Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Valocity wins Global Fintech Start-up of the Year

New Zealand owned Fintech company Valocity has won the Global Fintech Start-Up of the Year at the India Fintech Awards.

The term Fintech – financial technology – refers to innovative solutions in digital technology that aim to optimise financial services and banking and is one of the fastest growing sectors globally.

In India alone, well known for its technology there are over 2000 Fintech start-ups and Valocity Global has transcended to the top; to be recognised as the ‘Fintech Start-up of the Year’, at the prestigious Fintech Awards (IFTA) 2019.

The IFTA Awards is a platform to celebrate and recognise the best innovations from Fintech companies around the world with over 400 entries from 10 countries. Results were narrowed down to 20 leading Fintech firms with finalists from across the globe including the US, Europe, Israel, Singapore and India, who presented live product demos on stage in Mumbai resulting in Valocity Global being awarded the Fintech Start-up of the Year Winner.

As part of the prestigious IFTA Award Valocity also gets the opportunity to participate as a Finalist on stage in Europe’s Paris Fintech Forum 2020.

Founder and Global CEO Carmen Vicelich travelled from her New Zealand base where she was joined by the India team led by CEO Sachin Sandhir, with Product and Operations Director Shweta Kataria and Client Director Namit Sharma.

Valocity’s digital Platform is transforming the mortgage valuation process globally, currently in New Zealand, Australia, Asia and India, streamlines and automates the property valuation process for lending and insurance. It seamlessly connects the entire ecosystem of lenders, brokers, valuers, and their customers in One Smart Platform making the complicated simple and enabling a faster speed to yes for lenders and their consumers while delivering best practice collateral risk management.

Carmen Vicelich said, “We are absolutely thrilled to be awarded Fintech Start-up of the year, and this is testament to the incredible hard work and dedication of our global team to create a platform that completely transforms the mortgage valuation experience across the ecosystem. We have a passion to leverage the latest technology and data to deliver customer centricity and this award is shared with our clients and partners as recognition of the power of collaborative innovation.”

Earlier this week Valocity won the International Business Excellence Award at the New Zealand India Business Awards and hosted 300 clients, partners, staff, friends and family to celebrate the company’s 5th Birthday.

© Scoop Media

Business Headlines | Sci-Tech Headlines


The Narrow Divide: New Poll Shows Tight Political Race For SME Votes

In a major turnaround following nearly a decade of MYOB election polls, Labour is currently the preferred political party of New Zealand’s SMEs, with 38% of SME owners and decision makers intending to vote red in the upcoming General Election, ... More>>

Reserve Bank: Further Easing In Monetary Policy Delivered

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain ... More>>

Retail: Post-Lockdown Retail Card Spending Picks Up

The rise in retail card spending was boosted by sales of furniture, hardware, and appliances, Stats NZ said today. “For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after ... More>>

Contact: Business Drops, New Generation On Hold

New Zealand’s second-largest energy company Contact Energy (‘Contact’) released its full year financial results for the 12 months to 30 June 2020 (‘FY20’) this morning. More>>

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>


Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>


NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>


Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>


FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>