Privé is proud to announce that it has been selected as a finalist in the 2017 Abu Dhabi FinTech Innovation Challenge. The prestigious and exclusive UAE-based program was established with the collaborative efforts of the Abu Dhabi Global Markets (“ADGM”) and KPMG and is part of the first FinTech Summit in the region.
This program aims at inviting cutting-edge technology FinTech companies around the world to enter the Middle East, Africa and South Asia region. This year the ADGM received approximately 170 submissions from across the globe. From those submissions, only 11 teams were shortlisted by a panel of industry judges. The majority of applications were said to be from from major international FinTech markets and emerging centers, such as the UK, Singapore, India, the United States, Hong Kong, China, Australia, the UAE, and Africa. Privé was the only finalist selected from Hong Kong.
Privé is also the firm behind the award-winning Privé Managers platform for global wealth and asset managers. This most recent recognition, in addition to past awards, has dramatically increased Privé’s brand-value in the FinTech industry. Prior awards for Privé include being selected as the 2017 Technology Provider of the Year for the Structured Products Asia Awards sponsored by Risk Magazine, and as a finalist in the Singapore-based 2017 Global FinTech Hackcelerator Program established with the collaborative efforts of the industry, academia and the Monetary Authority of Singapore.
Privé has also been named the winner of consecutive Asian Private Banker Technology Awards in 2015 the 2016 as the Best Provider of External Asset Manager Solutions and the Best Robo Advisory Solution. It was also selected as an Asian representative for the prestigious FinTech 50 2016 publication and as one of only eight global startups to participate in the highly selective Accenture Innovation Lab Accelerator Program in 2016. In addition, Privé was recognized in the Top 50 Financial IT Pathfinder 2016/2017 Global Rankings. Among the recognized awardees, Privé was only one of two self-funded companies within the top 20. It was also one of only two FinTech companies recognized in the field of wealth management on the list.
Julian Schillinger, the CTO and co-founder, noted, “We are extremely honored to be selected as the only Hong Kong representative in the inaugural Abu Dhabi Innovation Challenge. We believe that the Middle East, and Abu Dhabi in particular, has the foundation to be the center of financial technology innovation in wealth management due to the high investment in its financial infrastructure, a developed judicial system and low barriers for entrepreneurial businesses, such as FinTech. We are very excited with the prospect of contributing to the rapidly growing FinTech ecosystem in this region.”
ABOUT PRIVÉ MANAGERS
Privé Managers is a modular solution for the wealth and asset management industry and comprises more than 11 state-of-the-art modules powered by its bionic advisory engine, which include wealth planning, risk profiling, investment exploration, algorithmic optimization and personal reporting. Privé serves a range of wealth management clients across Asia and Europe, including external asset managers, multi-family offices and banks by offering a wide range of connectivity options to custodial and distribution platforms. To learn more about Privé Managers please visit us on www.privemanagers.com or www.bionicadvisory.com.
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Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Privé does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Privé and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
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