financial institutions in adapting to regulatory change, is the winner of the inaugural InvestHK UK Fintech Awards.
It was announced on 20 March by InvestHK in conjunction with the UK Department for International Trade.
The UK Fintech Awards 2018 follow the launch last September of the UK-Hong Kong Fintech Bridge (“the Bridge”) to foster closer collaboration at government, regulator and business level in the Fintech sector. The competition received 30 submissions from companies based in the UK. It also drew interest from the wider global Fintech community with enquiries from Fintech companies overseas, including Singapore, Australia and Ireland.
At the awards ceremony co-organised by InvestHK and Hong Kong Economic and Trade Office London (London ETO) on 20 March 2018, the Director-General of the London ETO, Priscilla To, said Hong Kong has “all it takes to be the launchpad for the products and solutions developed by Fintech companies and start-ups in Asia. We now have more than 150 Fintech companies – about 40% with overseas founders.”
“Fintech is one of our priority areas in innovation and technology, and the Hong Kong Government is taking a number of steps that focus on this. Apart from increasing resources for research and development, we will provide investment funding to promote the development of start-ups,” Ms. To added.