The sixth edition of the Swiss FinTech Awards is entering its final round. The jury has selected four finalists from ten nominees. In the Early Stage category, for Fintech companies whose products are still in development, DeepJudge and FQX are competing. In the Growth Stage category, for companies already on a growth trajectory in the market, PriceHubble and Yokoy are competing.
Legal teams in banks and companies suffer from slow, inefficient processes and spend a lot of time laboriously wading through pages of contracts and briefs. DeepJudge offers a remedy for this. Using artificial intelligence, legal documents can be processed quickly and efficiently by quickly filtering out what is relevant.
However, DeepJudge can do even more: the documents in question can be interlinked with external data sources. They can thus be linked to law books, court rulings, commercial registers, or encyclopedias, and a whole new form of context is created. That should give customers a competitive advantage.
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The start-up FQX makes it possible to create, send, check and process electronic payment commitments, known as eNotes
eNotes are based on the world’s tried-and-true paper-based “promissory bills.” They are unconditional promises to pay another party a specified amount on a specified future date. The eNote is based on blockchain technology and can be flexibly sold and transferred to third parties. The FQX infrastructure is expected to integrate with financing platforms of banks and fintech companies due to its universal technology. This allows their customers to participate in the entire eNote lifecycle from issuance to settlement.
The company aims to create transparency in global real estate markets. PriceHubble provides its customers with property insights and solutions that enable them to make smarter real estate decisions. In doing so, the technology can be seamlessly integrated into the daily business processes of banks, asset managers, developers, property managers and brokers. For property valuation, PriceHubble provides big data analytics also using artificial intelligence. In addition to Switzerland, the company already operates in Germany, Austria, France and the Netherlands. Next up is the launch in the UK and Spain.
Yokoy sees itself as a complete solution for corporate spending. It aims to enable the rapid, automated management and processing of expenses, credit card and supplier invoices. Through artificial intelligence, the Yokoy technology adapts to the clientele. Expense invoicing in particular, often an annoying chore for employees, is put on autopilot with Yokoy. Only anomalies require a manual check. Yokoy now also offers its own free credit card. All transactions are thus automatically fed into the Yokoy expense tool and reconciled with receipts. Expenses can be checked and analyzed directly.
The finalists will present at the “Finanz und Wirtschaft” conference “FinTech 2021 – The Future of Embedded Finance” on July 6th. At the following Awards Night, the winners of the categories will be chosen. In addition, a third award will be presented to the Fintech Influencer of the Year.
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First published in FINANZundWIRTSCHAFT, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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