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SME 100 AWARDS - SINGAPORE'S FAST MOVING COMPANIES: AGDELTA

Marking over a decade of firsts

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Mr Au: "In 2015, we were the first fintech to JV in an 'uber' style industry network platform with six other global banks for wealth investment products."

IT is an honour for AGDelta to be recognised as one of Singapore's fastest-moving companies and particularly so because so few awards these days are based on hard financial audit and onsite inspections and interviews, says Andrew Au, the company's chief executive officer.

"It is a real privilege to be the only fintech in Singapore to receive this prestigious recognition," he adds. "Personally, it is just a fantastic milestone in what has been an enormously enriching entrepreneurial journey at AGDelta which started prior to the global financial crisis and I'm eternally grateful to my clients, staff, business partners, institutional and private investors, and my friends and family for their unwavering support. While my company and I have been fortunate to receive our fair share of accolades, this particular recognition is both unique and very special."

The SME100 award will bring some exposure to AGDelta in the more mainstream market place in Singapore. Up till now, it has been focusing on the B2B retail and private banking space.

Mr Au says this award marks over a decade of industry firsts. Last year, AGDelta became the first and only fintech in 17 years of the programme's existence to be awarded an R&D grant by SIIRD (a JV between Singapore's Economic Development Board and Israel's Innovation Authority) to further advance its AI powered, robo-assisted digital wealth, regulatory compliance and best price execution trading solutions for existing retail, private wealth clients.

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"In 2015, we were the first fintech to JV in an 'uber' style industry network platform with six other global banks for wealth investment products. This has grown to the largest network in the Asia-Pacific in the past two years, and is now getting global mandates," Mr Au adds.

He highlights that the SME100 process is an extensive and transparent selection process with the involvement of reputable external auditors and company due diligence agencies such as Dun & Bradstreet.

"On top of the obvious criteria of posting 'audited' financials that reflect a multi-year trend of strong business growth, I believe AGDelta has demonstrated through actual results the transformative impacts we have had in the wealth management industry.

"We are tremendously passionate about positive industry change and regularly host industry 'think tank and action' events to organise and coordinate specific work groups to tackle problems with target solutions. We recently held successful events in Singapore and Hong Kong, addressing the regulatory impacts of online distribution and digital advisory and will be taking that soon to Shanghai, Zurich, Kuala Lumpur and Jakarta," says Mr Au.

AGDelta is a homegrown financial technology firm formed in 2005 in Singapore serving the local, regional and global banks and independent financial advisers in over 15 countries. It helps the industry solve three major problems which threaten to stifle the growth of the brick-and-mortar style of the wealth management industry.

"Customers want choice of product providers when it comes to investments at obviously the best price. We've created a digital platform that does that with the largest product providers in the world and over US$1trillion has been transacted on it," says Mr Au.

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