London, United Kingdom, May 28, 2019 --(PR.com
)-- After an intensive 3 month selection process, Heliocor, the emerging RegTech company based in London and Barcelona, is proud to announce it has been selected for the 3rd Cohort of the Ping An Cloud Accelerator, China.
The “Ping An Cloud Accelerator Powered by SparkLabs” program was designed to prepare innovative technology companies with aspirations and commitment to enter the China market. The Accelerator was initiated by Ping An Group (the largest insurance company in China by market value and the 5th largest in the world) supported by the Futian Government in Shenzhen, China, and sponsored by SparkLabs, a globally renowned accelerator and venture fund. Participants receive expert advice and coaching by global thought leaders and have access to the international network of SparkLabs.
The Accelerator focuses on 5 verticals: FinTech, HealthTech, Auto Tech, Real Estate Tech and Smart City. The program is highly selective with an acceptance rate of only 3%. For this Cohort, over 550 applications were considered from 30 countries around the world, of which only 17 were chosen to join the programme. Heliocor’s transaction monitoring product - Robolitics™ - went through the rigorous evaluation process of business plan filtering, multiple rounds of video meetings, technology evaluation by teams from companies within the Ping An Group and the final selection committee evaluation.
Vikas Tripathi, Managing Director of Heliocor, commented, “We are delighted to be selected by Ping An to join their Cloud Accelerator. The programme has previously enabled emerging technology companies to rapidly accelerate their entry into the enormous financial services market in China. We look forward to working with Ping An to localise our suite of world class compliance products and build a substantial presence in China.”
Roderick Cameron, Chief Strategy Officer, Heliocor Ltd, 20 Birchin Lane, London, EC2V 9DU
+44 (0)203 006 6412 / +44 (0) 7963050443
Elly Zhang, Director of Partnerships, Heliocor Ltd
+44 (0)203 006 6411
Vikas Tripathi, Managing Director, Heliocor Ltd
+44 (0)203 006 6405
Notes to Editors: About Heliocor
Heliocor’s mission is change the way the world does business; restoring trust.
Our goal is to radically reduce the $100 billion+ annual cost of fraud globally by building an anti-fraud ecosystem based on our existing product families.
Heliocor’s foundation product is RoboliticsTM, a high-speed data analytics engine, that helps financial institutions manage their compliance more effectively and much more cheaply than other solutions. Its proven technology, using AI, neural networks and machine learning, is working in Tier 1, 2 and 3 financial institutions today.
Heliocor also supports clients with Know your Client (KYC) and Anti Money Laundering (AML) onboarding via its Dokstor suite of software. Dokstor is available in API/iFrame (linked to RoboliticsTM) and App formats (in both the Play and App Stores).
Based in London, with a Technical Development Centre in Barcelona and a sales office in New York, Heliocor has been designed to be a global business – we already have an international client base and will shortly be opening offices in China and the Middle East.
Combining the two developed and delivered products with the leveraging power of blockchain, Heliocor intends to build world’s first global anti-fraud ecosystem. This will radically reduce and potentially eliminate identity fraud.
Sole UK winner, 3rd China （Shenzhen） Innovation ＆ Entrepreneurship International Competition
Winner, Financial Technology Professionals Finals
Winner, Internet and Mobile Internet (Information Technology) Finals
National Finalist, Tech Nation’s Rising Stars 2019
Winner, Most Promising KYC/AML/Compliance Checker for Security Tokens at "Security Tokens Realised" Jan 2019
PwC Winter18 FinTech Scale Up Programme
Cohort 11, Mayor of London’s International Business Growth Programme http://gotogrow.london/
Video introduction to Heliocor’s Mission - https://vimeo.com/305081807
About Ping An Cloud Accelerator Powered by SparkLabs:
The “Ping An Cloud Accelerator Powered by SparkLabs” program was designed to prepare innovative technology companies with aspirations and commitment to enter the China market.
The program was initiated by Ping An Group, one of the largest insurance and financial institutions globally, supported by the Futian Government in Shenzhen China, and sponsored by SparkLabs, a globally renowned accelerator and venture fund.
Applicants who are selected to join the Accelerator program will receive expert advice and coaching by global thought leaders and have access to the international network of SparkLabs. In addition, the selected companies will be exposed to the Ping An Cloud services and ecosystem.
During the 5-month Acceleration program, we will help the successful applicants optimize their business models, expand their business into China, and facilitate the next round of financing through D-Day and workshops.