Cashwagon Pte Ltd carries off the Digital Award for Financial Services in SBR's first-ever Technology Excellence Awards | Singapore Business Review
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Cashwagon Pte Ltd carries off the Digital Award for Financial Services in SBR's first-ever Technology Excellence Awards

The Cashwagon digital platform leverages artificial intelligence and big data to provide information about financial services and the opportunity to apply for loans online.

Cashwagon Pte Ltd’s innovative IT platform grants online access to a broad range of financial products created for the 80% of people in Southeast Asia who feel excluded and underserved by traditional financial services.

The digital platform leverages artificial intelligence and big data to provide customers with helpful information about financial services and the opportunity to apply for loans online.

The application and payout processes performed on the platform are uniquely efficient – taking just minutes. This ease of access provides relief to users who are stressed from financial challenges and seeking immediate solutions.

The Cashwagon P2P platform has its own cutting-edge, automated digital solution, which uses machine learning technologies. Big data is the driver of nearly all decision-making, leveraging data from thousands of credible sources to provide sound analysis and incredibly precise outcomes. In terms of fairness, it is unrivaled – making decisions without the bias of human intervention.

The platform’s adaptable, digital design paves the way for prompt changes such as updates, new features, and additional services. The agile nature mirrors the modern world’s rapidly evolving trends, boasting three pertinent qualities: digital, flexible, and fast.

At present, the platform has near one million users across six countries in Southeast Asia. It has achieved this milestone in less than two years, and the number of users and the positive reviews continue to grow.

Meanwhile, local partners of Cashwagon receive the necessary digital tools to run their successful lending businesses. These tools are empowered by superior, cutting-edge technology that benefit said partners as customers gain access to financial services that cater to their needs.

Cashwagon’s alternative digital services operate outside of traditional financial systems, working for the many instead of the few and affecting positive change on the entire financial environment.

Recognising Singapore’s leading companies in technology innovation, the Technology Excellence Awards lauds outstanding companies that have pioneered ground-breaking IT products and solutions and implemented truly innovative technology initiatives that have made an impact in their business.

The Technology Excellence Awards, presented by Singapore Business Review, was held on 30 May 2019 at the Conrad Centennial Singapore.

This year’s nominations were judged by a panel consisting of Cheang Wai Keat, Head of Advisory, Ernst & Young LLP; Darwin Thio, Director, Cybersecurity & Technology Services, Nexia TS; Daryl Pereira, Head of Cybersecurity, KPMG; Evelyn Lim, Executive Director, Tax Advisory, BDO LLP; and Jonathan Kok, Co-Head of Technology, Media & Communications Industry Group, RHTLaw Taylor Wessing LLP.

View photos from the awards ceremony here.

If you would like to join the 2020 awards and be acclaimed for your company’s exceptional technology innovations, please email Julie Anne Nuñez at julie@charltonmediamail.com 

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