Australasian FinTech company, Valocity, back on the global stage at the Singapore FinTech Festival Awards

Australasian FinTech company, Valocity, back on the global stage at the Singapore FinTech Festival Awards

The Monetary Authority of Singapore (MAS) has recognised FinTech company Valocity as a finalist for the Singapore FinTech Festival (SFF) Global FinTech Awards. Considered by many to be the industry’s Oscars, the Singapore FinTech Festival (the largest FinTech festival in the world), represents the industry’s highest accolade for FinTech innovation.

This year’s awards recognises ground-breaking solutions that have enabled the financial sector to rebound from the impact of the pandemic, including initiatives that have helped create new growth opportunities, transform industry practices, and promote financial inclusion. The theme for this year’s Awards is “Emerging from a pandemic, the road to recovery”.

Valocity is the only Australasian firm to make the finalist’s shortlist, competing against 190 global changemakers representing Europe, the US, Asia and the Middle East.

Valocity’s shortlisting in these prestigious awards is in recognition of the company’s cloud-based remote property inspection App, Valocity Connect, launched in April 2020 in response to the COVID-19 Pandemic. The solution is an extension of Valocity’s award-winning Valuation Ordering Platform and allows banks to maintain sustainable risk management and business continuity for their property lending divisions by enabling remote market valuation assessments. The App remotely connects lenders, valuers and property occupiers allowing valuers to prepare bank-secure market valuations/appraisals and ensures continuity of business-critical mortgage lending during a crisis.

On the subject of this year’s finalists, Ms Wong Wanyi, FinTech Leader of PwC Singapore’s Venture Hub said, “the future of FinTech is experiencing accelerated growth as industry players continue to bring new ideas to the market, challenging the status quo of traditional players. This year, we are encouraged by game-changers who break away from the norm, transforming industry standards and practices with unique and creative solutions. Organisations that promote interoperability within the ecosystem will be able to realise the beauty of FinTech, increasing efficiency as they connect the dots.”

Coincidentally this month also marks Valocity celebrating 7 years since first launching its platform in New Zealand. Valocity is now delivering world-class innovation and transformation to the entire property ecosystem, operating in almost 600 cities globally.

Valocity is proud to be democratising the home buying process through and to have supported over $1Trillion in lending decisions through its Microsoft Azure cloud-based Valuation Ordering Platform and digital Valuation tools.

Founder and Global CEO, Carmen Vicelich said, “we always focused on building a world class solution that was scalable for markets like India, configurable for markets like Australasia where banks are wanting to differentiate, and customisable to suit – to deliver seamless user journeys for the entire ecosystem. We are extremely proud to be recognised on the global stage and it is a huge credit to our amazing team of game changers, who create the magic through collaboration with our innovative customers!”

Winners of the Singapore FinTech Festival Global FinTech Awards 2021 will be announced this week on November 11.