Valocity flying New Zealand fintech flag at global awards
8th November 2018
Kiwi mortgage valuation software company Valocity has been named as the sole New Zealand and Australian finalist in this year’s Fintech Awards, the focus of The Singapore Fintech Festival, considered by many as the industry’s Oscars.
Valocity is one of 40 finalist international companies nominated for the Awards, chosen from 210 entries. It is also one of 20 companies given the opportunity to pitch in a Fintech Hackcelerator to a judging panel of 35 international Fintech leaders selected from a global competition of over 500 applications.
This recognition is a result of the company’s cloud-based platform that streamlines the entire mortgage valuation process and transforms lending decisions by combining the best technology with data and advanced analytics.
In just five years Valocity has opened offices in New Zealand, Australia and India, and has supported almost NZ$400bn of lending decisions through its platform. Its solution supports the growing demand for increased regulatory compliance in conjunction with improved customer experience for a more seamless and transparent mortgage and valuation process.
The Fintech Awards is the largest of its kind globally and will be held at the Singapore Expo, 12-14 November, and is attended by upwards of 30,000 people from the world of Fintech and associated industries. Guests include the Rt Hon. Jacinda Ardern, Prime Minister of New Zealand, as well as the Canadian Prime Minister, and the Indian Prime Minister.
Carmen Vicelich, CEO of Valocity, says the nomination and participation in this pinnacle event is a huge accolade for a young company that is being recognised on the global stage among the world’s largest banks.
The Fintech Awards will be attended by a strong contingent of New Zealand’s burgeoning fintech sector with a delegation spearheaded by New Zealand Trade and Enterprise and Callaghan Innovation, as well as companies Centrality and Nine Spokes.
However, Valocity is the only New Zealand or Australian company up for the global Fintech Award against others from across the world including the UK, to the US, Asia and the Middle East, all competing for US$150,000 in prizes.
Valocity was founded by Carmen Vicelich and the platform went live in October 2014, to bring innovation and choice to the market after she also founded Data Insight in 2013. The ethos of both companies is leveraging the power of data, technology and smart people to deliver game changing value and make the complicated simple.