Hong Kong Trade Development Council today featured Futureproof and its Equity Preservation Mortgage®.
The HKTDC is a statutory body charged with creating platforms for international business in Hong Kong and facilitating business partnerships worldwide. In its June edition of Tech and Innovation News HKTDC reports:
“Asset-rich cash-poor’ describes many retirees and an innovative Hong Kong start-up is set to help them unlock their home equity capital.”
Reporting on the successful tie-up between Futureproof and IMS Digital Ventures, it said:
“Futureproof works on a B2B2C basis, supplying lenders such as banks, insurers and mortgage originators with a software as a services (SaaS) platform to write the Equity Preservation Mortgage®…
The SaaS platform development led by IMS Digital Ventures in Hong Kong sees a team of 40 tech experts comprising systems architects, developers, data analysts and programmers supported by Futureproof’s actuaries, quants and product experts now completing the Product Platform build for market launch in June 2024.”
Futureproof CEO, John Innes was quoted as crediting the 2023 Asian Financial Forum, Asia’s leading finance, banking, insurance, fintech and investment forum held annually in Hong Kong as the platform that brought the fintech and venture builder together.
James Huey, Chairman of Futureproof and former Head of Commercial & Retail Banking at Westpac Bank, was reported as saying:
“The Asia Financial Forum is Asia’s premier platform for thought leadership, innovation, and networking for global financial and business leaders, investors, and entrepreneurs. Futureproof has been invited to be a Start-up Exhibitor at the AFF’s as the only fintech innovating in the retirement & aged care funding space, to address the global growing retirement funding gap.“
