A New Zealand company has been recognised on the world stage for its work in digitising the entire property valuation process.
Based in Auckland, Valocity is a fintech (financial technology) company that streamlines property valuation and real estate processes globally with a cloud-based sustainable valuation ordering platform. It also uses customisable digital workflow solutions for residential, commercial, and agricultural lending.
At the Global Singapore FinTech Festival Awards 2022, Valocity was announced as the runner-up global fintech of the year for its valuation platform and smart digital tools.
The Singapore FinTech Festival (SFF) is considered to be a prestigious event and global platform for the fintech community.
The awards recognise fintech companies, financial institutions, technology companies, and individuals who are transformative in the sector that have been instrumental in creating new growth opportunities and promoting financial inclusion.
Valocity founder and global CEO Carmen Vicelich said it was "incredibly inspiring" to represent New Zealand at such a prestigious event.
"Not only are we immensely proud to be the only Australasian business to make the finalists, but also so grateful for the ongoing support from our property ecosystem, partners and clients," she told Newshub.
"It was an immensely proud moment to be on that global stage, (and fly home to New Zealand carrying the award), representing our entire dream team who make the impossible, possible and incredible fintech community that stands behind us."
Vicelich said Valocity has been growing globally at pace, so the award allows them to support even more growth in new and existing markets.
"This win gives us the credibility and the validation that we really are the best at what we do and recognises the uniqueness and innovativeness of our solutions," she said.
"This win will absolutely open up further international opportunities for Valocity given the high esteem that is associated with runner-up global fintech."
This year's award theme recognised initiatives that create new growth opportunities, transform industry practices, promote financial inclusion, and actively integrate environmental, social, and governance factors as part of their overall business model.
Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore, which partly organised the event, said he was very encouraged by the cutting-edge solutions presented by the winners and finalists of this year's awards.
"The winning entries have demonstrated strong potential to tackle real-world problems, while allowing the financial sector to harness the tremendous benefits of new technologies in their journey towards a greener digital future."
Beating Valocity as global fintech of the year was Mastercard for its priceless planet carbon calculator that allows users to view an estimated carbon footprint of all their purchases. In third place was Stemly, which uses transactional and invoice-level data to create cash flow forecasts to facilitate the provision of financial products.
