NEW YORK, November 02, 2021 (GLOBE NEWSWIRE) – The Monetary Authority of Singapore (MAS) has appointed LiquidX Insurance Services (Singapore) Pte. Ltd. finalist of the Singapore FinTech Festival (SFF) Global FinTech Awards 2021 in the Singapore Financial Institution category. The awards are a highlight of the annual festival, which takes place from November 8 to 12, 2021.
The SFF Global FinTech Awards, supported by PwC Singapore, recognize breakthrough solutions that have enabled the financial sector to bounce back from the impact of the pandemic, including initiatives that have helped create new growth opportunities, transform practices industry and promote financial inclusion. The theme of this year’s awards is “Out of a Pandemic, The Road to Recovery”.
The Singapore Financial Institution Award is given to a Singapore regulated institution whose Singapore office must have contributed to the implementation / deployment of the solution in at least one ASEAN country within the past three years.
LiquidX’s digital credit insurance solution is a platform for trade credit insurance policy quotation, policy management and risk monitoring, saving policyholders, carriers and brokers time and expense. efforts. LiquidX digitizes and optimizes credit insurance policy management by crossing policy terms and conditions, authenticating eligibility of approved buyers, and automating policy reporting requirements to ensure policy compliance.
“On behalf of the entire LiquidX team, we would like to express our sincere gratitude to the panel for recognizing our accomplishments,” said Alex Bursak, Director and Regional Head of Asia-Pacific Insurance at LiquidX. “We are really proud of our momentum in Singapore in 2021. In June we obtained our insurance brokerage license from MAS, in August the first insurer based in Singapore joined our platform and in October we launched the pilot of our revolutionary InBlock Digital Trade Credit Insurance Solution. We are confident that our innovative solutions will benefit businesses, insurers and insurance brokers in Singapore and across the region.
Todd Lynady, Global Head of Insurance, added: “We are particularly proud of this recognition given Singapore’s position as a major hub for FinTechs and InsurTechs globally. InBlock Digital Policy Management is truly a game-changer for the commercial credit insurance industry.
The winners of the Singapore FinTech Festival Global FinTech Awards 2021 will be announced on November 11.
LiquidX is a leading global technology company that empowers financial professionals to transact faster, smarter, and more cheaply by digitizing and automating their trade finance and working capital management. Headquartered in New York with offices in Boston, London and Singapore, LiquidX provides the industry-leading ecosystem for working capital optimization to its diverse network of global participants including corporates, banks, institutional investors and retailers. insurance providers. LiquidX integrates blockchain technology and machine learning analytics to dramatically improve transparency, reporting and forecasting in financial ecosystems. To learn more about our next generation solutions, please visit liquidx.com.